Thomas 'Tom' Wheeler, managing director of Core Capital Partners LP and U.S. President Barack Obama's nominee as chairman of the Federal Communications Commission (FCC), listens as Obama, not pictured, makes the announcement in the State Dining Room of the White House in Washington, D.C., U.S. on Wednesday, May 1, 2013. Wheeler would succeed Chairman Julius Genachowski, a Democrat who has pushed to expand access to high-speed Internet service. Photographer: Andrew Harrer/Bloomberg via Getty Images