Compass Lexecon is an economic consulting company with headquarters in Chicago, Illinois. It provides analysis of economic issues for use in legal and regulatory proceedings, strategic decisions, and public policy debates. Compass Lexecon LLC was formed in January 2008 through the combination of Competition Policy Associates (COMPASS), founded in 2003, and Lexecon, founded in 1977, and operates as wholly owned subsidiary of FTI Consulting, Inc., a global business advisory firm. Daniel Fischel is the chairman and president. Jonathan Orszag is senior managing director. In May 2013, Compass Lexecon acquired Princeton Economics Group, which provides economic research, data analysis and testimony to law firms and corporations. The company has 17 office locations in the Americas and Europe. In July 2014, in response to an FCC inquiry, the National Association of Broadcasters cited a report by Compass Lexecon on the economic benefits of exclusivity rules. Compass Lexecon was also mentioned as one of the firms hired to evaluate the settlement accord offered by J.P. Morgan to investors of its mortgage backed securities. In February 2015, the New York Times covered a report written by Daniel Fischel, which examined the implications facing academic institutions that divest fossil fuel-related stocks. The Wall Street Journal published an opinion piece by Professor Fischel on the same topic. In May 2015, Compass Lexecon was named Competition Economist Firm of the Year by Whos Who Legal. Additionally, Compass Lexecons Janusz Ordover, a Senior Consultant, was named as the 2015 Competition Economist Individual Expert of the Year. In the same month, a Travel Pulse article on the airline industry cited a Compass Lexecon report, which "claim[ed] the Gulf airlines are not creating new demand, but siphoning off passengers from existing airlines."