Andre Yoskowitz
1 Mar 2011 15:37
Former Senator Christopher Dodd has been appointed the new CEO of the MPAA (Motion Picture Association of America), years after the group began searching.
The studios behind the trade group had long fought over fighting a candidate but all seem very excited by the new appointment.
One studio boss even said, of Dodd: "He has great experience in government, is a leader and has real charisma."
Dodd became a senator for Connecticut in 1981 and remained in office until January of this year.
Despite his many years in politics, Dodd is likely best remembered for his failed presidential bid in 2008 and his call that Fannie Mae and Freddie Mac were "fundamentally strong" and "in good shape" just months before the government was forced to nationalize the companies in a deal that will likely cost taxpayers over $150 billion.