January 15, 1998
Harvard
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  Richard Darman Returns to Kennedy School Faculty

Richard Darman, former director of the U.S. Office of Management and Budget (OMB) and member of the Bush cabinet, returns this month to the Kennedy School of Government.

Darman, who was a member of the Kennedy School faculty from 1977 to 1981, has been appointed as a public service professor. He will be teaching The Management of Federal Policy Development in the spring semester.

"As a former member of our faculty and longtime member of the Kennedy School's Visiting Committee, Dick Darman has contributed much to the Kennedy School over the years," said Dean Joseph S. Nye Jr. "The experience and wisdom he has gained in government and the private sector since he last taught here will broaden our public policy base and be invaluable to our students."

Darman noted that, "In the two decades since I was first associated with the Kennedy School, it has grown enormously in scale and impact Ñ and in the respect it commands in the larger community. While government, too, has grown, respect for it has diminished. I'm delighted to join others who are reflecting seriously upon that change Ñ seeking not only to understand the problems that help explain it, but also to help correct them."

At age 54, Darman's record of public service in federal policy positions is unusual in its scope. He has served in the White House, OMB, and six cabinet departments in five presidential administrations.

Having originally joined the Kennedy School faculty after service in the Nixon and Ford administrations, Darman left the faculty to join the Reagan White House in 1981. He served as assistant to the president from 1981 until 1985, and was at the center of policy development for the initial Reagan economic program and its subsequent modification (the Tax Reform and Fiscal Responsibility Act of 1982, the Social Security compromise of 1983, and the "downpayment on the deficit" of 1984). In the second Reagan term, he was confirmed by the U.S. Senate as deputy secretary of the treasury (1985-1987). He was awarded the Alexander Hamilton medal, the Treasury's highest award, for his contributions to the historic Tax Reform of 1986 and the reforms of international economic policy coordination reflected in the Plaza Accord (1985) and the Louvre Accord (1987).

Upon leaving the Treasury, Darman joined Shearson Lehman Brothers as a managing director (1987-88), but soon returned to government when confirmed by the Senate as OMB director (1989-1993). In the latter capacity, he was a primary negotiator of the 1990 budget agreement, which for the first time placed an enforceable cap on federal spending and put the federal government on a pay-as-you-go basis.

Since leaving OMB at the end of the Bush administration, Darman has been a partner and managing director of The Carlyle Group, a private principal investing firm. He is a director of several public and private corporations, and a trustee of the Council for Excellence in Government.

In addition to technical publications, Darman has authored articles for Foreign Affairs, The Washington Post, The Wall Street Journal, U.S. News and World Report, and the New York Times; and is the author of Who's in Control? Polar Politics and the Sensible Center (1996).

An honors graduate of Harvard College (1964) and Harvard Business School (1967), Darman is married to Kathleen Emmet (Harvard-Radcliffe '64), a writer. They have three children (one of whom is now a Harvard undergraduate).

 


Copyright 1998 President and Fellows of Harvard College