Roger Altman: Difference between revisions

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{{Short description|American investment banker}}
{{Infobox officeholder
| name = Roger Altman
| office = 5th [[United States Deputy Secretary of the Treasury]]
| president = [[Bill Clinton]]
| term_start = January 20, 1993
| term_end = August 17, 1994
| predecessor = [[John E. Robson|John Robson]]
| successor = [[Frank N. Newman|Frank Newman]]
| birth_name = Roger Charles Altman
| birth_date = {{birth date and age|1946|4|2}}
| birth_place = {{nowrap|[[Brookline, Massachusetts|Brookline]], [[Massachusetts]], U.S.}}
| death_date =
| death_place =
| party = [[Democratic Party (United States)|Democratic]]
| spouse = {{marriage|[[Jurate Kazickas]]|1981}}
|education = [[Georgetown University]] ([[Bachelor of Arts|BA]])<br>[[University of Chicago]] ([[Master of Business Administration|MBA]])
| children = 3
| education = [[Georgetown University]] ([[Bachelor of Arts|BA]])<br>[[University of Chicago]] ([[Master of Business Administration|MBA]])
}}
'''Roger Charles Altman''' (born April 2, 1946)<ref>{{cite book|url=https://books.google.com/books?id=vEzWlAvDEf0C&q=%22Altman%2C+Roger+Charles%22&pg=PA9 |title=Encyclopedia of the Clinton Presidency |author=Peter B. Levy |year=2002 |page=9 |publisher=Greenwood Publishing |isbn=9780313312946 |access-date=2016-02-02}}</ref> is an American [[investment banker]], the founder and senior chairman of [[Evercore]], and a former [[Democratic Party (United States)|Democratic]] politician. He served as [[United States Assistant Secretary of the Treasury|
Assistant Secretary of the Treasury]] in the [[Carter administration]] from January 1977 until January 1981 and as [[United States Deputy Secretary of the Treasury|Deputy Secretary of the Treasury]] in the [[Clinton administration]] from January 1993 until he resigned in August 1994, amid the [[Whitewater controversy]].<ref name=resign>{{cite news|last1=Bradsher|first1=Keith|title=Altman Resigns His Post Amid Whitewater Clamor|url=https://www.nytimes.com/1994/08/18/us/altman-resigns-his-post-amid-whitewater-clamor.html|newspaper=[[The New York Times]]|date=18 August 1994}}</ref>
 
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===Return to private sector===
In 1995, instead of returning to Blackstone,<ref>''King of Capital'', pp. 121-23.</ref> he co-founded Evercore, an "independent [[investment banking]] advisory firm" in [[New York City]], and currently serves as its chairman. By 2014, Evercore was "a major player,"<ref>{{cite news|last1=Harrington |first1=Jeff|title=Roger Altman tells Tampa clients there's little to fear on the economic horizon |url=httphttps://www.tampabay.com/news/business/markets/roger-altman-tells-tampa-clients-theres-little-to-fear-on-the-economic/2202653/|work=Tampa Bay Times|date=October 17, 2014}}</ref> and its investment management arm had more than $14 billion in [[assets under management]], with its investment banking advisory arm boasting $1.5 trillion in "announced transactions."<ref>{{cite web|title=Overview: Evercore Partners |url=http://www.evercore.com/about|website=Evercore Partners|access-date=7 December 2014}}</ref> Evercore advised [[General Motors]] through its [[General Motors Chapter 11 reorganization|bankruptcy]], and was paid $46 million by GM pre-bankruptcy. However, when it asked for a $17.9 million "success fee," a U.S. bankruptcy trustee called the fees "staggering," "inordinately large," and "clearly [exceeding] the bounds of reasonableness" given that "Evercore had no success at finding a purchaser or funder for the Debtors."<ref>{{cite news|url=http://dailybail.com/home/goldman-alum-roger-altman-steals-46-million-from-taxpayers-l.html |title=Goldman Alum Roger Altman STEALS $46 Million From Taxpayers, Lobbies To Replace Larry Summers & Complete Government Sachs Round Trip #2 - Home |newspaper=[[The Daily Bail]] |date=2010-11-19 |access-date=2016-02-02}}</ref>
 
