Word: rubiner
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Dates: during 2000-2009
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Although Robert E. Rubin ’60 was not a direct employee of Enron, he was chair of Citigroup, Enron’s largest creditor and a defendant in a recent lawsuit brought by Enron shareholders. As secretary of the treasury under President Bill Clinton, Rubin exchanged friendly letters with Enron chair Kenneth Lay. When Enron’s finances started to slip, Rubin placed a now-infamous call to Peter Fisher, his former employee at Treasury, to seek assistance for the energy giant...
...fact, Rubin used his position at the treasury department to directly promote Enron’s business agenda. According to the Financial Times, when Enron wanted to build a power plant in Dahbol, India and the Indian government objected, Rubin interceded to help push the deal through. According to Human Rights Watch, the plant encountered such powerful opposition from the local population that Enron had to pay the local police to control protestors. Now, thanks in part to Rubin’s intervention, the plant is the largest in India...
Rubin’s and Winokur’s entanglements with Enron are symptomatic of more fundamental problems in the Harvard Corporation. Rubin represents the same corporate interests as the elites he is joining. He stands for the same logic behind Harvard’s heavy-handed expansion into Allston and its exploitation of the workers that sustain our community. Harvard is primarily an educational and research institution, and yet the people who govern it—with the exception of former University of Chicago President Hanna H. Gray—can hardly claim to be qualified as academics...
...Rubin replaces, Senior Fellow of the Harvard Corporation Robert G. Stone Jr. ’45, has recognized publicly that the Corporation needs someone from inside the academic community. Stone told The Crimson that, “We’ll probably be looking at what void there is on the Corporation, whether we need a scientist or an academician...
...Rubin...