Al Gore, Businessman
Former vice president Al Gore has accepted a position with a Los Angeles-based financial services firm, reports CBS News Correspondent Steve Futterman.
Gore will be vice chairman of Metropolitan West Financial, described as a diversified financial services holding company.
The former vice president and last year's Democratic presidential candidate will "help us identify and evaluate new business opportunities and play an active role in shaping the future of our company," the firm's chairman and chief executive officer, Richard S. Hollander, said in a statement.
In particular, Gore will help develop strategies in biotechnology and information technology and examine opportunities for international expansion, the company said.
In the statement, Gore said that after a quarter-century of serving as a congressman, senator and vice president, "I am eager to learn more about business as an active executive of this dynamic and community-oriented company."
Gore will continue to serve as a research professor focusing on family-centered community building at the University of California, Los Angeles, and will continue to teach classes on the subject at Middle Tennessee State University and Fisk University, both in his home state of Tennessee.
Metropolitan West manages about $51.2 billion through several affiliates that providing a variety of asset management services.
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