David Stockman was elected as a Michigan Congressman in 1976 and joined the Reagan White House in 1981. Serving as budget director, he was one of the key architects of the Reagan Revolution plan to reduce taxes, cut spending and shrink the role of government.
He joined Salomon Brothers in 1985 and later became one of the early partners of The Blackstone Group. During nearly two decades at Blackstone and at a firm he founded, Heartland Industrial Partners, Stockman was a private equity investor.
Born in Fort Hood, Texas, Stockman graduated from Michigan State University and attended Harvard Divinity School and then went to Washington as a Congressional aide in 1970.