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Encyclopedia > Henry M. Paulson, Jr.
This article documents a current event.
Information may change rapidly as the event progresses.
Henry M. Paulson

74th United States Secretary of the Treasury
In office
July 3, 2006 – present
Preceded by John W. Snow
Born March 28, 1946
Palm Beach, Florida
Political party Republican

Henry "Hank" Merritt Paulson, Jr. (born March 28, 1946) is the United States Treasury Secretary. He previously served as the Chairman and Chief Executive Officer of Goldman Sachs, a large investment bank. Wikipedia does not have an article with this exact name. ... Image File history File links PaulsonHenry. ... John W. Snow, the current Secretary of the Treasury. ... July 3 is the 184th day of the year (185th in leap years) in the Gregorian calendar, with 181 days remaining. ... 2006 (MMVI) is a common year starting on Sunday of the Gregorian calendar. ... John W. Snow John William Snow, Ph. ... March 28 is the 87th day of the year in the Gregorian Calendar (88th in leap years). ... 1946 (MCMXLVI) was a common year starting on Tuesday. ... Palm Beach is the name of several places: Palm Beach, New South Wales is a suburb of Sydney, Australia. ... Official language(s) English Capital Tallahassee Largest city Jacksonville Area  Ranked 22nd  - Total 65,794 sq mi (170,451 km²)  - Width 162 miles (260 km)  - Length 497 miles (800 km)  - % water 17. ... This article is about the modern United States Republican Party. ... March 28 is the 87th day of the year in the Gregorian Calendar (88th in leap years). ... 1946 (MCMXLVI) was a common year starting on Tuesday. ... The United States Secretary of the Treasury is the finance minister of the Federal Government of the United States. ... A chairman is the presiding officer of a meeting, organization, committee, or other deliberative body. ... A chief executive officer (CEO), or chief executive, is the highest-ranking corporate officer or executive officer of a corporation, or agency. ... The Goldman Sachs Group, Inc. ... To meet Wikipedias quality standards, this article or section may require cleanup. ...


He was nominated by U.S. President George W. Bush to succeed John Snow as the Treasury Secretary on May 30, 2006.[1] On June 28, 2006, he was confirmed by the United States Senate to serve in the position.[2] He began in the position on July 3, 2006, when Snow's resignation took effect. Secretary Paulson was officially sworn in at a ceremony held at the Treasury Department on the morning of July 10, 2006. The presidential seal was used by President Hayes in 1880 and last modified in 1959 by adding the 50th star for Hawaii. ... George Walker Bush (born July 6, 1946) is an American businessman and politician, was elected in 2000 as the 43rd President of the United States of America, re-elected in 2004, and is currently serving his second term in that office. ... John W. Snow John William Snow, Ph. ... May 30 is the 150th day of the year in the Gregorian calendar (151st in leap years). ... 2006 (MMVI) is a common year starting on Sunday of the Gregorian calendar. ... June 28 is the 179th day of the year (180th in leap years) in the Gregorian Calendar, with 186 days remaining. ... 2006 (MMVI) is a common year starting on Sunday of the Gregorian calendar. ... Seal of the Senate The Senate of the United States of America is one of the two chambers of the Congress of the United States, the other being the House of Representatives. ... July 3 is the 184th day of the year (185th in leap years) in the Gregorian calendar, with 181 days remaining. ... 2006 (MMVI) is a common year starting on Sunday of the Gregorian calendar. ...

