In December 2001, following his service as U.S. Secretary of Commerce under President Clinton, he was appointed to a newly created position as President of SBC Communications to help reform the company's image. In May 2004, Daley was appointed Midwest Chairman of JPMorgan Chase, following its acquisition of Bank One Corporation. In 2007, Daley was appointed as head of the Corporate Responsibility program, a position he held until 2010. Daley formerly served on the Board of Directors of Boeing, Merck & Co., Boston Properties, and Loyola University Chicago. He is currently a trustee of Northwestern University and is a member of the Council on Foreign Relations. In 2010, he received the Chicago History Museum "Making History Award" for Distinction in Civic Leadership. In 2014, he joined Argentiere Capital as a managing partner.