Henry Corporation bank forex department of homeland official Treasury photo, 2006. American banker who subsequently served as the 74th Secretary of the Treasury.
Henry Merritt Paulson, a wholesale jeweler. He was raised as a Christian Scientist on a farm in Barrington, Illinois. He has Norwegian, German, and English Canadian ancestry. A star athlete at Barrington High School, Paulson was a champion wrestler and stand-out football player, graduating in 1964. He met his wife, Wendy Judge, a Wellesley College graduate, during his senior year. The couple have two adult children, sports-team owner Henry Merritt Paulson III, more commonly known as Merritt Paulson, and journalist Amanda Paulson. The Paulsons became grandparents in June 2007.
Paulson was Staff Assistant to the Assistant Secretary of Defense at The Pentagon from 1970 to 1972. He then worked for the administration of U. Paulson joined Goldman Sachs in 1974, working in the firm’s Chicago office under James P. Gorter, covering large industrial companies in the Midwest. He became a partner in 1982. Paulson has personally built close relations with China during his career. In July 2008, The Daily Telegraph reported “Treasury Secretary Hank Paulson has intimate relations with the Chinese elite, dating from his days at Goldman Sachs when he visited the country more than 70 times.
600 million in 2006, in order to comply with conflict-of-interest regulations. Because of a tax provision passed under President George H. Bush, Paulson was not subject to capital gains tax. Paulson was nominated on May 30, 2006, by U. Bush to succeed John Snow as the Treasury Secretary. On June 28, 2006, he was confirmed by the United States Senate to serve in the position.
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. 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. He also helped to create the Hope Now Alliance to help struggling homeowners during the subprime mortgage crisis. Paulson was known to have persuaded President George W. Bush to allow him to spearhead U. China relations and initiated and led the U. China Strategic Economic Dialogue, a forum and mechanism under which the two countries addressed global areas of immediate and long-term strategic and economic interest.