39 Facts About Henry Paulson

Henry Paulson served as Secretary of the Treasury, a key and highly influential Cabinet post, under President George W Bush.

Henry Paulson served through the end of the Bush administration, leaving office on January 20,2009.

Henry Paulson is the Chairman of the Paulson Institute, which he founded in 2011 to promote sustainable economic growth and a cleaner environment around the world, with an initial focus on the United States and China.

Henry Paulson was raised as a Christian Scientist on a farm in Barrington, Illinois.

Henry Paulson attained the rank of Eagle Scout in the Boy Scouts of America and is a recipient of the Distinguished Eagle Scout Award.

Henry Paulson was an athlete at Barrington High School, participating in wrestling and football.

Henry Paulson went on to attend Dartmouth College, where he graduated Phi Beta Kappa in 1968 with a degree in English.

Henry Paulson received his Master of Business Administration degree from Harvard Business School in 1970.

Henry Paulson was offered a Rhodes Scholarship following graduating from Dartmouth, but chose not to accept it.

Henry Paulson was Staff Assistant to the Assistant Secretary of Defense at The Pentagon from 1970 to 1972.

Henry Paulson then worked for the administration of US President Richard Nixon, serving as assistant to John Ehrlichman from 1972 to 1973.

From 1983 until 1988, Henry Paulson led the Investment Banking group for the Midwest Region, and became managing partner of the Chicago office in 1988.

Henry Paulson earned an estimated $480 million in total compensation from Goldman Sachs.

Henry Paulson has personally built close relations with China during his career.

Bush, Henry Paulson was able to defer his capital gains tax, saving himself an estimated $50 million.

Henry Paulson was sworn in at a ceremony held at the Treasury Department on the morning of July 10,2006.

Henry Paulson identified the wide gap between the richest and poorest Americans as an issue on his list of the country's four major long-term economic issues to be addressed, highlighting the issue in one of his first public appearances as Secretary of Treasury.

Henry Paulson conceded that chances were slim for agreeing on a method to reform Social Security financing, but said he would keep trying to find bipartisan support for it.

Henry Paulson helped to create the Hope Now Alliance to help struggling homeowners during the subprime mortgage crisis.

On March 26,2008, Secretary Henry Paulson said in remarks at the US Chamber of Commerce,.

In May 2008, The Wall Street Journal wrote that Henry Paulson said US financial markets are emerging from the credit crunch that many economists believe has pushed the country to the brink of recession.

On March 31,2008, Henry Paulson released "The Department of the Treasury Blueprint for a Modernized Financial Regulatory Structure".

In remarks announcing the release of the report, Henry Paulson cited the need to overhaul the financial regulatory system, saying:.

In light of the recent Bear Stearns criticism, Henry Paulson was against committing public funds towards a bailout, for fear of being labelled 'Mr Bailout'.

On September 19,2008, Henry Paulson called for the US government to use hundreds of billions of Treasury dollars to help financial firms clean up nonperforming mortgages threatening the liquidity of those firms.

Henry Paulson agreed with Bernanke that the only way to unlock the frozen capital markets was to provide direct injections into financial institutions so investors would have confidence in these institutions.

Opponents argued that Henry Paulson remained a Wall Street insider who maintained close friendships with higher-ups of the bailout beneficiaries.

In September 2015, Henry Paulson was awarded an honorary doctorate of laws and environmental policy by Washington College President and former FDIC Chair Sheila Bair.

Henry Paulson was named as a senior fellow at the University of Chicago's Harris School of Public Policy.

Henry Paulson has been a member of The Nature Conservancy for decades and was the organization's board chairman and co-chair of its Asia-Pacific Council.

In that capacity, Henry Paulson worked with former President of the People's Republic of China Jiang Zemin to preserve the Tiger Leaping Gorge in Yunnan.

Henry Paulson co-chaired a group called Risky Business that raised awareness of the projected economic impact of climate change.

Henry Paulson is a long-time supporter of Rare where his wife Wendy is the Chair Emerita.

Henry Paulson was the founding Chairman of the Advisory Board of the School of Economics and Management of Tsinghua University in Beijing.

Notable among the members of Bush's cabinet, Henry Paulson has said he is a strong believer in the effect of human activity on global warming and advocates immediate action to decrease this effect.

Henry Paulson further donated to conservancy causes US$100 million of assets from his wealth, and has pledged his entire fortune for the same purpose upon his death.

Henry Paulson met his wife, Wendy Judge, a Wellesley College graduate, during his senior year.

Henry Paulson was portrayed by William Hurt in the 2011 HBO film Too Big to Fail and by James Cromwell in the 2009 BBC film The Last Days of Lehman Brothers.

Henry Paulson is featured in the 2018 HBO documentary Panic: The Untold Story of the Financial Crisis.