,
James Schlesinger,
Hamilton Jordan, Blumenthal, and
Charles Schultze in the
Oval Office in 1978 Blumenthal left
Princeton University to join
Crown Cork, a manufacturer of bottle caps, in 1957, where he remained until 1961 and rose to become its vice president and director. His nomination was unanimously confirmed. Blumenthal first met Carter in 1975 at a meeting of the
Trilateral Commission in Japan. Although he was made chair of Carter's Economic Policy Group (EPG), and was Carter's chief economic policy official, he was still unable to chart economic policy or be recognized as the administration's chief economic spokesman. He instead had to share the role with those closer to the president, which caused confusion among outsiders and weakened Blumenthal's effectiveness. Blumenthal asked them to withdraw their troops "as quickly as possible," since it carried the "risk of wider wars." The Chinese were particularly impressed by Blumenthal's speech, adds Katz. And although the effect of his speech is not known, the Chinese army did
withdraw a few weeks after his visit. In July 1979, Carter outlined his measures for dealing with the nation's economic and energy crisis, and at the same time asked five members of his cabinet, including Blumenthal, to resign. After resigning he joined
Burroughs Corporation in 1980 as vice chairman, then chairman of the board a year later. After merging the company with
Sperry Corporation, it became
Unisys Corporation in 1986, with Blumenthal its chairman and
chief executive officer (CEO). He remained with Unisys until 1990 when he stepped down after several years of losses to become a limited partner at
Lazard Freres & Company, an investment bank located in New York. Having more free time, he taught economics courses at Princeton. In April 2016, he was one of eight former Treasury secretaries who called on the
United Kingdom to remain a member of the
European Union ahead of the
June 2016 Referendum. ==Jewish Museum of Berlin==