Silver, Former Tiger Man, Quits Gov't. Post

Oct 7 2011 | 10:38am ET

Tiger Management veteran Jonathan Silver has resigned as head of a federal loan program that finds itself in hot water over a $535 million guarantee to bankrupt solar power company Solyndra.

Silver's exit was not directly related to the Solyndra matter, which Republicans have seized on to attack President Barack Obama. According to Energy Sec. Steven Chu, Silver had decided in July to leave the program at the end of last month.

Silver did not approve the loan to Solyndra, which came prior to his tenure. But he oversaw the guarantee as Solyndra slid towards bankruptcy, filing for it last month.

"Jonathan assembled and managed a truly outstanding team that has transformed the program into the world leader in financing innovative clean-energy projects," Chu said.

Silver worked at Tiger, serving on its committee, in the early 1990s, before joining the administration of President Bill Clinton.


In Depth

Dillon Eustace: The Advantages of ICAVs

Feb 11 2016 | 7:51pm ET

As the growth of alternative investment vehicles continues, global asset managers...

Lifestyle

Citadel's Ken Griffin Donates $40M To New York's Museum of Modern Art

Dec 22 2015 | 9:23pm ET

Citadel founder Ken Griffin has donated $40 million to New York’s Museum of Modern...

Guest Contributor

Hedging Against Reputational Risk in the 21st Century

Feb 12 2016 | 7:18pm ET

For investors, the first step in researching a new fund or manager is to google...