Obama nominates Burwell, Moniz, McCarthy

Obama nominates Burwell, Moniz, McCarthy

WASHINGTON, March 4 (UPI) -- President Obama took steps to fill holes in his second-term Cabinet Monday, introducing his nominees for budgetary, energy and environmental positions.

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News from United Press International, around the world around the clock ...

Citi's Prince: 'I'm sorry'

WASHINGTON, April 8 (UPI) -- Two former executives of Citigroup Inc. expressed regret Thursday for failures at the U.S. financial giant that resulted in huge losses and government bailouts.

Former treasury head calls for stimulus

WASHINGTON, Oct. 26 (UPI) -- Former U.S. Treasury Secretary Robert Rubin said the nation needs another stimulus package to kick-start the economy.
Rubin likes Obama, Fiorina backs McCain

Rubin likes Obama, Fiorina backs McCain

WASHINGTON, Aug. 3 (UPI) -- Former U.S. Treasury Secretary Robert Rubin, who backs Barack Obama for president, said Sunday the U.S. economy is more likely to get worse than to get better.

Candidates seek ticket balance

WASHINGTON, June 29 (UPI) -- The Democratic and Republican candidates for U.S. president need different qualities in a vice presidential running mate, political analysts say.

Democrats look to unify against McCain

WASHINGTON, May 18 (UPI) -- Top Democratic Party leaders discussed plans to mount a united campaign against presumptive Republican presidential nominee Sen. John McCain, officials said.

The almanac

UPI Almanac for Monday, May 12, 2008.
By United Press International

Citigroup names Vikram Pandit as CEO

NEW YORK, Dec. 11 (UPI) -- U.S. financial-services giant Citigroup Inc., one of the credit-market turmoil's biggest casualties, named Vikram Pandit as chief executive officer Tuesday.

Citigroup pressured to name CEO

NEW YORK, Dec. 8 (UPI) -- Vikram Pandit and Robert Willumstad reportedly are in the running to become the new chief executive of embattled Citigroup Inc.

Citi taps ex-Treasury secretary as chair

NEW YORK, Nov. 5 (UPI) -- A former U.S. Treasury secretary will take over as chairman of troubled Citigroup, which announced massive write-downs and the departure of its chief executive.

Report: Prince out at Citigroup

NEW YORK, Nov. 4 (UPI) -- The board of Citigroup Sunday accepted the resignation of Chairman and Chief Executive Charles O. Prince III, The New York Times reported.

The Almanac

UPI almanac for Saturday, May 12, 2007.
By United Press International

Robert Rubin leaves Ford Motor's board

DEARBORN, Mich., Aug. 25 (UPI) -- Former U.S. Treasury Secretary Robert E. Rubin has resigned as a director of Ford Motor Co. citing a potential conflict of interest arising from his duties as a member of the chairman's office at Citigroup Inc.

The Almanac

Today is Friday, May 12, the 132nd day of 2006 with 233 to follow.
By United Press International
Page 1 of 5
Robert Rubin
Former Treasury Secretary Robert Rubin speaks on the economy at the U.S. Conference of Mayor's Winter Meeting in Washington on January 23, 2008. Rubin said that local government has the power to jump start the economy and lead America through the current economic hardship. (UPI Photo/Kevin Dietsch)

Robert Edward Rubin (born August 29, 1938) served as the 70th United States Secretary of the Treasury during both the first and second Clinton administrations. Before his government service, he spent 26 years at Goldman Sachs eventually serving as a member of the Board, and Co-Chairman from 1990-1992. His most prominent post-government role was as Director and Senior Counselor of Citigroup, where he performed ongoing advisory and representational roles for the firm. From November to December 2007, he served temporarily as Chairman of Citigroup. On January 9, 2009, Citigroup announced he was resigning after being criticized for his performance. He received more than $126 million in cash and stock during his eight years at Citigroup.

Born in New York City to a Jewish family, Rubin moved to Miami Beach, Florida, at an early age and graduated from Miami Beach High School. He was a member of Boy Scout Troop 35, sponsored by the American Legion, and received the rank of Eagle Scout. In 1960, Rubin graduated summa cum laude with a B.A. in economics from Harvard College. He then attended Harvard Law School for three days before leaving to see the world. He later attended the London School of Economics after graduation and received an LL.B. from Yale Law School in 1964.

Rubin began his career as an attorney at the firm of Cleary, Gottlieb, Steen & Hamilton in New York City. He joined Goldman Sachs in 1966 as an associate in the risk arbitrage department. Rubin proved his skills at the intricate art of investing his firm's capital in high-reward arbitrage opportunities and became a general partner in 1971. He joined the management committee in 1980 along with fellow Democrat Jon Corzine, later a U.S. senator and governor of New Jersey. Rubin was Vice Chairman and Co-Chief Operating Officer from 1987 to 1990. From the end of 1990 to 1992, Rubin served as Co-Chairman and Co-Senior Partner along with Stephen Friedman.

This article is licensed under the GNU Free Documentation License.
It uses material from the Wikipedia article "Robert Rubin."
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