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February 07, 2013
Tom Steyer’s Life After Farallon
The Farallon founder has long been passionate about education, clean energy and other social and environmental issues. Now, in retirement, he’ll have time to focus on them.
By Loch Adamson
After more than 25 years leading Farallon Capital Management, Thomas Steyer is ready to launch into the next phase of his career. But he remains coy about what exactly he plans to do perhaps because he plans to do a lot.
For the past few years, Steyer, an avid Democrat, has led a not-so-secret double life as a political power broker, education activist and energy policy commentator. The native New Yorkers passion for his adopted home state of California burns so brightly that several of Farallons investors have speculated that he might run for office someday. But Steyer, who was a featured speaker at the Democratic National Convention in September in Charlotte, North Carolina, disavows any grand political ambitions though thats not to say he eschews a good dustup. Borrowing a saying from a friend, former secretary of State George Shultz, he says, Democracy is not a spectator sport. ....