Steven Rattner, chairman of Willett Advisors, the investment arm for former New York Mayor Michael Bloomberg's private and philanthropic assets, sat down with CNBC's Mike Santoli to discuss the investing landscape after the U.S. presidential election. Rattner is married to Maureen White, who served for 5 years as finance chair for the Democratic Nationwide steven rattner Committee and is now the Senior Advisor on Humanitarian Points to the Particular Representative-Afghanistan and Pakistan for the U.S. Department of State. Yet when Rattner was at Quadrangle, the firm paid an advisor to help win pension fund business.
While Rattner was never charged criminally, some others who have been involved in the same scheme, such as former New York comptroller Alan Hevesi, were. In 2009, Rattner worked as the lead auto adviser to the U.S. Treasury Secretary to help General Motors ( GM ) and Chrysler ( FCAU ) get out of bankruptcy. Rattner additionally paid $10 million in fines to the Securities and Exchange Fee in 2010 for alleged involvement in a New York State pension fund scandal. In his Instances op-ed, Rattner cherry-picks information to support his predetermined conclusion about Fiorina's unfitness as a CEO at Hewlett-Packard, Concha says.
In April 2010 when Quadrangle settled with the Attorney Basic's office over the case of attracting pension fund money, it stated that Rattner conduct was inappropriate, improper and unethical.” However that battle seemed properly previously to 1 attendee the night who stated the dinner felt like a popping out celebration reflecting Rattner's dedication to place the past behind him.