David A. Stockman
Class Year: 2002
Title: Former Director, U.S. Office of Management and Budget Founder and Senior Managing Director, Heartland Industrial Partners
Accomplished economist, public servant and author David A. Stockman is most noted for his tenure as director of the Office of Management and Budget in the Reagan Administration. Today he is a founding partner with Heartland Industrial Partners, a private equity firm that acquires and expands industrial companies in sectors that have potential for consolidation and growth. He was an original partner and senior managing director of the Blackstone Group, a private equity group that played a leadership role in several notable leveraged buyouts. During his 12 years with Blackstone, he led 10 investments with a transaction value of $10 billion. He also served as managing director in the corporate finance department of Salomon Brothers, Inc. After his term in the Reagan Administration, he wrote the best-selling book, The Triumph of Politics: Why the Reagan Revolution Failed. Stockman began his political career as a four-term U.S. Representative for Michigans Fourth District. He is a member of the Council on Foreign Relations and received the Council for National Policys Thomas Jefferson Leadership Award for Outstanding Public Service. Recently he was chosen as the inaugural recipient of Buyouts Pro of the Year for 2000.