Skip Navigation

Close and don't show again.

Your browser is out of date.

You may not get the full experience here on National Journal.

Please upgrade your browser to any of the following supported browsers:

Emanuel: I Specialized In 'Relationship Banking' Emanuel: I Specialized In 'Relationship Banking'

This ad will end in seconds
Close X

Not a member? Learn More »

Forget Your Password?

Don't have an account? Register »

Reveal Navigation

 

Politics

Emanuel: I Specialized In 'Relationship Banking'

February 8, 2011

Rahm Emanuel isn't inclined to discuss his work as an investment banker as he campaigns for mayor of Chicago. But Emanuel's opponents have raised questions about his stint with Wasserstein Perella & Co, where Emanuel reportedly earned $18.5 million in just two and a half years after leaving the Clinton White House.

"I defy you to tell me anybody you know who jumped out of government into a business for which he had no credentials or background, made $18.5 million in two years and then jumped back into government," said former Chicago Public Schools president Gery Chico, one of Emanuel's main challengers in the race.

Emanuel responded by telling the Chicago Sun-Times that he specialized in "relationship banking."

"There is, in that culture, two types of bankers: a person who knows the numbers, industry specific; and a person who kind of also deals with relationships," Emanuel said. "I was what was considered, at that time, although I don't think this is really interesting, relationship banking, and that's what I did."

Considered the heavy favorite in the race, Emanuel needs more than 50 percent of the vote in the Feb. 22 primary to avoid a run-off. In the meantime, don't expect much discussion of Rahm's banking experience coming from the Emanuel campaign.

Job Board
Search Jobs
Digital and Content Manager, E4C
American Society of Civil Engineers | New York, NY
PRODUCT REVIEW ENGINEER
American Society of Civil Engineers | CA
Neighborhood Traffic Safety Services Intern
American Society of Civil Engineers | Bellevue, WA
United Technologies Research Fellow
American Society of Civil Engineers | New York, NY
Process Engineering Co-op
American Society of Civil Engineers | Conshohocken, PA
Electrical Engineer Co-op
American Society of Civil Engineers | Findlay, OH
Application Engineer/Developer INTERN - Complex Fluids
American Society of Civil Engineers | Brisbane, CA
Application Engineer - Internships CAE/CFD Metro Detroit
American Society of Civil Engineers | Livonia, MI
Chief Geoscientist
American Society of Civil Engineers
Application Engineer - Internships CAE/CFD Metro Boston
American Society of Civil Engineers | Burlington, MA
Professional Development Program Engineer
American Society of Civil Engineers | Farmington Hills, MI
Civil Enginering Intern - Water/Wastewater/Site-Development
American Society of Civil Engineers | Sacramento, CA
Staff Accountant
American Society of Civil Engineers | Englewood, CO
Biomedical Service Internship Position
American Society of Civil Engineers | Flint, MI
Comments
comments powered by Disqus