Bloomberg Relationship
In January, 2008, it was reported that New York Mayor Michael Bloomberg's extensive business interests were placed in "a sort of blind trust" with Quadrangle because of Bloomberg's possible run for the presidency. Bloomberg was reported to be a friend of Rattner. Bloomberg would "continue to have control of and access to certain investment decisions." In February, 2009, when Rattner left, a report said Quadrangle would continue with its responsibilities for Bloomberg.
In February, 2010, Mayor Bloomberg "shift about $5 billion from Quadrangle into a new investment firm devoted solely to interest and that of his charitable foundation about a dozen employees of Quadrangle," it was reported. Moving to the new unit would be Alice Ruth, who had been recruited to Quadrangle for the Bloomberg job and "who had managed the personal fortune of Gordon Moore, Intel’s co-founder."
Read more about this topic: Quadrangle Group
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“Only men of moral and mental force, of a patriotic regard for the relationship of the two races, can be of real service as ministers in the South. Less theology and more of human brotherhood, less declamation and more common sense and love for truth, must be the qualifications of the new ministry that shall yet save the race from the evils of false teaching.”
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