Breaking: Rubenstein out at Permanent Fund Board

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Board of Trustee Gabrielle Rubenstein has resigned from the Alaska Permanent Fund Board of Trustees.

Rubenstein is at the center of a scandal in which she was accused of putting undue pressure on professional staff members of the $80 billion fund to steer influence toward her own investment interests or those of her billionaire father, David Rubenstien, founder of the equity firm the Carlyle Group. The scandal unfolded after the Alaska Landmine news site obtained leaked emails that showed the staff was concerned about her involvement in the actual operations of the fund, and emails that showed she may have pressured the governor to not reappoint Ethan Schutt to the board.

Rubenstein said she had not been attending meetings in person because of health concerns.

Her resignation came during the same meeting that she stepped back from her role as vice chair, and during the same meeting that the board elected a new chair and vice chair — Jason Brune and Adam Crum. The board has been in Fairbanks on Wednesday for its quarterly meeting.

Rubenstein was appointed in 2022 by Gov. Mike Dunleavy to serve a four-year term as one of the four public members of the Board of Trustees. She runs her own private equity investment company, Manna Tree.

17 COMMENTS

      • Pepe, she is not in the ruling class; let me explain. Through history most sovereigns have been monarchs, pharaohs, czars, or similar. Our republic is unique in that the citizens are the sovereigns. The true ruling class in our nation is the citizen voters. The elected officials and government employees are our servants. We rule over them. However, through history, whenever a sovereign became complacent, lazy, and neglectful of their responsibilities, the subordinate classes ran amuck and out of control; and the culture declined. Currently, the sovereigns of this nation have become lazy and willfully ignorant. They are no longer informed voters. They vote for selfish–not patriotic–motives. Our republic is in decline and we cannot blame our servants.

    • Look, she is attractive; with a fist full of dollars, I suspect that she can open doors with just a smile. So on second thought, what do you think Dunleavy was thinking–doing something exalted for the good of the people or laboring for the Lord?

  1. The Rogoff era has ended for Alaskans. It included airplane crashes, the trashing of the largest newspaper in the state, and this daughter traveling the world to tell financiers she has Alaskans by the balls. Failed grifting efforts brought that claim into question.

    She has curb appeal and a shapely caboose, but no apparent financial acumen. Which Alaska males go on her NYC trophy wall has yet to be reported.

    • Have you seen her lately? Your “curb appeal and shapely caboose” description might have fit 20 years ago. Now, it’s more like, “walrus reject from the Priboloffs.”

  2. Pure greed! Nothing else. Just greed.
    Dunleavy knows how to pick em. He is also picking Nancy Dahlstrom. Another failure, and a choice that keeps wacko Democrat Peltola in Congress. Whadru smoking, Big Mike?

  3. It has never been clear to me: Does she live in Alaska? Or maybe Martha’s Vineyard or some other Leftist enclave?

    • She does not. She divides her time between Manhattan, DC, and Vail, where her ESG investment company is based.

  4. Her mamma used the GCI Headquarters with Leonardo DeCaprio pitching a movie to be funded by Sitnasuak- at that time I was the President and CEO.

    It was a movie about another village – not our village.

    Her mamma was wearing seal skin pants and parading around- like we as Natives should’ve been on our knees because of her attention.

    Here is the thing.

    Alaskans don’t fall over themselves for outsiders that have embarrassing self-proclaimed importance – thinking we need saving and to be exalted on their superficial platform of charity.

    When we know the ultimate reason was our Alaska Permanent Fund.

    The question was – what are we going to do with our Alaska Fund?

    We are going to embrace people like Elon Musk and Marc Andersen as trail breakers.

    With love,

    Trudy

  5. It’s time for me to be going–other commitments–Suzanne. Enjoy your soirée–truly a touch of class!

  6. Was the Carlyle Group the hedge fund that shorted a large amount of Trump’s media stock the day before his assassination attempt? Inquiring minds want to know.

  7. Good riddance to Rubenstein.
    It would be welcome if the Governor would appoint an adult to replace Rubenstein on the PF Board.

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