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Steven Lawrence Rattner
Born July 5, 1952 (1952-07-05) (age 57)
Great Neck, New York
Nationality  United States
Education Brown University
Occupation Private equity investor
Employer Quadrangle Group, Lazard Freres (prior)
Known for Founder of Quadrangle Group
U.S. Treasury Auto Industry Advisor during Automotive industry crisis of 2008–2009
Spouse(s) Maureen White Rattner

Steven Lawrence Rattner (born July 5, 1952) is an American financier and private equity investor. He is one of the four founding partners of the private investment firm Quadrangle Group, which invests media and communications companies globally. On February 23, 2009, the Wall Street Journal announced that Rattner would be named to the Treasury Department as auto industry adviser. The New York Times reported that he would be lead advisor and leader of the industry group for Treasury Secretary Timothy Geithner.[1]



A graduate of Brown University, Rattner started his career as a reporter with The New York Times, first at the Washington bureau, where he became close friends with Times' ownership-family member Arthur Sulzberger, who also was at the time working as a reporter; and then at the London bureau. Subsequently, Rattner quit journalism and joined Morgan Stanley, where he founded their Communications Group.

In 1989 Rattner joined Lazard Freres as a General Partner; he founded their Media and Communications Group. Rattner was one of the most influential media advisers at the time, completing various deals for giants such as Viacom and Comcast. In 1997 he became Lazard's deputy chairman and Deputy CEO, a new position.

Rattner stepped down from his senior management positions at Lazard Freres in 1999, and left the firm in 2000, with three other partners in that firm, to found media-focused private equity firm the Quadrangle Group.

In January 2008 it was reported that, through his friendship with Rattner, New York City Mayor Michael Bloomberg's extensive business interests were placed in "a sort of blind trust" because of Bloomberg's possible run for the presidency. Bloomberg would "continue to have control of and access to certain investment decisions."[2] Quadrangle will continue with its responsibilities for Bloomberg after Rattner's departure for the Treasury position. Bloomberg also strongly endorsed Rattner's Treasury appointment.[1]

In May, 2009, with the release of Rattner's financial disclosure report, it was revealed that prior to his appointment as head of the Presidential Task Force on the Auto Industry, Rattner was an investor in a Cerberus Capital Management auto-parts-companies' fund. Cerberus was then also the owner of Chrysler, a major focus of Rattner's Treasury job in the spring of '09. "The disclosure said that Mr. Rattner would divest any Cerberus holdings that presented a conflict, and a Treasury official confirmed that he had done so. 'Like all employees, Steven Rattner was required to comply with financial conflict of interest rules, including divestitures where needed, and he has done so fully,' said Jenni Engebretsen, a spokeswoman for the Treasury Department."[3]

Attorney General Investigation

The private equity firm Rattner co-founded is the focus of pay-to-play accusations made by the New York State Attorney General, and the Securities and Exchange Commission (SEC).[4] Rattner, as a Quadrangle executive, arranged a 1.1 million dollar fee to be paid to the now indicted Morris. Quadrangle subsequently received investments from the NY Pension fund.[5][6] According to the Wall Street Journal, Rattner was the "senior executive" of the SEC complaint in the probe of the alleged kickback scheme at New York state's pension fund.[7]


Rattner is married to Maureen White Rattner, the former National Finance Chair for the Democratic Party. They have four children.


  1. ^ a b "Rattner to Serve as Lead Adviser on Auto Bailout" by Michael J. de la Merced and Andrew Ross Sorkin, The New York Times "DealBook", Feb. 23, 2009 1:41 pm. Retrieved 2-23-09.
  2. ^ "Bloomberg Chooses a Friend to Manage His Fortune" by Andrew Ross Sorkin, The New York Times, Jan. 16. 2008. Retrieved 2-23-09.
  3. ^ "Auto Adviser to Obama Had Ties to Industry Fund" by Louise Story, The New York Times, May 27, 2009 (May 28, 2009 p. B5 of the NY ed.). Retrieved 7/9/09.
  4. ^ "MORRIS-LOGLISCI Indictment"
  5. ^ "Pension Scandals" TPM Muckraker, April 21, 2009,
  6. ^ "Obama Car Guru Steve Rattner"By Kate Pickert Monday, Time Online, Apr. 20, 2009
  7. ^ "Rattner Involved in Inquiry on Fees" by By PETER LATTMAN and CRAIG KARMIN, The Wall Street Journal Online, April 17, 2009,

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