Robert Rubin was the director of the National Economic Council (NEC) which Bill Clinton created after winning the presidency. In 1995 Rubin was sworn in as Secretary of the Treasury.CNN: Robert Rubin
On January 9, 2009, Rubin announced he was stepping down as senior counselor for Citigroup after nearly a decade with the New York-based bank. Rubin had faced heavy criticism by some who felt he failed to stop the company from taking on greater risk to boost profits in 2004 and 2005.FOX Business: Rubin Resigns as Citi Senior Counselor (January 9, 2009)
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"Since joining Citi nearly 10 years ago, Bob has made invaluable contributions to the company. From the beginning, Bob has been instrumental in working with clients around the globe and forging strong relationships for our businesses. He has also been a trusted advisor to senior management as well as to me personally, and I am pleased to say Bob has agreed to continue to be available as a sounding board and resource for me and for the company."—Vikram Pandit, Citi CEOFOX Business: Rubin Resigns as Citi Senior Counselor (January 9, 2009)
References
Fast Facts
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Name
Robert Edward Rubin
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Born
August 29, 1938
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Birthplace
New York, New York
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Married to Judith Rubin, the couple has 2 sonsCNN: Robert Rubin
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Graduated from Harvard in 1960CNN: Robert Rubin
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Received his Law Degree from Yale in 1964CNN: Robert Rubin
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Began his career as an attorney at the firm of Cleary, Gottlieb, Steen & Hamilton in New York City
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Joined the New York investment bank Goldman Sachs & Co in 1966
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After 21 years at Goldman Sachs, he was named co-chairmanCNN: Robert Rubin
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He joined the Clinton administration in 1993CNN: Robert Rubin
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He served as assistant to the president for economic policy and was the first director of the National Economic Council
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He then served as Secretary of the Treasury from January 1995 until July 1999CNN: Robert Rubin
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Rubin is credited with the passage of NAFTA and the balanced budget agreement in 1997CNN: Robert Rubin
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Despite these successes some feel the Clinton administration's policies may have contributed to the 2008 financial crisisBlog for Democracy: Was Clinton responsible for the Financial Crisis?
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Rubin was the chairman and senior counselor of Citigroup
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Resigned his post in January 2009
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Served as a campaign advisor to Barack Obama
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Serves on several boards, including the Local Initiatives Support Corporation and Insight Capital Partners
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Wrote ''In An Uncertain World
Tough Choices from Wall Street to Washington in 2003CNN: Robert Rubin
