2011-2012 Season

Overhaul: An Insider’s Account of the Obama Administration’s Emergency Rescue of the Auto Industry

 Steven  Rattner

Steven Rattner
Former Counselor to the Secretary of the Treasury and Lead Auto Advisor
Author, “OVERHAUL: An Insider's Account of the Obama Administration's Emergency Rescue of the Auto Industry”

View Biography

Steven Rattner, who was head of the Auto Task Force and led the restructurings of General Motors and Chrysler, will talk about the government’s decision to rescue the companies and how difficult choices were made. He will also provide his perspective on how the companies have performed since exiting bankruptcy and what the prospects are for the American auto industry amidst increasing global competition.
  • Meeting Date: Thursday, December 15, 2011
  • Time: 11:30 a.m.
  • Location: The Masonic


 Stephen R. Polk

Stephen R. Polk Chairman, President & CEO
Highgate LLC


 Tom   Walsh

Tom Walsh Former Business Columnist
Detroit Free Press


Speaker Biography

Steven Rattner   
Steven Rattner is Chairman of Willett Advisors LLC, the investment arm for New York Mayor Michael R. Bloomberg’s personal and philanthropic assets. In addition, he is a Contributing Writer for the Op-Ed page of The New York Times, the author of a monthly column for the Financial Times and the Economic Analyst for MSNBC’s Morning Joe.

Previously, Mr. Rattner served as Counselor to the Secretary of the Treasury and led the Obama Administration’s successful effort to restructure the automobile industry, which he chronicled in his book, Overhaul: An Insider’s Account of the Obama Administration’s Emergency Rescue of the Auto Industry.

Until February 2009, Mr. Rattner was Managing Principal of Quadrangle Group LLC, a private investment firm that under his leadership, had more than $6 billion of assets under management. Before forming Quadrangle in 2000, Mr. Rattner was with Lazard Frères & Co., where he served as Deputy Chairman and Deputy Chief Executive Officer. Mr. Rattner joined Lazard Frères in 1989 as a General Partner from Morgan Stanley, where he was a Managing Director. Before beginning his investment banking career in 1982 with Lehman Brothers, Mr. Rattner was employed by The New York Times for nearly nine years, principally as an economic correspondent in New York, Washington and London.

Mr. Rattner has served as a board member or trustee of a number of public and philanthropic organizations including the Educational Broadcasting Corporation (Chairman), Metropolitan Museum of Art, Brown University (Fellow), Mayor’s Fund to Advance New York City (Chairman), Brookings Institution and the New America Foundation. He is a member of the Council on Foreign Relations.

Mr. Rattner graduated in 1974 from Brown University with honors in economics and was awarded the Harvey Baker Fellowship. Mr. Rattner, 59 years old, is married to Maureen White, who is a State Department official, and they have four children.