Richard Darman

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Person.png Richard Darman   SourcewatchRdf-entity.pngRdf-icon.png
(businessman, deep state functionary)
Richard Darman 1983 9.jpg
BornRichard Gordon Darman
May 10, 1943
Charlotte, North Carolina, U.S.
DiedJanuary 25, 2008 (Age 64)
Washington DC, U.S.
Cause of death
acute myelogenous leukemia
Alma materHarvard University
SpouseKathleen Emmet
Member ofCouncil on Foreign Relations/Historical Members, Trilateral Commission
InterestsElliot L. Richardson
A panelist of the session on The Public Sector And Economic Growth at the 1987 Bilderberg

Employment.png Director of the Office of Management and Budget Wikipedia-icon.png

In office
January 25, 1989 - January 20, 1993
Succeeded byLeon Panetta

Employment.png White House Staff Secretary

In office
June 17, 1981 - February 1, 1985
Preceded byDavid Gergen

Richard G. Darman was an American businessman and government official who served in senior positions during the presidencies of Ronald Reagan and George H. W. Bush. He was a panelist of the session on The Public Sector And Economic Growth at the 1987 Bilderberg.[1] Later he worked for the Carlyle Group. He was a member of the Council on Foreign Relations as well as the Trilateral Commission.

Early life

Darman was born in Charlotte, North Carolina, the son of Eleanor F. and Morton H. Darman.[2] His father was a textile mill owner.

After attending the Rivers Country Day School in Weston (Massachusetts), Darman studied at Harvard University from 1960 to 1964, graduating with a Bachelor of Arts degree. He then completed postgraduate studies in business administration at Harvard Business School in 1967 with a Master of Business Administration (MBA).


He subsequently worked in private industry and then in government service from 1970, becoming an advisor to Elliot L. Richardson during his tenures as Secretary of Health, Education and Welfare, Secretary of Defense and US Attorney General. Such was his loyalty to Richardson that Darman resigned from government service after President Richard Nixon ordered Richardson in October 1973 to fire the special counsel in the Watergate affair, Archibald Cox, but he instead refused on October 20, 1973 resigned from his ministerial post.

He then became a staff member at the Woodrow Wilson International Center for Scholars, but returned to government service in 1976 after Elliot L. Richardson became Secretary of Commerce in President Gerald Ford's cabinet. Darman held several governmental positions under James Baker, including as Assistant Secretary of Commerce (1976–77). After the defeat of Gerald Ford, Darman became a member of the faculty of Harvard Kennedy School, to which he would return on two occasions between 1977 and 2002.

When Baker became White House Chief of Staff under President Reagan, Darman returned to serve as Assistant to the President of the United States and White House Staff Secretary[3] (1981–85), before following Baker to the Treasury Department as Deputy Secretary of the Treasury (1985–87).

Prior to joining the Bush administration, he was a managing director of Shearson, Lehman Brothers.[4] Darman served as Director of the Office of Management and Budget for the entire presidency of the first President Bush. Darman was regarded as provocative and intelligent by Washington insiders but was criticized by some economists for being too focused on the budget deficit and was sometimes blamed for convincing Bush to renege on his promise of "Read my lips: No new taxes," which is widely believed to have contributed to Bush's defeat in the election of 1992.[5] Darman had previously tried to stop Bush from making the promise during the 1988 campaign.[6]

From 1993 until his death in 2008, Darman was a partner and managing director of The Carlyle Group. During that period, Carlyle went from being a small firm with 26 employees to one of the world's largest and most successful private equity firms.

Darman was a trustee of the Loomis Sayles Funds, the IXIS Funds, and the Howard Hughes Medical Institute. He was Chairman of the Board of the Smithsonian National Museum of American History and, in May 2003, became Chairman of the Board of AES Corporation, an electric utility company. According to Robert Trigaux, in the April 19, 2004, edition of the St. Petersburg Times[7], Darman, now chairman of the "$8.5-billion revenue corporation" AES Corp., a "northern Virginia power company" with "longstanding ties to the Bush White House and [Florida]'s public pension fund last week received swift approval by Gov. Jeb Bush and the state Cabinet for a pipeline project that would bring natural gas from the Bahamas to South Florida."

Personal life

He married Kathleen Emmet on September 1, 1967; they had three sons, William T. E., Jonathan W. E. and C. T. Emmet Darman.

Darman died on January 25, 2008, at the age of 64, following a battle with acute myelogenous leukemia.[8]


Event Participated in

Bilderberg/198724 April 198726 April 1987Italy
35th Bilderberg, in Italy, 106 participants
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