Richard Ravitch had a position (Minister without portfolio) at Hugh L Carey

Title Minister without portfolio
Start Date 1975-00-00
Is Current no
Notes On October 16 1975, Ravitch was summoned by then-Governor Hugh Carey to convince the head of New York City's teacher's union to buy the bonds that would save the city from default. After a series of tense meetings with the governor, the head of the teacher's union, the head of the New York Central Labor Council, and other local officials, the teacher's union eventually agreed to "make up the city’s hundred-and-fifty-million-dollar shortfall with their pension funds."
Updated over 8 years ago

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