Contents


Early life and family

A devout Christian Scientist, Paulson was born in Palm Beach, Florida and was raised on a farm in Barrington, Illinois. Paulson received his Bachelor of Arts in English literature from Dartmouth College in 1968;[3] at Dartmouth he was a member of Phi Beta Kappa and was an All Ivy, an All East, and an honorable mention All American for football.[4] He was also a member of Sigma Alpha Epsilon fraternity, played intramural sports and lacrosse, was a member of the Green Key Society and president of the Christian Science Organization. This article or section does not cite its references or sources. ... Palm Beachs skyline, as seen from Flagler Drive in West Palm Beach. ... Official language(s) English Capital Tallahassee Largest city Jacksonville Area  Ranked 22nd  - Total 65,794 sq mi (170,451 km²)  - Width 162 miles (260 km)  - Length 497 miles (800 km)  - % water 17. ... To meet Wikipedias quality standards, this article or section may require cleanup. ... Official language(s) English Capital Springfield Largest city Chicago Area  Ranked 25th  - Total 57,918 sq mi (149,998 km²)  - Width 210 miles (340 km)  - Length 390 miles (629 km)  - % water 4. ... A Bachelor of Arts (B.A. or A.B., from the Latin Artium Baccalaureus) is an undergraduate academic degree awarded for a course or program in the arts and/or sciences. ... Dartmouth College is a private academic institution in Hanover, New Hampshire, in the United States. ... The Phi Beta Kappa Society is an honor society which considers its mission to be fostering and recognizing excellence in undergraduate liberal arts and sciences. ... The term All-American has two uses: It can be used as a reference to an athlete selected as a member of an All_America team, as in Eddie George was named an All-American football player by both wire services in 1995. ... Sigma Alpha Epsilon (ΣΑΕ) is Americas largest social fraternity with more than 280,000 initiated members. ...


In 1970 Paulson received a Master of Business Administration degree from Harvard Business School, where he also met his wife Wendy. The couple have two adult children, Henry Merritt III and Amanda Clark. They maintain homes in New York City and Barrington, Illinois IL. Master of Business Administration (MBA) is a masters degree in business administration, which attracts people from a wide range of academic disciplines. ... HBS, as seen from across the Charles River. ... Flag Seal Nickname: Big Apple Location Location in the state of New York Government Counties (Boroughs) Bronx (The Bronx) New York (Manhattan) Queens (Queens) Kings (Brooklyn) Richmond (Staten Island) Mayor Michael Bloomberg (R) Geographical characteristics Area     City 1,214. ...


Career highlights

Paulson was Staff Assistant to the Assistant Secretary of Defense at The Pentagon from 1970 to 1972.[4] He then worked for the administration of U.S. President Richard Nixon, serving as assistant to John Ehrlichman from 1972 to 1973. Assistant Secretary of Defense is a title used for many executive positions in the United States Department of Defense. ... A pre-9/11 view of The Pentagon, looking east with the Potomac River and Washington Monument in the distance. ... The presidential seal was used by President Hayes in 1880 and last modified in 1959 by adding the 50th star for Hawaii. ... Richard Milhous Nixon (January 9, 1913 – April 22, 1994) was the 37th President of the United States, serving from 1969 to 1974. ... John D. Ehrlichman as Assistant to the President for Domestic Affairs, May 13, 1969. ...


He joined Goldman Sachs in 1974, working in the firm's Chicago office. He became a partner in 1982. From 1983 until 1988, Paulson led the Investment Banking group for the Midwest Region, and became Managing partner of the Chicago Office in 1988. From 1990 to November 1994, he was co-head of Investment Banking, then, Chief Operating Officer from December 1994 to June 1998;[5] eventually succeeding Jon Corzine (now Governor of New Jersey) as its chief executive. His compensation package, according to reports, was US$37 million in 2005, and US$16.4 million projected for 2006.[6] His net worth has been estimated at over $500 million.[6] Jon Stevens Corzine (born January 1, 1947) is the current Democratic Governor of the state of New Jersey. ... The Governor of New Jersey is the chief executive of the U.S. state of New Jersey. ...


Civic activities

Paulson has been described as an avid nature lover.[7] He has been a member of the Nature Conservancy for decades and is the organization's Board chairman and co-chair of its Asia-Pacific Council.[4] In that capacity, Paulson worked with former President of the People's Republic of China Jiang Zemin to preserve the Tiger Leaping Gorge in Yunnan province. He donated US$100 million worth of his Goldman Sachs stock to a family foundation dedicated to conservation and environmental education.[8] The Nature Conservancy is an environmental organization, founded in 1951. ... The President of the Peoples Republic of China (Simplified Chinese: 中华人民共和国主席; Pinyin: Zhōnghuá Rénmín Gònghéguó Zhǔxí, or abbreviated Guójiā Zhǔxí 国家主席) is the head of state of the Peoples Republic of China. ... Jiāng Zémín (born August 17, 1926) was the core of the third generation of Communist Party of China leaders, serving as General Secretary of the Communist Party of China from 1989 to 2002, as President of the Peoples Republic of China from 1993 to 2003, and... Terraces part way up the sides of the Tiger Leaping Gorge View of the gorge from the high path, showing Jade Dragon Snow Mountain on the left, and Haba Snow Mountain on the right. ... Yunnan (Simplified Chinese: 云南; Traditional Chinese: 雲南; Hanyu pinyin: ) is a province of the Peoples Republic of China, located in the far southwestern corner of the country. ...


