Steven Rattner Can Understand Why You Might Think Larry Summers Would Be A Nightmare To Work For


He thought the same thing!

Sayeth Steve:

Let me start by getting the disclosure stuff out of the way. I’ve known Larry Summers for 20 years and have watched with particular interest as his multifaceted career has unfolded. More recently, I worked for him in the Obama administration, when he was director of the National Economic Council and I was the lead adviser on the auto bailout. As the debate has intensified over who should slide into Ben Bernanke’s chair as chairman of the Federal Reserve, Larry’s critics have been piling on, including dredging up examples of positions or decisions where they believe he was wrong. No one is perfect, but I score Larry’s batting average and qualifications at the top of the heap. There’s that extraordinary intelligence: the most brilliant, most analytical and most surgical brain of anyone I’ve ever encountered...Larry’s vivid and sometimes strong personality has been well chronicled. Even as a friend, I approached the prospect of serving under him with some trepidation. Boy, was I wrong. Working for him turned out to be stimulating, enjoyable and harmonious. I relished the give-and-take, the chance to watch that remarkable mind at work and the risk that if I said something undeniably stupid, he wouldn’t hide his displeasure.

The Right Leader For The Fed [NYT]