David Harold McCormick was born on August 17,1965 and is an American politician and businessman.
50 Facts About David McCormick
In January 2022, David McCormick announced that he was running for the US Senate seat held by retiring Senator Pat Toomey.
David McCormick lost to Mehmet Oz in the Republican primary by fewer than 1,000 votes.
David McCormick was born in Washington, Pennsylvania, and raised in the Pittsburgh area.
David McCormick's mother, Maryan G McCormick, was a college professor.
David McCormick graduated from West Point in 1987 with a Bachelor of Science degree in mechanical engineering.
David McCormick was a four-time letterman on the Army wrestling team and the team's co-captain his senior year.
In 2021, David McCormick received an honorary degree from Dickinson College.
David McCormick joined the 82nd Airborne Division at Fort Bragg, North Carolina, in 1987.
David McCormick was part of the first wave of US troops sent into Iraq during the Gulf War in 1991.
David McCormick was executive officer of a combat engineering company of 130 soldiers tasked with clearing minefields and destroying enemy munitions.
David McCormick left the service in 1992 after five years' commissioned service.
In 1999, David McCormick joined FreeMarkets, a global provider of software and services.
David McCormick was promoted to president of FreeMarkets in 2001 and was named chief executive officer in 2002.
David McCormick successfully sold FreeMarkets to Ariba in 2004 for approximately $500 million and then remained at Ariba as president for the next 18 months before he was asked to join the Bush administration.
David McCormick became co-CEO in 2017, where he was responsible for overseeing the management of the firm, and liaison with institutional investors.
In December 2019, it was announced that David McCormick would become the sole CEO of Bridgewater in 2020, marking the end of a 10-year management transition of the firm.
In late 2021, while David McCormick was mulling a run for a United States Senate seat in Pennsylvania, he began to distance himself from Bridgewater founder Ray Dalio and his defenses of China's human rights policies, openly rebuking him during company calls.
David McCormick left Bridgewater on January 3,2022, and was replaced by Mark Bertolini and Nir Bar Dea as co-CEOs.
David McCormick was Under Secretary of the Treasury for International Affairs from 2007 to 2009, serving as the United States's leading international economic diplomat.
David McCormick coordinated financial market policy with the Group of Seven industrialized countries and the Group of Twenty global economies, working with finance ministers as well as their deputies.
David McCormick served as Secretary Paulson's point person on the international response to the 2008 financial crisis.
David McCormick was credited with using his relationships with top executives and policy makers around the world to help coordinate the Treasury Department's response.
In early 2019, David McCormick was under consideration for US Secretary of Defense by the Trump administration.
In 2017, David McCormick was named by James Mattis as a member of the Defense Policy Board Advisory Committee, a federal advisory committee to the US Department of Defense.
David McCormick was removed from this position by President Donald Trump in 2020 along with 11 other members with ties to the foreign policy establishment.
Politicians that David McCormick has donated to include Senators John McCain and Mitch McConnell and the Congressional campaign of Mike Pompeo.
In 2014, David McCormick gave a $25,000 donation to the Republican Governors Association.
David McCormick was a supporter of the 2016 presidential campaign of Jeb Bush and donated to Bush's campaign and a PAC supporting him.
David McCormick did not donate to Donald Trump's 2016 or 2020 presidential campaigns.
David McCormick has mainly supported Republicans, but has donated to Democrats including Dan Helmer and Amy McGrath, both Congressional candidates, and Senator Jack Reed.
David McCormick announced his candidacy for the Senate on January 13,2022.
David McCormick was criticized by his Republican primary opponents for recently being a resident of Connecticut and for leading a hedge fund that invested in China.
David McCormick denied the claim, but said he did have to eliminate 40 to 50 Pittsburgh-based jobs, denying they were related to outsourcing.
David McCormick lost to Oz in the primary election, garnering 31.1 percent of the vote compared to Oz's 31.2 percent.
However David McCormick later conceded the race to Oz and dropped the court case.
David McCormick lost to Oz by a margin of less than 1,000 votes.
David McCormick later praised President Trump's administration for measures to counter China.
David McCormick has highlighted the benefits of free trade stating in 2008 that "the key to remaining competitive in today's changing world is embracing openness to trade and to investment and to people".
David McCormick opposed US exports which gave advantages to China's military.
David McCormick has championed the role of a strong United States on the world stage and has advocated for the idea that the United States can focus on addressing domestic issues while leading efforts to promote human rights.
David McCormick has called for increasing skilled immigration to the United States.
David McCormick supports building a wall on the US-Mexico border.
In 2013, McCormick joined 131 other Republicans in signing an amicus brief filed at the United States Supreme Court supporting the legalization of gay marriage prior to Obergefell v Hodges.
In 2019, David McCormick married Dina Powell, an executive at Goldman Sachs who was Deputy National Security Advisor in the Trump Administration.
David McCormick was previously married to Amy Richardson, with whom he has four children.
David McCormick is a trustee of the Aspen Institute and he is the chairman of the International Advisory Board of the Atlantic Council.
David McCormick is a member of the Aspen Strategy Group and the Defense Policy Board.
In 2009, David McCormick was appointed a faculty member at Carnegie Mellon's Heinz College and named a Distinguished Service Professor of Information Technology, Public Policy and Management.
David McCormick is on the board of both the United Service Organizations and the Hospital for Special Surgery.