44 Facts About Robert Rubin

Robert Edward Rubin was born on August 29,1938 and is an American retired banking executive, lawyer, and former government official.

Robert Rubin served as the 70th United States Secretary of the Treasury during the Clinton administration.

Robert Rubin was born on August 29,1938, in New York City to Jewish parents Sylvia and Alexander Robert Rubin.

Robert Rubin moved to Miami Beach, Florida, at an early age and graduated from Miami Beach High School.

Robert Rubin then attended Harvard Law School for three days before leaving to see the world.

Robert Rubin later attended the London School of Economics and received an LL.

Robert Rubin later served as co-chief operating officer, and became co-senior partner and co-chairman in 1990.

Robert Rubin served as New York finance chairman for the Walter Mondale presidential campaign in 1984 and headed the host committee for the 1992 Democratic National Convention in New York.

Robert Rubin served on the board of directors of the New York Stock Exchange, the US Securities and Exchange Commission Market Oversight and Financial Services Advisory Committee, and advisory panels for New York Gov.

From January 25,1993, to January 10,1995, Robert Rubin served in the White House as Assistant to the President for Economic Policy.

Robert S Strauss credited Rubin with making the system work.

Robert Rubin encouraged Clinton to focus on deficit reduction and he was "one of the chief architects" of Clinton's 1993 Deficit Reduction Act plan.

Robert Rubin was succeeded in early July 1999 as Treasury secretary by his deputy, Lawrence Summers.

Early in the Clinton administration, Robert Rubin touted a balanced budget and a strong dollar as a way for the Fed to lower interest rates.

Robert Rubin argued that a balanced federal budget's broad benefits to society outweighed concerns that one group could benefit more than others.

Robert Rubin was the Clinton administration's chief negotiator with a Republican-controlled Congress on the balanced-budget deal.

In 1998, Robert Rubin and Federal Reserve chairman Alan Greenspan opposed giving the Commodity Futures Trading Commission oversight of over-the-counter credit derivatives when this was proposed by Brooksley Born, then head of the CFTC.

Robert Rubin said the financial system "could benefit from better regulation of derivatives".

Robert Rubin said he had been concerned about derivatives' potential to create systemic risk since his time at Goldman Sachs.

Robert Rubin said Clinton still wished he had pursued legislation to regulate derivatives while confirming that he still believed he had received excellent advice on the economy and the financial system from Rubin and others during his presidency.

Robert Rubin was a leading advocate for investment in distressed rural and urban communities in the Clinton administration, from his time with the NEC, leading the effort to expand the Community Reinvestment Act, to his time at Treasury, where he advocated for more community development financial institutions to invest in inner cities and increase the CDFI Fund.

Robert Rubin assisted with the Clinton administration's plan to increase empowerment and enterprise zones across the US The initiative offered tax breaks for businesses investing in those zones.

Robert Rubin joined Citigroup in 1999 as chairman of the executive committee of the board.

Robert Rubin called a ranking Treasury Department official, unsuccessfully seeking the Bush Administration's help in forestalling the downgrade.

Robert Rubin later maintained that he had acted both as a Citigroup executive protecting his company's position and as a former Treasury official concerned about the impact that Enron's failure might have on the larger economy.

Robert Rubin rejected criticisms of a possible conflict of interest and has said that if faced with the same choice, he would do it again.

Robert Rubin briefly became chairman of Citigroup's board of directors from November 2007 to December 2007.

In December 2008, investors filed a lawsuit contending that Citigroup executives, including Robert Rubin, sold shares at inflated prices while concealing the firm's risks.

Between 1999 and 2009, Robert Rubin received total compensation, including employee stock options, of $126 million from Citigroup.

On July 1,2002, Robert Rubin became a member of Harvard Corporation, the executive governing board of Harvard University.

Robert Rubin served as a member of the Harvard Corporation board until June 2014, and as of 2018, served on its finance committee.

Robert Rubin's memoir, In an Uncertain World: Tough Choices from Wall Street to Washington, co-written by Jacob Weisberg, was a New York Times bestseller as well as one of Business Weeks ten best business books of 2003.

Robert Rubin is co-chairman emeritus of the Council on Foreign Relations.

Robert Rubin serves as a trustee of Mount Sinai Health System and as co-chair of the advisory board of the Peter G Peterson Foundation.

Additionally, Robert Rubin serves as a senior counselor at Centerview Partners, an investment banking advisory firm based in New York City.

Robert Rubin was a member of the Africa Progress Panel, a group of ten individuals who advocated for equitable and sustainable development in Africa by publishing seven annual reports between 2009 and 2015.

Robert Rubin served on the Global Citizenship Commission, convened by former British Prime Minister Gordon Brown, which reexamined and proposed an update to the United Nations' 1948 Universal Declaration on Human Rights.

Robert Rubin has advocated for fiscal discipline and public investment, and worked to turn the federal budget deficit to a surplus while Treasury Secretary.

Robert Rubin has advocated against high budget deficits and has been credited with developing the strong dollar policy that has been a cornerstone of US economic policy since his tenure at Treasury.

Robert Rubin has been described as a centrist, pro-business, "pro-growth Democrat" by The New York Times.

However, his policies have been criticized by some Republicans for not cutting taxes enough, while some Democrats have said that Robert Rubin's policies contributed to the 2008 financial crisis.

Robert Rubin has supported progressive tax measures and expanding earned income tax credits to benefit low- and middle-income Americans.

Robert Rubin has opposed tax cuts that disproportionately benefit high earners, including those enacted during the administrations of George W Bush and Donald Trump.

In January 2014, Secretary Robert Rubin joined former Senator Olympia Snowe, former Education Secretary Donna Shalala, former Secretary of State George Shultz, former Housing and Urban Affairs Secretary Henry Cisneros, Gregory Page the Chair of Cargill, and Al Sommer, the Dean Emeritus of the Bloomberg School of Public Health as members of the US Climate Risk Committee.