Explore Robert K. Steel net worth, age, height, bio, birthday, wiki, and salary! Robert King Steel, born August 3, 1951, is an American businessman and financier. He has also served as Deputy Mayor for Economic Development under Mayor Michael Bloomberg. He was also the chairman of the Aspen Institute and Duke University’s board of trustees. He was appointed to succeed Joseph R. Perella, the chief executive officer at Perella Weinberg Partners. Perella Weinberg Partners is a private asset management and investment banking firm. In this article, we will discover how old is Robert K. Steel? Who is Robert K. Steel dating now & how much money does Robert K. Steel have?
| Name | Robert K. Steel |
| First Name | Robert |
| Last Name | K. Steel |
| Occupation | Businessperson |
| Birthday | August 3 |
| Birth Year | 1951 |
| Place of Birth | Durham |
| Home Town | North Carolina |
| Birth Country | United States |
| Birth Sign | Leo |
| Full/Birth Name | |
| Father | Not Available |
| Mother | Not Available |
| Siblings | Not Available |
| Spouse | Gillian Steel |
| Children(s) | Not Available |
Robert K. Steel Biography
Robert K. Steel is one of the most popular and richest Businessperson who was born on August 3, 1951 in Durham, North Carolina, United States. Steel and Charles T. Harris III (an ex-partner at Goldman Sachs) founded SeaChange Capital Partners in 2004. This non-profit organization arranges transformative funding for exceptional nonprofit organizations that support low-income youth. It works with wealthy families and foundations to pool their resources and provide unrestricted support over a multi-year period for these organizations. SeaChange employs many private sector strategies to raise capital for non-profit organizations. Business Week featured SeaChange in its “Second Acts” column in February 2010.
Steel spent nearly 30 years at Goldman Sachs, rising to vice chair of the firm. He joined the Chicago office in 1976 and served as that office’s co-head of institutional sales. In 1987, he transferred to London, where he founded the Equity Capital Markets Group for Europe. At the time, Europe was privatizing major state-owned enterprises, like telecom, utility and energy interests, to transition to more market-driven economies. Steel was extensively involved in the privatization and capital-raising efforts for European corporations and governments. In 1988, he became partner in the firm. He later became head of Goldman Sachs Equities for Europe. In 1994, he relocated to New York and served as co-head of the Goldman Sachs Equities Division from 1996 to 2002 until his appointment as a vice chair of the firm. Upon his retirement from Goldman Sachs on February 1, 2004, he became advisory director and then senior director in December 2004.
Steel served on the Duke University Board of Trustees from 1996–2009. He became vice chairman in 2000, and on July 1, 2005, he succeeded Peter M. Nicholas as the first Durham native to chair the board since its founding as a university in 1924. He left when his term ended in 2009. Prior to becoming chair of the Board, Steel chaired the Duke University Management Company, the university’s investment arm.
Herbert Sturz was succeeded by Steel as second chairman of The After-School Corporation. This non-profit organization aims to give all children the opportunity to grow through after-school activities and summer programs that educate, support and inspire them. Steel was confirmed as Under Secretary to the Treasury and resigned his position as chairman. Robert D. Joffe succeeded him. Steel was reappointed as Deputy Mayor in 2008. He rejoined TASC board again in 2008.
Steel was appointed by a Republican president to his Treasury position. However, Steel does not consider himself an ideologue and has been criticized for his political independence. Steel hosted fundraisers at his house for John McCain. However, Bob Novak, a columnist, complained that Steel was “no Republican” citing that he had worked at Goldman Sachs with Clinton Treasury Secretary Robert Rubin and made campaign donations to Democrats in his home state, North Carolina, in 2002.
From February 2004 to September 2006, Steel was a senior fellow at the John F. Kennedy School of Government at Harvard University. He co-taught “Current Issues in U.S. Financial Markets Regulation.” He received an award from the university president for excellence in teaching. He also co-authored an op-ed in the Washington Post entitled “For Retirees, A Day of Reckoning.”
Robert K. Steel Net Worth
Robert is one of the richest Businessperson from United States. According to our analysis, Wikipedia, Forbes & Business Insider, Robert K. Steel's net worth $5 Million. (Last Update: January 13, 2024)
In 1973, he received his undergraduate degree at Duke. He majored in political science and history. In 1984, he received his Master of Business Administration degree at the University of Chicago.
| Net Worth | $5 Million |
| Salary | Under Review |
| Source of Income | Businessperson |
| Cars | Not Available |
| House | Living in own house. |
In 2006, Steel was named chairman of the board of the Aspen Institute, a non-profit organization that promotes values-based leadership and provides neutral venues for discussing and acting on critical issues. He first assumed the position in 2006, but took a leave of absence during his service as Under Secretary of the Treasury. He returned to the role in 2008, succeeding William E. Mayer. In this role, Steel oversees development of the Aspen Global Leaders Network, which provides leadership training to leaders under 40.