Paulson is also on the Board of Directors of the Peregrine Fund.


He was the founding Chairman of the Advisory Board of the School of Economics and Management of Tsinghua University in Beijing. Tsinghua University (Simplified Chinese: 清华大学; Traditional Chinese: 清華大學; pinyin: Qīnghuá Dàxué; Wade-Giles: Ching-hua Ta-hsüeh) is one of the most prestigious and selective universities in China. ... Beijing (Chinese: 北京; Pinyin: Běijīng; ; IPA: ), a city in northern China (formerly spelled in English as Peking or Peiking), is the capital of the Peoples Republic of China (PRC). ...


Treasury Secretary nomination

Paulson (right) with President George W. Bush as his nomination to become Treasury Secretary is announced.
Enlarge
Paulson (right) with President George W. Bush as his nomination to become Treasury Secretary is announced.

On May 30, 2006, Treasury Secretary John W. Snow resigned. President Bush immediately nominated Paulson to head the Treasury department. On June 28, 2006, the United States Senate confirmed Paulson to serve in this position. Image File history File linksMetadata HenryPaulson. ... Image File history File linksMetadata HenryPaulson. ... May 30 is the 150th day of the year in the Gregorian calendar (151st in leap years). ... 2006 (MMVI) is a common year starting on Sunday of the Gregorian calendar. ... John W. Snow John William Snow, Ph. ... June 28 is the 179th day of the year (180th in leap years) in the Gregorian Calendar, with 186 days remaining. ... 2006 (MMVI) is a common year starting on Sunday of the Gregorian calendar. ... Seal of the Senate The Senate of the United States of America is one of the two chambers of the Congress of the United States, the other being the House of Representatives. ...


Paulson's three immediate predecessors as CEO of Goldman Sachs — Jon Corzine, Stephen Friedman, and Robert Rubin — each left the company to serve in government: Corzine as a U.S. Senator (now Governor of New Jersey), Friedman as chairman of the National Economic Council (NEC), and Rubin as both chairman of the NEC and later Treasury Secretary under President Bill Clinton.[9] Jon Stevens Corzine (born January 1, 1947) is the current Democratic Governor of the state of New Jersey. ... Stephen Friedman was from 2002 to 2005 United States Assistant to the President for Economic Policy and director of the National Economic Council. ... Robert E. Rubin Robert Edward Rubin (born August 29, 1938) is an American financier, businessman, and politican who served as the 70th United States Secretary of the Treasury for a period spanning both the first and second Clinton Administrations. ... The National Economic Council (NEC) is a United States government agency. ... William Jefferson Bill Clinton (born William Jefferson Blythe III on August 19, 1946) was the 42nd President of the United States, serving from 1993 to 2001. ...


References

  1. ^ White House (2006). President Bush Nominates Henry Paulson as Treasury Secretary. Retrieved June 29, 2006.
  2. ^ Associated Press (2006). Senate Approves Paulson as Treasury Secretary.
  3. ^ Belser, Alex, "Paulson '68 to lead Treasury", The Dartmouth, 31 May 2006.
  4. ^ a b c The Nature Conservancy (2006). Henry M. Paulson, Jr..
  5. ^ Goldman Sachs (2006). Goldman Sachs Group, Inc - Management.
  6. ^ a b Forbes (2006). Henry M. Paulson, Jr..
  7. ^ Somerville, Glenn, "Paulson brings Wall Street luster to Treasury", Yahoo! News, 30 May 2006.
  8. ^ Rutenberg and Andrews, Jim and Edmund L., "Bush Selects Goldman Chief to Take Over Treasury Dept.", New York Times, 30 May 2006.
  9. ^ White House (2006). President Commends Senate for Confirming Henry Paulson as Treasury Secretary. Retrieved June 29, 2006.

