George Pratt Shultz was an American economist, businessman, diplomat and statesman.
67 Facts About George Shultz
George Shultz served in various positions under two different Republican presidents and is one of the only two persons to have held four different Cabinet-level posts, the other being Elliot Richardson.
From 2011 to 2015, George Shultz was a member of the board of directors at Theranos, misleading investors into investing in the company's fraudulent technology and going so far as pressuring his whistleblower grandson to remain silent about his accusations.
George Shultz taught at MIT from 1948 to 1957, taking a leave of absence in 1955 to take a position on President Dwight D Eisenhower's Council of Economic Advisers.
In that role, George Shultz supported the Nixon shock, which sought to revive the ailing economy in part by abolishing the gold standard, and presided over the end of the Bretton Woods system.
George Shultz left the Nixon administration in 1974 to become an executive at Bechtel.
George Shultz pushed for Reagan to establish relations with Soviet leader Mikhail Gorbachev, which led to a thaw between the United States and the Soviet Union.
George Shultz opposed the US aid to Contras trying to overthrow the Sandinistas by using funds from an illegal sale of weapons to Iran.
George Shultz retired from public office in 1989 but remained active in business and politics.
George Shultz served as an informal adviser to George W Bush and helped formulate the Bush Doctrine of preemptive war.
George Shultz served on the Global Commission on Drug Policy, California Governor Arnold Schwarzenegger's Economic Recovery Council, and on the boards of Bechtel and the Charles Schwab Corporation.
George Shultz was a member of the Hoover Institution, the Institute for International Economics, the Washington Institute for Near East Policy, and other groups.
George Shultz was a prominent and hands-on board member of Theranos, which defrauded more than $700 million from its investors before it collapsed.
George Shultz was born December 13,1920, in New York City, the only child of Margaret Lennox and Birl Earl George Shultz.
George Shultz's great-grandfather was an immigrant from Germany who arrived in the United States in the middle of the 19th century.
Contrary to common assumption, Shultz was not a member of the Pratt family associated with John D Rockefeller and the Standard Oil Trust.
In 1938, George Shultz graduated from the private preparatory boarding high school Loomis Chaffee School in Windsor, Connecticut.
From 1942 to 1945, George Shultz was on active duty in the US Marine Corps.
George Shultz was an artillery officer, attaining the rank of captain.
George Shultz was attached to the US Army 81st Infantry Division during the Battle of Angaur.
In 1949, George Shultz earned a PhD in industrial economics from the Massachusetts Institute of Technology.
In 1957, George Shultz left MIT and joined the University of Chicago Graduate School of Business as a professor of industrial relations, and he served as the Graduate School of Business Dean from 1962 to 1968.
George Shultz left the University of Chicago to serve under President Richard Nixon in 1969.
George Shultz was President Richard Nixon's Secretary of Labor from 1969 to 1970.
George Shultz soon faced the crisis of the Longshoremen's Union strike.
George Shultz applied the theory he had developed in academia: he let the parties work it out, which they did quickly.
George Shultz became the first director of the Office of Management and Budget, the renamed and reorganized Bureau of the Budget, on July 1,1970.
George Shultz was United States Secretary of the Treasury from June 1972 to May 1974.
Domestically George Shultz enacted the next phase of the NEP, lifting price controls begun in 1971.
Meanwhile, George Shultz's attention was increasingly diverted from the domestic economy to the international arena.
George Shultz resigned shortly before Nixon to return to private life.
George Shultz is one of only two individuals to have served in four United States Cabinet positions within the United States government, the other having been Elliot Richardson.
George Shultz served for six and a half years, the longest tenure since Dean Rusk's.
George Shultz briefly lost his temper in response to some questions on the subject but was nevertheless unanimously confirmed by the Senate.
George Shultz relied primarily on the Foreign Service to formulate and implement Reagan's foreign policy.
George Shultz inherited negotiations with the People's Republic of China over Taiwan from his predecessor.
George Shultz resolved this "poisonous problem" in December 1982, when the United States agreed to abandon sanctions against the pipeline and the Europeans agreed to adopt stricter controls on strategic trade with the Soviets.
When General Secretary Mikhail Gorbachev of the Soviet Union came to power in 1985, George Shultz advocated that Reagan pursue a personal dialogue with him.
George Shultz subsequently negotiated an agreement between Israel and Lebanon and convinced Israel to begin partial withdrawal of its troops in January 1985 despite Lebanon's contravention of the settlement.
George Shultz was known for outspoken opposition to the "arms for hostages" scandal that would eventually become known as the Iran-Contra Affair.
George Shultz has been called the father of the "Bush Doctrine" and generally defended the Bush administration's foreign policy.
George Shultz supported the 2003 invasion of Iraq, writing in support of US military action months before the war began.
In 2003, George Shultz served as co-chair of California's Economic Recovery Council, an advisory group to the campaign of California gubernatorial candidate Arnold Schwarzenegger.
In later life, George Shultz continued to be a strong advocate for nuclear arms control.
In January 2011, George Shultz wrote a letter to President Barack Obama urging him to pardon Jonathan Pollard.
George Shultz stated, "I am impressed that the people who are best informed about the classified material Pollard passed to Israel, former CIA Director James Woolsey and former Chairman of the Senate Intelligence Committee Dennis DeConcini, favor his release".
George Shultz was a prominent advocate of efforts to fight anthropogenic climate change.
In 2016, George Shultz was one of eight former Treasury secretaries who called on the United Kingdom to remain a member of the European Union ahead of the "Brexit" referendum.
From 2011 to 2015, George Shultz was a member of the board of directors of Theranos, a health technology company that became known for its false claims to have devised revolutionary blood tests.
George Shultz was a prominent figure in the ensuing scandal.
George Shultz promoted Theranos founder Elizabeth Holmes at major forums, including Stanford University's Institute for Economic Policy Research, and was on record supporting her in major media publications.
George Shultz initially did not believe Tyler's warnings and pressured him to keep quiet.
Shultz had a long affiliation at the Hoover Institution at Stanford University, where he was a distinguished fellow and, beginning in 2011, the Thomas W and Susan B Ford Distinguished Fellow; from 2018 until his death, Shultz hosted events on governance at the institution.
George Shultz was co-chairman of the conservative Committee on the Present Danger.
George Shultz was an honorary director of the Institute for International Economics.
George Shultz was a member of the Washington Institute for Near East Policy board of advisors, the New Atlantic Initiative, the Mandalay Camp at the Bohemian Grove, and the Committee for the Liberation of Iraq.
George Shultz served as an advisory board member for the Partnership for a Secure America and Citizens' Climate Lobby.
George Shultz was honorary chairman of the Israel Democracy Institute.
George Shultz was a member of the advisory board of Spirit of America, a 501 organization.
George Shultz served on the board of directors of the Bechtel Corporation until 1996.
George Shultz served on the board of Gilead Sciences from 1996 to 2005.
George Shultz sat on the board of directors of Xyleco and Accretive Health.
Together again with former Secretary of Defense William Perry, George Shultz was serving on the board of Acuitus at the time of his death.
In 1997, George Shultz married Charlotte Mailliard Swig, a prominent San Francisco philanthropist and socialite.
George Shultz died at age 100 at his home in Stanford, California, on February 6,2021.
George Shultz was buried next to his first wife at Dawes Cemetery in Cummington, Massachusetts.