Steven Rattner is the Chairman and Chief Executive Officer of Willett Advisors LLC, The investment arm for former New York Mayor Michael R. Bloomberg’s personal and philanthropic assets. In addition, he serves as the Economic Analyst on MSNBC’s Morning Joe and is a contributing writer to The New York Times Op Ed page. He previously 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.
Mr. Rattner wrote the book Overhaul: An Insider’s Account of the Obama Administration’s Emergency Rescue of the Auto Industry about his time as Counselor to the Secretary of the Treasury leading the Obama Administration’s successful restructure of the automobile industry. Before this, in 2000, Mr. Rattner formed Quadrangle Group LLC, a private investment firm that had more than $6 billion of assets under management. He was Managing Principal there until February 2009.
Before the start of his investment banking career, Mr. Rattner worked as a journalist for The New York Times for nine years, mostly as an economic correspondent in New York, London and Washington. In 1982, he joined Lehman Brothers and was then a Managing Director at Morgan Stanley before leaving to become a General Partner at Lazard Frères in 1989. While at Lazard Frères & Co., he served as Deputy Chairman and Deputy Chief Executive Officer.
Mr. Rattner has dedicated time to both public and philanthropic organizations as a board member or trustee. He was the Chairman of the Educational Broadcasting Corporation, a Fellow at Brown University and Chairman of the Mayor’s Fund to Advance New York City, among others. He is currently a member of the Council on Foreign Relations.
As a graduate of Brown University with honors in economics (1974), Mr. Rattner was awarded the Harvey Baker Fellowship. He is married to former State Department official Maureen White. They have four children.
“[a] surprisingly modest account…Rattner has a journalistic talent for the telling detail, resulting in a memorable tale of life in the middle of the economic meltdown...Rattner deftly draws portraits of the inhabitants of "the Oval" and the West Wing...Rattner has proved himself a gifted chronicler.”
-Time Magazine