Rattner leaves auto task force
Posted Tuesday, Jul 14, 2009, 2:09 pm in Employee News
CNNMoney reports that Steve Rattner, the Obama administration’s point man on auto industry bankruptcy negotiations, is returning to the private sector.
Ron Bloom will become the administration’s top auto adviser, according to the story. Bloom is a former investment banker who worked as an adviser to the United Steel Workers union before joining the Obama administration.
“With the emergence of both General Motors and Chrysler from bankruptcy, we enter a new phase of the government’s unprecedented and temporary involvement in the automotive industry,” Treasury Secretary Timothy Geithner said in a statement quoted in the story.
CNNMoney says Rattner has decided to return to the private sector and move back to New York, where he lived before joining the administration in late February. (CNNMoney)
Posted Tuesday, Jul 14, 2009, 2:09 pm in Employee News
CNNMoney reports that Steve Rattner, the Obama administration’s point man on auto industry bankruptcy negotiations, is returning to the private sector.
Ron Bloom will become the administration’s top auto adviser, according to the story. Bloom is a former investment banker who worked as an adviser to the United Steel Workers union before joining the Obama administration.
“With the emergence of both General Motors and Chrysler from bankruptcy, we enter a new phase of the government’s unprecedented and temporary involvement in the automotive industry,” Treasury Secretary Timothy Geithner said in a statement quoted in the story.
CNNMoney says Rattner has decided to return to the private sector and move back to New York, where he lived before joining the administration in late February. (CNNMoney)