Roger Altman

Roger Charles Altman (born April 2, 1946)[1] is an American investment banker, private equity investor and former United States Deputy Secretary of the Treasury who served under Bill Clinton.

Contents

Early life and career

Altman holds a B.A. from Georgetown University and an M.B.A. from the University of Chicago Booth School of Business.

He was a general partner of Lehman Brothers from 1974 to 1977.[2] From 1977 to 1981 he served as the Assistant Secretary of the United States Department of the Treasury, during which time he helped oversee the then-troubled financial affairs of Chrysler. In 1981, he returned to Lehman Brothers, where he became the co-head of investment banking and served on the board of the company and the management committee. During the 1980s, he was a lecturer and adjunct professor at the Yale School of Management. In 1987, Altman joined the newly-formed Blackstone Group as vice-chairman, head of its mergers and acquisitions advisory business and a member of the investment committee.[3]

Altman served as the Deputy Treasury Secretary, before resigning in 1994 following a record-keeping scandal.[4][5] In 1996, instead of returning to Blackstone,[6] he co-founded Evercore Partners, a boutique advisory and private equity investment firm in New York City, and currently serves as firm's Chairman.

Altman has served as advisor to two presidential candidates: John Kerry in 2004,[7] and Hillary Clinton in 2008.[8]

Altman is founder and chairman of Evercore Partners, which advised on the GM deal. Evercore, after being paid $46 million by GM pre-bankruptcy, asked for a $17.9 million "success fee." A U.S. bankruptcy trustee termed the fees "staggering" and "inordinately large" and said it "clearly exceeds the bounds of reasonableness" given that "Evercore had no success at finding a purchaser or funder for the Debtors."[9]

Altman is married to journalist Jurate Kazickas.

Bilderberg Group

Altman is listed as a member of the Steering Committee of The Bilderberg Group, a controversial group of influential business and government leaders who meet annually behind closed doors under a media blackout to discuss world issues.[10] In 2009, Altman was on the list of Bilderberg conference attendees in Greece.[11]

References

  1. ^ [1]
  2. ^ Portfolio.com - Executive Profiles
  3. ^ David Carey and John E. Morris, King of Capital: The Remarkable Rise, Fall and Rise Again of Steve Schwarzman and Blackstone (Crown 2010), pp. 57-58
  4. ^ [2] CNN Cast of Characters 1999]
  5. ^ [3] CNN The RTC Investigation July 7, 1997
  6. ^ King of Capital, pp. 121-23.
  7. ^ [4] SourceWatch encyclopedia of people Roger C. Altman
  8. ^ Balz, Dan (2006-05-30). "Clinton Is A Politician Not Easily Defined". washingtonpost.com. http://www.washingtonpost.com/wp-dyn/content/article/2006/05/29/AR2006052901029.html. Retrieved 2010-05-09. 
  9. ^ http://dailybail.com/home/goldman-alum-roger-altman-steals-46-million-from-taxpayers-l.html,retrieved 12/13/2010
  10. ^ http://www.bilderbergmeetings.org/governance.html
  11. ^ "Bilderberg Meeting 2009 Greece Complete Members List". Scribd.com. http://www.scribd.com/doc/15684752/Bilderberg-Meeting-2009-Greece-Complete-Members-List. Retrieved 2010-05-09. 

External links

Government offices
Preceded by
???		 United States Deputy Secretary of the Treasury
1993 – 1994		 Succeeded by
Frank N. Newman
Investment strategy
History
Investor types
Private equity investors · Venture capitalists · Corporate raiders