May 31 is the 151st day of the year in the Gregorian calendar (152nd in leap years), with 214 days remaining. ... 2006 (MMVI) is a common year starting on Sunday of the Gregorian calendar. ... May 30 is the 150th day of the year in the Gregorian calendar (151st in leap years). ... 2006 (MMVI) is a common year starting on Sunday of the Gregorian calendar. ... May 30 is the 150th day of the year in the Gregorian calendar (151st in leap years). ... 2006 (MMVI) is a common year starting on Sunday of the Gregorian calendar. ...

Further reading

External links

Preceded by:
Jon Corzine		 Chairman and CEO, Goldman Sachs
June, 1998 – July 3, 2006		 Succeeded by:
Lloyd Blankfein
Preceded by:
John Snow		 United States Secretary of the Treasury
July 3, 2006 – present		 Succeeded by:
Incumbent
Preceded by:
Condoleezza Rice		 United States Presidential Line of Succession Succeeded by:
Donald H. Rumsfeld
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Bodman • Bolten • Chao • Cheney • Chertoff • Gonzales • Gutierrez • Jackson • Johanns • Johnson • Kempthorne • Leavitt • Mineta • Nicholson • Paulson • Portman • Rice • Rumsfeld • Schwab • Spellings • Walters Jon Stevens Corzine (born January 1, 1947) is the current Democratic Governor of the state of New Jersey. ... The phrase Chairman of the Board has several meanings: Chairman of the Board is the term used to denote the leader of a corporations board of directors. ... Chief Executive Officer (CEO) is the job of having the ultimate executive responsibility or authority within an organization or corporation. ... The Goldman Sachs Group, Inc. ... Look up June in Wiktionary, the free dictionary. ... 1998 (MCMXCVIII) was a common year starting on Thursday of the Gregorian calendar, and was designated the International Year of the Ocean. ... July 3 is the 184th day of the year (185th in leap years) in the Gregorian calendar, with 181 days remaining. ... 2006 (MMVI) is a common year starting on Sunday of the Gregorian calendar. ... Lloyd C. Blankfein is the current Chief Operating Officer (COO) and President of Goldman Sachs. ... There have been several people named John Snow: Dr. John Snow (physician), the founder of epidemiology and a major contributor to the development of anaesthesia John W. Snow, current United States Secretary of the Treasury John Snow (cricketer), English cricketer See also Jon Snow (A Song of Ice and Fire... John W. Snow, the current Secretary of the Treasury. ... July 3 is the 184th day of the year (185th in leap years) in the Gregorian calendar, with 181 days remaining. ... 2006 (MMVI) is a common year starting on Sunday of the Gregorian calendar. ... Condoleezza Rice (born November 14, 1954) is the 66th and current United States Secretary of State, and the second in the administration of President George W. Bush. ... The presidential line of succession defines who may become or act as President of the United States upon the incapacity, death, resignation, or removal from office (by impeachment and subsequent removal) of a sitting President or a President-elect. ... Donald Rumsfeld Donald Henry Rumsfeld (born July 9, 1932) is the current Secretary of Defense of the United States, since January 20, 2001, under President George W. Bush. ... John W. Snow, the current Secretary of the Treasury. ... Seal of the United States Department of the Treasury. ... Alexander Hamilton (January 11, 1755 or 1757 – July 12, 1804) was an American politician, leading statesman, financier, intellectual, military officer, and founder of the Federalist Party. ... Oliver Wolcott Jr. ... 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G8 Finance Ministers
Jim Flaherty (Canada) | Thierry Breton (France) | Peer Steinbrück (Germany) | Tommaso Padoa-Schioppa (Italy) | Sadakazu Tanigaki (Japan) | Alexei Kudrin (Russia) | Gordon Brown (UK) | Henry M. Paulson, Jr. (USA)

 

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