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Robert E. Rubin

111 bytes added, 05:04, 24 December 2009
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'''Robert E. Rubin''' served as a high level executive at [[Goldman Sachs]] from 1966 to 1992. He served as Secretary of the Treasury under [[William Jefferson Clinton]]. Following his term as treasury Secretary Rubin joined [[Citigroup]] in 1999 as an adviser to the bank’s senior executives and from November to December 2007 he served temporarily as Chairman.<ref>Eric Dash and Louise Story, [http://www.nytimes.com/2009/01/10/business/10rubin.html?_r=1&hp Rubin Leaving Citigroup; Smith Barney for Sale], NY Times, January 9, 2009.</ref>
Rubin pushed for the repeal of [[Glass-Steagall]], the depression era law that separated commercial banks from investment banks so that bankers could not with depositor savings. After [[Citibank]] and Travelers Group merged making one of the largest banking insurance conglomerates in the world, Rubin went to work for Citi, making over $17,000,000 in compensation from Citigroup and a further $33,000,000 in stock options as of 2008. Rubin also supported deregulation and internationalization of the derivatives market, and was a key player in negotiating the Uruguay Round which resulted in the creation of the WTO and binding deregulatory rules in at the WTO in the FS sector.{{fact}}
 
==Role in the financial crisis==
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==Council on foreign relations==
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