Eliot Spitzer

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Eliot Spitzer

Eliot Laurence Spitzer (born June 10, 1959) is an American lawyer and former politician of the Democratic Party. He served as the 54th Governor of New York from January 2007 until his resignation on March 17, 2008 in the wake of the exposure of his involvement as a client in a high-priced prostitution ring. Prior to being elected governor, Spitzer served as New York State Attorney General.

Spitzer was born and raised in The Bronx, to Jewish real estate tycoon Bernard Spitzer and Anne Spitzer, an English literature professor.[1] After being rejected by Harvard University, he attended Princeton University for his undergraduate studies and then Harvard Law School for his Juris Doctor. It was there that he met his future wife, Silda Wall. After earning his Juris Doctor degree, Spitzer joined the law firm of Paul, Weiss, Rifkind, Wharton & Garrison.

Two years later, he joined the Manhattan District Attorney's office, headed by Robert M. Morgenthau, to pursue organized crime. He launched the investigation that brought down the Gambino family's control over Manhattan's garment and trucking industries. In 1992, Spitzer left to work at the law firm of Skadden, Arps, Slate, Meagher & Flom and, later, Constantine and Partners.

In the 1998 election, Spitzer defeated incumbent Republican Dennis Vacco by a slim margin to become New York State Attorney General. His campaign was financed by a controversial multi-million dollar loan from his father. As attorney general, Spitzer prosecuted cases relating to corporate white collar crime, securities fraud, internet fraud and environmental protection. He most notably pursued cases against companies involved in computer chip price fixing, investment bank stock price inflation, predatory lending practices by mortgage lenders, fraud at American International Group,[2] and the 2003 mutual fund scandal. He also sued Richard Grasso, the former chairman of the New York Stock Exchange, claiming he had failed to fully inform the board of directors of his deferred compensation package, which exceeded $140 million.[3]

In 2007, Spitzer was inaugurated governor of New York after defeating Republican John Faso in the November election. During his time in office, he proposed a bill to legalize same-sex marriage in New York and issued an executive order allowing illegal immigrants to be issued driver's licenses, which have both attracted controversy. In July 2007, he was admonished for his administration's involvement in ordering the State Police to record the whereabouts of State Senate majority leader Joseph L. Bruno.

On March 10, 2008, The New York Times reported that Spitzer was a client of a prostitution ring under investigation by the federal government. Two days later, he announced his resignation as governor of New York, effective March 17, citing "private failings."[4][5]

On June 24, 2010, CNN announced that Spitzer would be joining the network to host a "round-table" discussion program alongside conservative journalist Kathleen Parker.[6]


Part of this article consists of modified text from Wikipedia, and the article is therefore licensed under GFDL.

References

  1. Lowenstein, Roger. "As Governor, What Would His Battles Be?", The New York Times, July 16, 2006. Accessed April 13, 2008. "Eliot and his two siblings grew up in the prosperous Riverdale enclave of the Bronx, fed on progressive politics and duly enrolled in private schools."
  2. WaPo-Spitzer: How to Ground The Street
  3. Dolmetsch, Chris (2008-03-13). "Cheers on NYSE Floor, Shock in Albany: Spitzer's Fall". Retrieved on 2008-03-13.
  4. "Spitzer to step down by Monday". CNN. March 12, 2008. http://www.cnn.com/2008/POLITICS/03/12/spitzer/index.html. Retrieved 2008-03-12. 
  5. "Spitzer's Resignation Speech: Transcript". The Huffington Post (2008-03-12). Retrieved on 2008-03-13.
  6. "US: Former governor Eliot Spitzer joins CNN". The Spy Report (Media Spy). June 25, 2010. http://www.mediaspy.org/report/2010/06/25/us-former-governor-eliot-spitzer-joins-cnn/. Retrieved June 25, 2010.