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Muckety mover - Steven Rattner

By Muckety

February 25, 2009 at 11:10am
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In the 1980s, when Steven Rattner left the New York Times for Wall Street, a lot of journalists groused that he had sold out. Some were heartbroken.

People in the news biz probably should have paid closer attention.

Many of them are now unemployed, while Rattner, having made his fortune, is heading to a new circle of power in the Obama administration.

He is leaving the hedge fund he started, Quadrangle Group, to become “counselor to the secretary” of the White House task force on the auto industry.

Not exactly the car czar, but a lot more exciting than looking for freelance work.

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