Robert Mosbacher Jr.

Mosbacher is involved in the Mosbacher Institute for Trade, Economics, and Public Policy, which was founded in October 2009 upon the request of President George H.W. Bush to honor his father Robert Mosbacher Sr., who served as secretary of commerce from 1989 to 1992. The mission of the Mosbacher Institute is to address the most pressing economic challenges confronting the United States and world economies by conducting policy-relevant research; providing education; and engaging stakeholders in the areas of trade, economics, and public policy. The Institute is a nonpartisan organization dedicated to understanding and explaining the complex relationship between the United States and the rest of the world.

Mosbacher ran unsuccessfully in the 1997 Houston mayoral election, losing to Lee Brown, a Democrat, in a nonpartisan election. He received 48 percent of the vote in the runoff election and raised a record-breaking $4 million, compared to Brown's $2.1 million. Mosbacher faced controversy in the campaign, as he had lived outside Houston in West University Place for eleven years and professed interest in federal and state issues, rather than local concerns.

In 1993, he wrote the book Deep In The Heart: A Remedy For An Ailing Texas, in which he offers various recommendations on how to improve his state.

In a notable event, Karl Rove was fired from the 1992 George Herbert Walker Bush campaign for criticizing Mosbacher, who was then the head of the Texas Victory Committee and a Bush loyalist. This criticism of Mosbacher came in the form of a negative story that Rove planted with the columnist Robert Novak. In 1992, "Sources close to the former president George H.W. Bush say Karl Rove was fired from the 1992 Bush presidential campaign after he planted a negative story with columnist Robert Novak about dissatisfaction with campaign fundraising chief and Bush loyalist Robert Mosbacher Jr. It was smoked out, and he was summarily ousted" (Esquire Magazine, January 2003). As Novak provided some evidence of Rove's motive in his column: "Also attending the session was political consultant Karl Rove, who had been shoved aside by Mosbacher". Mosbacher maintains that "Rove is the only one with a motive to leak this. We let him go. I still believe he did it."

Mosbacher is currently Chairman of Mosbacher Energy Company (MEC), an independent oil and gas exploration and production company in Houston, Texas. From 1986 to 2005, Mosbacher was president and CEO. He was also vice chairman of Mosbacher Power Group, an independent electric power developer which operated from 1995 and was acquired in 2003.

He also ran unsuccessfully for the Republican nomination for the U.S. Senate in 1984, losing to Phil Gramm, and Lieutenant Governor of Texas in 1990, losing to Democrat Bob Bullock by a total of 52% to 45%. During the 1990 campaign he became well known for a series of humorous ads in which people on the street mangled his name as "Moose Backer."

Earlier in his career, Mosbacher worked for U.S. Senator Howard Baker for over seven years. He helped launch the Reagan administration's Private Sector Initiatives Program, and was appointed by President Reagan to three successive Presidential Task Forces on Private Sector Initiatives during the 1980s.

Robert Adam Mosbacher Jr. (born May 29, 1951) is an American businessman, founder of BizCorps, and the former head of the Overseas Private Investment Corporation (OPIC), a U.S. government agency established to promote economic development by working with the private sector. Nominated by U.S. President George W. Bush, Mosbacher was sworn in as the ninth president and chief executive officer of OPIC in October 2005. He has largely been credited with being the leading voice behind the Build Act, which has helped to reform US development finance.

His father, Robert Mosbacher Sr., was the 28th Secretary of Commerce. His uncle was Emil Mosbacher, a two-time America's Cup Winner and former Chief of Protocol for President Richard Nixon.

Mosbacher Jr. is the son of Robert Mosbacher (1927–2010) and the former Jane Pennybacker, who died of cancer in 1970. He received his law degree from the Southern Methodist University Dedman School of Law in Dallas. Earlier, he obtained his bachelor's degree from Georgetown University, as did his daughter Jane Mosbacher Morris, who worked for the United States Department of State and is the founder and CEO of TO THE MARKET. His son, Peter, who graduated from Brown University and then the University of Chicago graduate school, currently works for NASA. His youngest daughter, Meredith, graduated from Brown University.