Larry Summers is a paid adviser to Citigroup (C), Nasdaq (NDAQ) and other financial firms,...

|About: Citigroup Inc. (C)|By:, SA News Editor

Larry Summers is a paid adviser to Citigroup (C), Nasdaq (NDAQ) and other financial firms, positions that could count against him in the race to be the next Chair of the Fed. On the other hand, Summers is also close to Barack Obama, having helped prep the latter when he was a presidential candidate during the financial crisis of 2008 and having served in his administration. It's a relationship that Janet Yellen doesn't have.