Steel was appointed Under Secretary for Domestic Finance at the United States Department of the Treasury on October 10, 2006 and served until July 9, 2008. He was the principal adviser to the secretary on matters of domestic finance and led the department’s activities regarding the U.S. financial system, fiscal policy and operations, governmental assets and liabilities, and related economic matters.
Ethnicity, religion & political views
Many peoples want to know what is Robert K. Steel ethnicity, nationality, Ancestry & Race? Let's check it out! As per public resource, IMDb & Wikipedia, Robert K. Steel's ethnicity is Not Known. We will update Robert K. Steel's religion & political views in this article. Please check the article again after few days.
During Steel’s term as chair, the board completed a $300 million financial aid initiative, saw record freshman applications, and completed several buildings on campus including the Nasher Museum of Art. Also during Steel’s term, the Duke campus experienced the false-rape charge known as the 2006 Duke University lacrosse case. Steel was criticized for not supporting the falsely-accused students and insisting that the legal proceedings take their course. When the charges were dismissed and the players were declared innocent, Steel for the first time said the players “deserve our respect for the honorable way they have conducted themselves during this long legal ordeal …. Much as we wish that these three young men…could have been spared the agony of the past year, we believe that it was essential for the university to defer to the criminal justice system.” In a suit by the lacrosse players, Steel is alleged to have helped suppress evidence of innocence to protect Duke’s image, ordering Duke police to falsify their records to make the players appear more guilty, and explaining, “Sometimes individuals have to suffer for the good of the organization”.
Who is Robert K. Steel Dating?
According to our records, Robert K. Steel married to Gillian Steel. As of January 13, 2024, Robert K. Steel’s is not dating anyone.
Relationships Record: We have no records of past relationships for Robert K. Steel. You may help us to build the dating records for Robert K. Steel!As economic conditions worsened in 2007 and 2008, Steel helped design the federal government’s response. In April 2008, Steel testified before the U.S. Senate Banking Committee regarding the rescue of Bear Stearns. Steel explained that although the Treasury had believed that the rescue of Bear Stearns was necessary, it had encouraged a low sale price so as not to encourage risky behavior by other large institutions.
Height, Weight & Body Measurements
Robert K. Steel height Not available right now. Robert weight Not Known & body measurements will update soon.
| Height | Unknown |
| Weight | Not Known |
| Body Measurements | Under Review |
| Eye Color | Not Available |
| Hair Color | Not Available |
| Feet/Shoe Size | Not Available |
From June 1, 2005 to October 11, 2006, Steel served on the board of directors of Barclays Plc. In 2005 he helped settle a conflict between Barclays’ commercial and investment divisions over who would serve a newly purchased South African bank. Treasury Secretary Henry Paulson later said of Steel: “He’s very good at smoothing over conflicts; and when there’s tensions, bringing the temperature down.”
In March 2007, Steel testified before the U.S. House Financial Services Committee on reform of the housing Government Sponsored Enterprises (GSEs), including Fannie Mae and Freddie Mac. He said that the regulatory system for these institutions “neither has the tools, nor the stature, to deal effectively with the current size, complexity, and importance of these enterprises.” He also testified that if GSEs are able to accomplish their mission, the risks must be managed and supervised. “Otherwise there may be a threat to their solvency, and importantly to the stability of other financial institutions and the strength of our economy,” he said. Steel also oversaw the creation of the Blueprint on Financial Services Regulation as part of an initiative to increase America’s capital market competitiveness.
Facts & Trivia
Robert Ranked on the list of most popular Businessperson. Also ranked in the elit list of famous people born in United States. Robert K. Steel celebrates birthday on August 3 of every year.
Steel was adamant that Wachovia would stay independent. However, by September 2008, market conditions had deteriorated severely. On September 26, Wachovia lost almost one percent of its deposits, leading regulators to force Wachovia to put itself up for sale. After an initial deal with Citigroup for $1/share, Steel and the Wachovia board accepted an offer to merge with Wells Fargo for $7/share. (Wells Fargo would be purchasing 100% of Wachovia; the Citi deal would have resulted in Wachovia shedding its commercial banking arm while retaining Wachovia Securities and Evergreen Investments.] This merger was more than the 100th merger in Wachovia’s history. The arrangement made Wells Fargo the second-largest retail brokerage in the United States.
You may read full biography about Robert K. Steel from Wikipedia.ncG1vNJzZmiZnKGzornOrqqboaKptaWt2GeaqKVfp7yjsdGtZKRlo6mypriO