Hochberg Named Chair of Import-Export Bank

The Obama transition plans to name Fred Hochberg, Dean of Milano, the New School for Management, to head the Import-Export bank, a Democratic official said. Hochberg would be the highest rank gay man in the administration. A longtime supporter of Sen. Hillary Clinton, Hochberg bundled more than $100,000 for Sen. Obama during the general election. He is one of the few donors to whom Obama has given a top administration position.  But Hochberg is very qualified: during the Clinton administration, he served as acting administrator of the Small Business Administration. The Import-Export bank serves as the country's offiical export credit authority.