Richard Darman

From Wikipedia, the free encyclopedia
Jump to: navigation, search
Richard G. Darman
Richard Darman.jpg
Darman at a NSC meeting
Director of the Office of Management and Budget
28th
In office
January 25, 1989 – January 20, 1993
Preceded by Joseph R. Wright, Jr.
Succeeded by Leon E. Panetta
Personal details
Born (1943-05-10)May 10, 1943
Charlotte, North Carolina, U.S.
Died January 25, 2008(2008-01-25) (aged 64)
Washington, D.C., U.S.
Resting place None
Nationality American
Political party Republican
Spouse(s) Kathleen Emmet Darman
(m. 1967 - 2008, his death)
Children William T. E. Darman
Jonathan W. E. Darman
C. T. Emmet Darman
Alma mater Harvard University
Occupation Economist; Businessman; Government administrator

Richard Gordon "Dick" Darman (May 10, 1943 – January 25, 2008) was an American businessman and government official who served in senior positions during the presidencies of Ronald Reagan and George H. W. Bush.

Biography[edit]

He was born in Charlotte, North Carolina. His father was a textile mill owner. He attended from the Harvard University in 1964, and he married to the former Kathleen Emmet on September 1, 1967; they we're had three sons, William T. E., Jonathan W. E. and C. T. Emmet Darman.

Darman was regarded as provocative and intelligent by Washington insiders, but was criticized by some economists for being too focused on the budget deficit and was sometimes blamed for convincing Bush to renege on his promise of "Read my lips: No new taxes", which is widely believed to have contributed to Bush's defeat in the election of 1992. Darman had previously tried to stop Bush from making the promise during the 1988 campaign.[1]

Prior to serving as Director of the Office of Management and Budget under the first President Bush from 1989 to 1993, Darman held other governmental positions, including: Assistant to the President of the United States (1981–85); Deputy Secretary of the Treasury (1985–87); and Assistant Secretary of Commerce (1976–77). He also was a member of the faculty of Harvard Kennedy School on three different occasions between 1977 and 2002.

Darman graduated with honors from Harvard College in 1964 and from the Harvard Graduate School of Business Administration in 1967. He was married to the former Kathleen Emmet. They had three sons.

Since May 1, 2003, Darman had been Chairman of the Board of AES Corporation, an electric utility company.

From 1993 until his death in 2008, Darman was a partner and managing director of the Carlyle Group. During that period, Carlyle went from being a small firm with 26 employees to one of the world's largest and most successful private equity firms.

Mr. Darman was a Trustee of the Loomis Sayles Funds, IXIS Funds, and the Howard Hughes Medical Institute. He served as Chairman of the Board of the Smithsonian National Museum of American History. Some sources suggest that Darman was also a member of the Trilateral Commission.

Darman died on January 25, 2008, at the age of 64, from the following a battle with acute myelogenous Leukemia.

Notes[edit]

  1. ^ John Robert Greene The Presidency of George Bush. pg. 37

References[edit]

  • Who's Who in America, 2007 edition

Further reading[edit]

External links[edit]

Political offices
Preceded by
Joseph Robert Wright, Jr.
Director of the Office of Management and Budget
Served under: George H.W. Bush

1989–1993
Succeeded by
Leon Panetta