Bill Cohan, Columnist

Bob Rubin's Coup Is Now Complete

Â Robert Rubin has completed the remarkable feat of placing five of his acolytes in key positions of power in the Obama administration.

May 30, 2013 at 5:16 PM UTC

By Bill Cohan

William D. Cohan, a Bloomberg View columnist, is the author of the forthcoming "The Price of Silence: The Duke Lacrosse Scandal, the Power of the Elite and the Corruption of Our Great Universities," as well as "Money and Power: How Goldman Sachs Came to Rule the World" and the New York Times best-sellers "House of Cards" and "The Last Tycoons." Cohan is a contributing editor at Vanity Fair and writes frequently for the Financial Times, Fortune, the Atlantic and the Washington Post. He worked on Wall Street as a senior mergers and acquisitions banker for 15 years. He also worked for two years at GE Capital. Cohan is a graduate of Duke University, Columbia University School of Journalism and Columbia University Graduate School of Business. "The Last Tycoons" won the 2007 Financial Times/Goldman Sachs Business Book of the Year Award.

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With the expected appointment of Jason Furman to become the new head of the Council of Economic Advisers, former Treasury Secretary Robert Rubin has completed the remarkable feat of placing five of his acolytes in key positions of power in the Obama administration.

Furman, a Harvard-trained economist who helped Rubin set up the Hamilton Project at the Brookings Institution, is just the latest Rubin mentee to get an important economic role with Obama. Others include: Treasury Secretary Jack Lew; Sylvia Mathews Burwell, the director of the Office of Management and Budget; Gene Sperling, the director of the National Economic Council; and Michael Froman, the nominee for U.S. Trade Representative.