Newsmaker

Every Friday, we choose an alum who has been making headlines—for better or for worse.
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Robert Rubin ’64LLB

By the staff | 9:23am November 28 2008

Robert Rubin ’64LLB may have to turn to the sports page this week to find an article that doesn’t mention his name. The former treasury secretary under fellow Yale Law grad Bill Clinton ’73JD, Rubin is in the news as an adviser to President-elect Obama and as a mentor to the top members of Obama’s incoming economic team—including treasury secretary Timothy Geithner, senior White House economics adviser Lawrence Summers, and budget director Peter Orszag.

But Rubin is also taking hits because of his role as a director of Citigroup, where he and CEO Charles Prince were reported to have “played pivotal roles in the bank’s current woes, by drafting and blessing a strategy that involved taking greater trading risks to expand its business and reap higher profits.” What’s more, some are pointing fingers at Rubin for his support of deregulation during his term as treasury secretary. No word yet on a possible Rubin connection to the California wildfires.

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