Rubin's Street Wise Hire

Treasury Secretary Robert E. Rubin has tapped Assistant Defense Secretary Joshua Gotbaum to develop economic policy for Treasury. At the Pentagon, the ex-partner at Lazard Frres & Co. analyzed the impact of the defense industry's restructuring. Gotbaum is not an economist, but former Goldman Sachs & Co. chief Rubin is partial to his Wall Street experience. Gotbaum would succeed Alicia H. Munnell, now a White House economic adviser.

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