Steve Rattner is the ultimate insider.
He began his career by rising to the top of the journalism world, as a reporter for the New York Times. Then he reached even more impressive heights on Wall Street, as an M&A advisor (Lehman and Lazard) and the founder of private-equity firm Quadrangle.
Then he was tapped by President Obama to restructure the basket-case US car industry.
Then, shockingly, earlier this year, he was named in an investigation into a New York State pension-fund kickback scandal.
Now, Steve Rattner remains a senior confidant and money manager for New York mayor Michael Bloomberg, who has fiercely defended him.
Steve recently published a book about his experience in Washington and Detroit – Overhaul: An Insider’s Account of the Obama Administration’s Emergency Rescue of the Auto Industry.
Here, we sit down with him for an exclusive interview discussing GM and the auto industry, TARP, the Quadrangle kickback scandal, and the intersection of Wall Street and politics.
Watch below the full half-hour interview. We’ll be publishing highlights from it over the next few days.
This interview is part of our Driven Leaders series, presented with limited commercial interruption.
Produced by Will Wei & Kamelia Angelova.
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