Updated 08/11/2008 04:09 PM
Former Bear Stearns Exec Hired By The DOE
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A former managing director at Bear Stearns is joining the public sector to help the Department of Education manage its money during these uncertain economic times.
City officials have offered the DOE's chief financial officer position to George Raab.
Raab has accepted the offer, but it will not be official until after a background check is completed.
The department has been without a CFO since Bruce Feig left in 2006.
Bear Stearns collapsed earlier this year and was bought out by JP Morgan Chase.