George Pratt Shultz was an American economist, diplomat, and businessman. He served in various positions under three different Republican presidents. Shultz played a major role in shaping the foreign policy of the Ronald Reagan administration. He died in Washington, D.C., on December 25, 2013.
About George Shultz in brief
George Pratt Shultz was an American economist, diplomat, and businessman. He served in various positions under three different Republican presidents. He is one of only two people to have held four different Cabinet-level posts. Shultz played a major role in shaping the foreign policy of the Ronald Reagan administration. He was a prominent figure in the scandal of the biotech firm Theranos, continuing to support it as a board member in the face of mounting evidence of fraud. He served as an informal adviser to George W. Bush and helped formulate the Bush Doctrine of preemptive war. His great-grandfather was an immigrant from Germany who arrived in the U.S. in the middle of the 19th century. Contrary to common assumption, Shultz wasn’t a member of the Pratt family associated with John D. Rockefeller and the Standard Oil Trust. Shultz earned a Ph. D. in industrial economics from the Massachusetts Institute of Technology after World War II. After the war, he 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. He left MIT and joined the University of Chicago Graduate School of Business as a professor of industrial relations from 1962 to 1968, and he served as the Graduate School’s Dean from 1968 to 1968. In 1969, he left Chicago to serve under President Richard Nixon as the United States Secretary of Labor.
In 1970, he became the first director of the Office of Management and Budget until his appointment as Secretary of the Treasury in 1972. He retired from public office in 1989 but remained active in business and politics, and served on the boards of Bechtel and the Charles Schwab Corporation. Beginning in 2013, he advocated for a revenue-neutral carbon tax as the most economically sound means of mitigating anthropogenic climate change. He died in Washington, D.C., on December 25, 2013. For confidential support on suicide matters call the Samaritans on 08457 90 90 90 or visit a local Samaritans branch, see www.samaritans.org for details. For confidential help, call the National Suicide Prevention Lifeline on 1-800-273-8255 or go to www.suicidepreventionlifeline.org. For support in the UK, call 08457 909090 or click here. For help in the United Kingdom, visit the Samaritan’s Samaritans’ website. For information on suicide prevention in the Netherlands, go to http://www. Samaritans.co.uk/. For help with suicide matters in the Middle East, contact the British Foreign Office on 0300 123 909 or visit the British Embassy in London on 0800 123 9090 or the United Nations on 020 709090. For assistance in the developing world, visit http:// www.nations.org/helping-in-the-developing-world-and-countries-for-a-safe-world.
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