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.
There should be a full investigation into her conduct.
She’s an ESG lunatic and not even an Alaskan. What was Dunleavy thinking?