David Stockman
David Stockman is the ultimate Washington insider turned iconoclast. He began his career in Washington and quickly rose through the ranks of the Republican Party. Stockman was elected as a Michigan congressman in 1976 and joined the Reagan White House in 1981. He served as the Director of the Office of Management and Budget in the Reagan administration and was the youngest Cabinet member of the twentieth century. As Reagan’s budget director, he quickly gained a reputation as a tough negotiator and a ruthless cutter of taxes and government spending. He has established himself as an outspoken critic of the Republican party’s fiscal policies. After leaving the White House, Stockman had a 20-year career on Wall Street. He joined Salomon Brothers and later became one of the original partners at The Blackstone Group where he served as Senior Managing Director.
David Stockman Professional Experience / Academic History
Professional Experience
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Senior Managing Director
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Director of the Office of Management and Budget under President Ronald Reagan
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Senior Managing Director
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Michigan Congressman
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Executive Director of the U.S. House of Representatives, Republican Conference
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Special Assistant to U.S. Representative John Anderson of Illinois
Academic History
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Graduate Degree, Theology
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B.A., History
Term
Term
CAREER IN WASHINGTON
Stockman’s career in Washington began in 1970, when he served as a special assistant to U.S. Representative John Anderson of Illinois.
From 1972 to 1975, he was executive director of the U.S. House of Representatives Republican Conference.
He was the Chief Architect of Reagan’s supply-side, or “trickle-down” economic policies.
Stockman was elected as a Michigan Congressman in 1976 and held the position until his resignation in January 1981.
In 1981, he was the subject of a controversial profile in the Atlantic magazine, in which he revealed to reporter William Greider that he was critical of the Reagan budget.
CAREER IN WALL STREET
After leaving the White House, Stockman had a 20-year career on Wall Street.
He joined Salomon Brothers in 1985 and later became one of the early partners of The Blackstone Group.
He left Blackstone in 1999 to start his own private equity fund based in Greenwich, Connecticut.