The New York Times explains the "background" of Obama's new chief of staff, William M. Daley:
He is a top executive at JPMorgan Chase, where he is paid as much as $5 million a year and supervises the Washington lobbying efforts of the nation’s second-largest bank. He also serves on the board of directors at Boeing, the giant military contractor, and Abbott Laboratories, the global drug company, which has billions of dollars at stake in the overhaul of the health care system.
Funny, I always thought Bill Daley was a big shot (e.g., he's head of JP Morgan Chase's "Office of Corporate Social Responsibility") because his father had been mayor of Chicago for 20 years and his brother for 22.
Obama's chief of staff picks (first, Rahm Emanuel, now a Daley) suggest he still doesn't seem to know many people outside of Chicago. It's not like he knew Emanuel or Daley well in Chicago, it's just that he knows them less less well than non-Chicagoans. Who will be Obama's next chief of staff? Mike Ditka? Oprah's friend Gayle? Stedman Graham?