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Former Treasury Sec. Rubin speaks at Mayors Conference in Washington
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 thru the current economic hardship. (UPI Photo/Kevin Dietsch)
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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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