Private Equity Exec. Among First Women Members At Augusta

Aug 21 2012 | 10:17am ET

A private equity chief is one of the first two women to ever be admitted to the Augusta National Golf Club.

Darla Moore was invited to join the prestigious Georgia club, which had until now an exclusively-male membership—and controversially since the National Council of Women's Organizations began protesting the lack of women in green jackets. Moore is CEO of Rainwater LLC, the private equity business founded by her husband, Richard Rainwater, a pioneer in the field.

But Moore isn't simply the head of her husband's company. The South Carolina native was during the 1980s and 1990s one of the highest-ranking women in banking. At Chemical Bank, Moore was known as the "Queen" of debtor-in-possession financing, becoming the highest-paid woman in the industry and earning the cover of Fortune magazine—also a first for a woman.

Golf appears to run in the Rainwater-Moore family: Moore's husband is a part owner of the famed Pebble Beach Golf Course in California.

In addition to Moore, Augusta National, which hosts golf's prestigious Masters Tournament, also invited former Secretary of State Condoleezza Rice to join the club.


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