|28th Director of the Office of Management and Budget|
January 25, 1989–January 20, 1993
|President||George H. W. Bush|
|Preceded by||Joseph R. Wright, Jr.|
|Succeeded by||Leon E. Panetta|
|United States Deputy Secretary of the Treasury|
|Preceded by||R.T. McNamar|
|Succeeded by||M. Peter McPherson|
|White House Staff Secretary|
June 17, 1981–1985
|Preceded by||Richard G. Hutcheson III|
|Succeeded by||David L. Chew|
|Born||Richard Gordon Darman
May 10, 1943
Charlotte, North Carolina, U.S.
|Died||January 25, 2008
Washington, D.C., U.S.
|Spouse(s)||Kathleen Emmet Darman (m. 1967)|
|Children||William T. E. Darman
Jonathan W. E. Darman
C. T. Emmet Darman
|Alma mater||Harvard University|
|Occupation||Economist; Businessman; Government administrator|
Richard Gordon 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.
Life and career
Darman was born in Charlotte, North Carolina, the son of Eleanor F. and Morton H. Darman. His father was a textile mill owner. He attended Harvard University in 1964, and he married to the former Kathleen Emmet on September 1, 1967; they 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.
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 and White House Staff Secretary (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.
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.
Darman was a trustee of the Loomis Sayles Funds, the IXIS Funds, and the Howard Hughes Medical Institute. He served as Chairman of the Board of the Smithsonian National Museum of American History.
Darman died on January 25, 2008, at the age of 64, following a battle with acute myelogenous leukemia.
- Greene, John Robert (2000). The Presidency of George Bush. Lawrence: University Press of Kansas. p. 37. ISBN 0-7006-0993-8.
- "Appointment of Richard G. Darman as Assistant to the President and Deputy to the Chief of Staff". The American Presidency Project. Retrieved October 8, 2014.
- Who's Who in America (2007 ed.).
|Wikimedia Commons has media related to Richard Darman.|
Richard G. Hutcheson III
|White House Staff Secretary
David L. Chew
|United States Deputy Secretary of the Treasury
M. Peter McPherson
Joseph Robert Wright, Jr.
|Director of the Office of Management and Budget
Served under: George H.W. Bush