Sun Mar 2, 2008
The founder of Farallon faces scrutiny as he restructures his multistrategy firm - and his political ambitions mount.
The founder of Farallon faces scrutiny as he restructures
his multistrategy firm - and his political ambitions mount
By Carolyn Sargent
Standing on stage one evening last November at
San Francisco's Mark Hopkins Hotel to accept an Exemplary
Community Leadership award, Farallon Capital Management founder
Tom Steyer focused first on the obligatory platitudes. "I know
that my job is to say thank you to the people here," Steyer
said, quickly shifting his remarks to the political arena.
"I want to make one short commercial for an idea," Steyer
said, wearing a trademark red plaid tie and acknowledging
rather unselfconsciously that his "commercial" was unrelated to
his work with a community bank, for which he and his wife were
being honored. Criticizing the outgoing Bush administration for
lacking a strategy to get out of the financial crisis, Steyer
proclaimed that the United States cannot pull out of the
economic slump without rehauling...
ISSN: 2151-1845 / CDC10004H
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