Word: rubinã
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Dynegy ended up passing on the Enron sale, but only because of the diligence of Dynegy’s own investment bankers in discovering the sad state of Enron’s finances. Enron declared bankruptcy soon after. Had Rubin??€™s alleged call to Moody’s been successful and led to the sale of Enron to Dynegy, Citigroup (together with J.P. Morgan, the other investment bank involved) would have made $90 million and Dynegy’s shareholders would have been stuck with Enron’s debts. If these allegations are proved true, Rubin will...
Some think picking Rubin to replace outgoing Senior Fellow Robert G. Stone Jr. ’45 is a savvy move. After all, Rubin??€™s protégé is the man in Mass. Hall—University President Lawrence H. Summers. Their tight relationship is famous in Washington circles: they have known and worked with each other for a quarter of a century. Rubin is credited with softening Summers’ rough edges and grooming him to ascend the government ladder—Summers was his deputy and successor at Treasury. Last year, when the University...
...Robert E. Rubin ’60 as the newest member of the Corporation. Rubin, University President Lawrence H. Summers’ predecessor as Secretary of the Treasury, is a respected social and intellectual leader whose appointment should add not only prestige but also drive to the Corporation. Rubin??€™s history of government service makes him a welcome appointment for a job that will require public-spirited leadership...
...first glance, Rubin??€™s appointment to the Corporation—which oversees the University President—might seem problematic due to Rubin??€™s close relationship with Summers. They were close friends in Washington, D.C., and Rubin was, by many accounts, a strong and influential advocate for Summers during last year’s presidential search. However, there is no evidence to suggest that Rubin??€™s appointment was made because of his connection to Summers; Rubin??€™s personal qualifications speak for themselves. The Corporation clearly felt that Rubin was a capable replacement...
...Rubin??€™s appointment, however, does raise some serious questions about the nature of search committees at Harvard. Many of the fears that Rubin was chosen mainly because of his personal connection with Summers could have been allayed by a transparent selection process...