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Silda Wall Spitzer becomes the family breadwinner

By A. James Memmott

December 3, 2008 at 11:00am

Her husband out of a job, Silda Wall Spitzer has gone to work for a New York City hedge fund.

New York magazine recently reported that Wall Spitzer, 50, the wife of former New York Gov. Eliot Spitzer, started with Metropolitan Capital Advisors, Inc., in October.

She’ll work on business development and strategy at Metropolitan, a firm founded in 1992 by Karen Finerman, a contributor to “Fast Money” on CNBC.

Silda Wall Spitzer
Silda Wall Spitzer

Finerman is married to Lawrence E. Golub, the founder and president of Golub Capital, a private investment firm.

He’s a longtime friend of Eliot Spitzer, who resigned as governor in March after it was revealed that he was a frequent patron of high-priced prostitutes.

Golub and Spitzer were classmates at Horace Mann School in New York City and again at Harvard Law School, where Wall Spitzer was also a member of the class of 1984.

When Spitzer ran for governor in 2006, Golub and Finerman together contributed $102,000.

As governor, Spitzer also picked Golub to serve on the New York State Financial Control Board.

Wall Spitzer has never worked for a hedge fund, but she has experience in the law and in banking.

After law school, she joined the law firm of Skadden, Arps, Slate, Meagher & From, where she focused on mergers and acquisitions.

She moved from there to Chase Manhattan Bank, where she was in the international law group.

Wall Spitzer, the mother of three daughters, left the corporate world in 1994, the year her husband made an unsuccessful attempt to become New York’s attorney general.

Four years later, Eliot Spitzer was elected attorney general. He was re-elected in 2002. In office, he established his reputation as a crusader against white-collar crime and securities fraud.

Silda Wall glumly stood by her husband’s side when he announced his resignation as governor.

Since then, she has been in the news occasionally, as she was in May when she attended a benefit that raised $1.4 million for Children for Children, a charity she founded in 1996.

The Daily News enthusiastically reported that Wall Spitzer was “the belle of the ball” and “danced the night away.” Meanwhile, “her disgraced husband sat home in their Fifth Ave. apartment,” the newspaper reported.

The disgraced husband has been getting out a little more since federal authorities decided in early November not to charge him with any criminal acts connected to his hiring of prostitutes.

On Nov. 16, The Washington Post published an op-ed piece by Spitzer in which he gave President-elect Barack Obama some advice on how to better regulate the financial markets.

New York magazine reported that Spitzer might expand these thoughts into a book.

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