Thursday, 23 October 2014
Last updated 4 hours ago
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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
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