Rubin, Robert Edward
Rubin, Robert Edward(ro͞o`bĭn), 1938–, U.S. business executive and government official, b. New York City. A graduate of Harvard, he attended the London School of Economics before receiving his law degree from Yale in 1964. After briefly practicing law, Rubin joined (1966) the investment firm of Goldman, Sachs & Co., where he become (1971) a partner and eventually (1990–93) cochairman of the firm. He served as director (1993–94) of the National Economic Council under President Bill ClintonClinton, Bill
(William Jefferson Clinton), 1946–, 42d President of the United States (1993–2001), b. Hope, Ark. His father died before he was born, and he was originally named William Jefferson Blythe 4th, but after his mother remarried, he assumed the surname of his
..... Click the link for more information. and in 1995 succeeded Lloyd BentsenBentsen, Lloyd Millard, Jr.,
1921–2006, American political leader and U.S. secretary of the treasury (1993–94), b. Mission, Tex. He received a law degree from the Univ. of Texas in 1942 and served as a B-24 squadron commander during World War II.
..... Click the link for more information. as treasury secretary. During his tenure, Rubin worked to stabilize the value of the dollar. He held the post during a long boom, and some analysts credit his policies for the massive U.S. economic growth of the late 1990s. He resigned in 1999 and was succeeded by his deputy, Lawrence SummersSummers, Lawrence Henry,
1954–, U.S. economist, government official, and educator, b. New Haven, Conn. Educated at the Massachusetts Institute of Technology (MIT) and Harvard, he taught at MIT and in 1983 became the youngest tenured professor in Harvard's history.
..... Click the link for more information. . He later joined (1999–2009) the Citigroup financial services company as senior counselor and a director and served Citigroup's interim chairman in 2007 as the company sought to recover from financial losses involving mortgage-related securities. His advocacy of Citigroup's investment in such complex investments tarnished his financial reputation. Rubin detailed his approaches to economics in his book In An Uncertain World (2003).