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Theodore W. Eversole

business executive. The son of janitors, Franklin Delano Raines was born and raised in Seattle, Washington, and attended Harvard University, where he received a BA in government, magna cum laude, in 1971. He then studied at Magdalen College, Oxford, as a Rhodes Scholar. Following his Oxford studies Raines went to Harvard Law School, where he received his JD in 1976.

After leaving Harvard his career advancement was meteoric: in short order he achieved important public offices within the Jimmy Carter administration, initially serving as associate director for economics and government in the Office of Management and Budget (OMB) and then serving from 1977 to 1979 as assistant director of White House domestic policy staff.

At the end of his White House tenure Raines joined the investment firm of Lazard, Freres, and Company, where he stayed for eleven years and became a partner. In 1991 he left the ...


Gregory S. Bell

corporate executive and government official, was born Franklin Delano Raines in Seattle, Washington, the fourth of seven children of Delno Thomas Raines, a custodian, and Ida Mae Raines, a cleaning woman. He was named after his uncle Frank and his father, but the hospital misspelled his middle name as “Delano.”

The Raines family eventually moved into a house that Delno Raines had built himself over the course of five years The household was constantly fighting economic challenges When Raines was a young boy his father was hospitalized for an illness and lost his job As a result the family received welfare for two years Eventually Delno Raines got full time work as a custodian for the city of Seattle Ida Raines added to their income by working as a cleaning woman for the aircraft company Boeing But Raines would always remember the lessons of being on the ...