Word: wessels
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Dates: during 2000-2009
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...time there were a bunch of us in the Treasury conference room waiting for Summers to come brief us,” says David Wessel, a Journal reporter who took up Summers coverage after Murray was promoted. “Rubin walked in and he sat down and was sort of chatting with us the way he did often. Summers came to the door, and Rubin stood up very swiftly and said, ‘Ladies and gentlemen, the Treasury Undersecretary of the United States.’ Larry blushed, and Rubin said, “Larry thinks we should...
Letting a little air out of Larry’s ego in front of the press, Wessel says, was one of the weapons that Rubin used to “prod Larry into being wiser about how he treated people in public...
...treatment worked wonders, according to both Wessel and Murray, and in his whole career at the Treasury, Summers made only one serious public relations mistake, in a meeting during his tenure as deputy secretary about repealing the estate tax. The GOP had been trying to push the measure through Congress, and Summers told a group of reporters over lunch that there was no case for it “other than selfishness...
...Wessel says Summers was very upset about the amount of “play” the story got in the national press...
According to Wessel, such things never happened after 1999, when Summers was chosen to succeed Rubin as Treasury Secretary—the most powerful, high-profile position the economist had ever taken...