Richard Darman

Richard Gordon "Dick" Darman (May 10, 1943 – January 25, 2008) was an American businessman and government official who served in senior positions during the presidencies of Ronald Reagan and George H. W. Bush.

Richard Darman
Richard Darman 1983 9.jpg
28th Director of the Office of Management and Budget
In office
January 25, 1989 – January 20, 1993
PresidentGeorge H. W. Bush
Preceded byJoe Wright
Succeeded byLeon Panetta
2nd United States Deputy Secretary of the Treasury
In office
October 7, 1985 – August 28, 1987
PresidentRonald Reagan
Preceded byR. T. McNamar
Succeeded byPeter McPherson
White House Staff Secretary
In office
June 17, 1981 – February 1, 1985
PresidentRonald Reagan
Preceded byDavid Gergen
Succeeded byDavid Chew
Personal details
Richard Gordon Darman

(1943-05-10)May 10, 1943
Charlotte, North Carolina, U.S.
DiedJanuary 25, 2008(2008-01-25) (aged 64)
Washington, D.C., U.S.
Political partyRepublican
Spouse(s)Kathleen Emmet (1967–2008)
EducationHarvard University (BA, MBA)

Early lifeEdit

Darman was born in Charlotte, North Carolina, the son of Eleanor F. and Morton H. Darman.[1] His father was a textile mill owner.

Darman graduated with honors from Harvard College in 1964 and from the Harvard Graduate School of Business Administration in 1967.


Darman was regarded as provocative and intelligent by Washington insiders but was criticized by some economists for being too focused on the budget deficit and was sometimes blamed for convincing Bush to renege on his promise of "Read my lips: No new taxes," which is widely believed to have contributed to Bush's defeat in the election of 1992. Darman had previously tried to stop Bush from making the promise during the 1988 campaign.[2]

Prior to serving as Director of the Office of Management and Budget under the first President Bush from 1989 to 1993, Darman held other governmental positions, including: Assistant to the President of the United States and White House Staff Secretary[3] (1981–85); Deputy Secretary of the Treasury (1985–87); and Assistant Secretary of Commerce (1976–77). He also was a member of the faculty of Harvard Kennedy School on three occasions between 1977 and 2002.

Since May 1, 2003, Darman had been Chairman of the Board of AES Corporation, an electric utility company.

From 1993 until his death in 2008, Darman was a partner and managing director of The Carlyle Group. During that period, Carlyle went from being a small firm with 26 employees to one of the world's largest and most successful private equity firms.

Darman was a trustee of the Loomis Sayles Funds, the IXIS Funds, and the Howard Hughes Medical Institute. He served as Chairman of the Board of the Smithsonian National Museum of American History.

Personal lifeEdit

He married Kathleen Emmet on September 1, 1967; they had three sons, William T. E., Jonathan W. E. and C. T. Emmet Darman.

Darman died on January 25, 2008, at the age of 64, following a battle with acute myelogenous leukemia.[4]


  1. ^ Darman, Richard Gordon (1996). Who's in Control? Polar Politics and the Sensible Center. Simon & Schuster. p. 365. ISBN 0-684-81123-5.
  2. ^ Greene, John Robert (2000). The Presidency of George Bush. Lawrence: University Press of Kansas. p. 37. ISBN 0-7006-0993-8.
  3. ^ "Appointment of Richard G. Darman as Assistant to the President and Deputy to the Chief of Staff". The American Presidency Project. Retrieved October 8, 2014.
  4. ^ "Richard Darman Was Presidential Advisor". The Vineyard Gazette - Martha's Vineyard News. February 28, 2008. Retrieved 19 March 2021.
  • Who's Who in America (2007 ed.).

Further readingEdit

External linksEdit

Political offices
Preceded by
David Gergen
White House Staff Secretary
Succeeded by
David Chew
Preceded by
R. T. McNamar
United States Deputy Secretary of the Treasury
Succeeded by
Peter McPherson
Preceded by
Joe Wright
Director of the Office of Management and Budget
Succeeded by
Leon Panetta