Who He Is: Mark Angelson, the Deputy Mayor and head of the Economic, Budgetary and Business Development Council, knows business.
He became Chairman of the Board and CEO for World Color Press Inc. in 2009 and helped orchestrated World Color Press’ acquisition by Quad/Graphics. Between 2007 and 2009 he served as Chairman of the investment firm MidOcean Partners. Before that, in the years 2003-2007 he was instrumental in the consolidation of the printing industry through his position as CEO and director of RR Donnelley. While there he led the effort to combine RR Donnelley with other printing firms in America, Europe and Asia. He started his career not as a businessman, however, but as a lawyer for the firm Sidley & Austin from 1982-1995. Angelson is currently on the faculty of Northwestern’s Kellogg School of Management.
City Salary: Angelson is paid an annual salary of $1.00.
Goals: Angelson, along with a savvy team of individuals who understand the intricacies of privatization, mergers, and efficient cutbacks, will be given the task of finding places to make cuts in the city’s budget. With the operating deficit nearing $700 million, the Economic, Budgetary and Business Development council will need to review what can be cut, what can be privatized and what are the best ways to reduce costs from services provided by the city.
Challenges: The budget deficit has been talked about plenty, but the biggest challenge for Angelson will be defending the difficult decisions he will have to make in the coming months. Most want the deficit to be remedied, but few want it done at their expense.