Richard Darman
Richard Gordon Darman ( born May 10, 1943 in Charlotte, North Carolina; † January 25, 2008 in McLean, Virginia) was an American economist and business manager who finally as director of the Office of Management and Budget, U.S. President George HW Bush who convinced his " No new taxes pledge " ('Read my lips: no new taxes ') give up.
Life
Elliot L. Richardson of employees
After visiting the Rivers Country Day School in Weston (Massachusetts ) Darman studied from 1960 to 1964 at Harvard University and graduated with a Bachelor of Arts. A subsequent post-graduate studies in business administration at Harvard Business School, he finished in 1967 with a Master of Business Administration (MBA).
In the following years he worked in the private sector and then worked since 1970 in government service, where he was advisor to Elliot L. Richardson during his tenures as health, education and welfare minister, defense minister and the U.S. Attorney General was. Loyalty to Richardson was so great that Darman resigned from government service after President Richard Nixon Richardson instructed in October 1973 to dismiss the special prosecutor in the Watergate affair, Archibald Cox, this is but instead refused on 20 October 1973 by his minister resigned.
Subsequently, he was first an employee of the Woodrow Wilson International Center for Scholars, but returned in 1976 in the government service back after Elliot L. Richardson Trade Minister in the Cabinet of President Gerald Ford was. Darman itself was Under Secretary in the Ministry of Commerce ( Assistant Secretary of Commerce), and held that office until the end of Ford's presidency in January 1977.
Vice - Minister of Finance, OMB Director and Business Manager
Subsequently, he was a lecturer in public policy at the John F. Kennedy School of Government at Harvard University, before following the election of Ronald Reagan as president in 1981 and his assistant was held this function from 1981 to 1985. He then served as the second term of Reagan 's deputy finance minister (U.S. Deputy Secretary of the Treasury ) and in that capacity until 1987 closest advisor of his close friend James Baker.
In 1987 he returned briefly in the private sector and was until 1989 Managing Director of Lehman Brothers. After that he was appointed in the cabinet of President George HW Bush in January 1989 as Director of the Office of Management and Budget ( OMB ) and remained in this position until the end of Bush's term in January 1993. Doing so, he received particular respect and recognition in 1990 when he the "no new taxes pledge " ('Read my lips: no new taxes ') of the President sharply criticized him and finally brought to abandon this promise in view of the economic situation.
After the end of Bush's term in office, he moved again to the private sector, and from 1993 until his death Partner and Senior Advisor to the Carlyle Group, one of the largest U.S. private equity firm based in Washington, DC. Recently, he was also 2003-2008 Chairman of the Board of Directors of AES Corporation. In addition, Darman, who was also a member of the boards of directors of the IXIS Advisor Funds and the Committee for a Responsible Federal Budget ( CRFB ) committed, the Council on Foreign Relations and the Trilateral Commission.
At times was Darman, died of leukemia, also a professor of public service at Harvard University.