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Rubin Keeps Trader's Cool In Asian Crisis; With Eye on Market, `Calm' Is Watchword
- Article from:
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The Washington Post
- Article date:
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December 13, 1997
- Author:
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Copyright informationCopyright 1997 The Washington Post. This material is published under license from the Washington Post. All inquiries regarding rights should be directed to the Washington Post. (Hide copyright information)
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If anyone in Washington had forgotten that Treasury Secretary
Robert E. Rubin earned his pinstripes as a top trader at one of the
most powerful investment banks on Wall Street, the past few weeks
have been a reminder.
With South Korea struggling to avoid the collapse of its
banking system, the giant Japanese economy faltering, and stock and
currency values throughout the rest of Asia gyrating wildly, Rubin
has maintained an almost eerie calm.
Invisibility in times of crisis has become a hallmark of
Rubin's management style. He has said almost nothing publicly about
the turmoil raging through Asia. The few statements he has made have
been worded carefully. And he has kept to his ...
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