Former Labor Secretary Reich Urges Patience for Treasurers

In an exclusive interview with AFP, Robert Reich said treasurers need to exercise patience during what he deemed the current "depression." "Back in 2006, no one expected the end of 2007 and all of 2008 to be so difficult," he said. Reich, the former Secretary of Labor in the Clinton Administration, said treasurers need to pay special attention to foreign currency fluctuation and be as honest as possible with their companies' leaders when discussing corporate finance.

• Listen to the interview

Reich is one of the keynote speakers at the AFP Annual Conference, Oct. 4-7, in San Francisco.

Robert Reich is Professor of Public Policy at the Goldman School of Public Policy at the University of California at Berkeley. He has served in three presidential administrations, most recently as Secretary of Labor under President Bill Clinton. He has written 11 books, including The Work of Nations, which has been translated into 22 languages; the best-sellers The Future of Success and Locked in the Cabinet, and his most recent book, Supercapitalism. His articles have appeared in the New Yorker, Atlantic Monthly, New York Times, Washington Post, and Wall Street Journal. Mr. Reich is co-founding editor of The American Prospect magazine. His weekly commentaries on public radio’s "Marketplace" are heard by nearly five million people.