Car Czar

NOTE: on July 13, 2009, Bloom took over as head of the Presidential Task Force on the Auto Industry, replacing Steven Rattner

Title: Counselor to the Secretary of the Treasury
Salary: unknown
Reports to: Treasury Secretary Timothy Geithner and National Economic Council head Larry Summers
Appointed: July 2009
Department that might have handled similar issues: Treasury

• A leader of the White House task force overseeing auto company bailouts; worked on restructuring of General Motors and Chrysler LLC.
• Was special assistant to president of the United Steelworkers union from 1996-Feb 2009
• Has negotiated restructuring deals for more than 50 companies, getting major concessions from unions and companies.
• Was raised in New York in a pro-union family, which included a schoolteacher mother and unionized relatives.
• After working for the Service Employees International Union, got an MBA from Harvard University because he thought unions lacked business smarts, he said in a 1996 interview in the Pittsburgh Post-Gazette.
• From 1985 to 1990, he worked as an investment banker with Lazard Freres & Co., which specializes in mergers, acquisitions and corporate restructuring, before co-founding the investment-banking firm Keilin and Bloom.

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