Politically, Altman continued to stay in the loop. He advised two presidential candidates—[[John Kerry]] in 2004,<ref>{{cite news|last1=Gongloff|first1=Mark|title=Kerry adviser a Whitewater casualty |work=CNN|date=3 March 2004 |url=https://money.cnn.com/2004/03/03/news/economy/altman/}}</ref> and [[Hillary Clinton]] in 2008.<ref>{{cite news|url=https://www.washingtonpost.com/wp-dyn/content/article/2006/05/29/AR2006052901029.html |title=Clinton Is A Politician Not Easily Defined |worknewspaper=Washington Post |date=30 May 2006 |access-date=2010-05-09 |first=Dan |last=Balz}}</ref> In 2010, President [[Barack Obama]] interviewed him as a potential candidate to replace [[Larry Summers]] as his [[United States National Economic Council|National Economic Council]] director,<ref name=obama/> a job that ultimately went to [[Gene Sperling]].<ref>{{cite news|author1=Lori Montgomery|title=Gene Sperling to replace Larry Summers as head of National Economic Council|worknewspaper=Washington Post|date=January 7, 2011 |url=https://www.washingtonpost.com/wp-dyn/content/article/2011/01/07/AR2011010705451.html}}</ref>
 
==Other activities==
Altman has sat on the Board of Trustees of [[New York-Presbyterian Hospital]] since 2006,<ref name=NYP>{{cite web|title=Hospital Leadership - Board of Trustees|url=http://nyp.org/about/board-trustees.html|publisher=New York Presbyterian|access-date=7 July 2019}}</ref> Vice Chairman of the Board of the [[American Museum of Natural History]], and Chairman of New Visions for Public Schools. Additionally, he is a member of the [[Council on Foreign Relations]], a Director of [[Conservation International]],<ref>{{cite web|title=Roger C. Altman: Founder and Executive Chairman|url=http://www.evercore.com/team/2/all/20/bio/34/about/Executive-Team|website=Evercore|access-date=7 December 2014}}</ref> and an Advisory Council member for The Hamilton Project, a [[Brookings Institution]] economic policy initiative.<ref>{{cite web|title=Advisory Council: Roger C. Altman|url=http://www.hamiltonproject.org/about_us/our_people/roger_c._altman/|website=The Hamilton Project|access-date=7 December 2014}}</ref>
 
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 to foster dialogue between Europe and North America. He participated in all their conferences between 2008 and 2016.<ref>{{cite web |url=http://www.bilderbergmeetings.org/steering-committee.html |title=Steering Committee |publisher=Bilderberg Meetings |access-date=2016-02-02 |archive-date=2014-05-21 |archive-url=https://archive.today/20140521120713/http://www.bilderbergmeetings.org/steering-committee.html |url-status=dead }}</ref><ref>{{cite web|url=https://www.scribd.com/doc/15684752/Bilderberg-Meeting-2009-Greece-Complete-Members-List |title=Bilderberg Meeting 2009 Greece Complete Members List |publisher=Scribd.com |access-date=2010-05-09}}</ref>
 
==Personal life==
His first marriage to Barbara ended in divorce, and he remarried at age 35 to journalist [[Jurate Kazickas]] in 1981. The Rev. James N. English of Holy Trinity Roman Catholic Church in [[Washington, D.C.]] performed the marriage ceremony at the San Luis Rey Chapel at [[Cat Cay]] in the [[Bahamas]].<ref>{{cite news| url=https://www.nytimes.com/1981/12/07/arts/jurate-kazickas-bride-of-roger-altman.html| newspaper=[[The New York Times]]| title=Jurate Kazickas Bride of Roger Altman | date=7 December 1981}}</ref> They adoptedhave three children. In 1992, he collapsed while jogging in [[Central Park]] due to an [[irregular heartbeat]].<ref name=double/> His hobbies include jogging, skiing, [[fly-fishing]], and tennis.<ref name=green/>
 
==Selected writings==
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{{s-aft|after=[[Frank N. Newman|Frank Newman]]}}
{{s-end}}
 
{{Blackstone Companies}}
{{Authority control}}
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[[Category:Private equity and venture capital investors]]
[[Category:Roxbury Latin School alumni]]
[[Category:The Blackstone GroupInc. people]]
[[Category:United States Deputy Secretaries of the Treasury]]
[[Category:University of Chicago Booth School of Business alumni]]