Rattner Nudged Out the Door
It's the of the line for Steve Rattner, the high-profile financier who once managed Michael Bloomberg's fortune, was once rumored to be a candidate for Treasury secretary, but ended up with responsibility for President Obama's auto task force instead. Back in April, the private equity firm that Rattner co-founded, Quadrangle Group, was tied to the pension kickback scheme now under investigation by Andrew Cuomo; now comes word that Rattner is out of a job and heading back home: "The administration said Mr. Rattner decided to return to private life and his family in New York City." [WSJ]