Edit this teenager
Henry Merritt Paulson was born in Florida and grew up in an agricultural town. In the Midwest, he kept his farms in barrington and Illinois, and his family still exists. He is 6 feet tall, dignified, simple and hardworking. In middle school, 1964 Dartmouth College, an Ivy League school in the eastern United States, admitted English to a certain extent. His height is about 1.86 meters. He is also one of the best football players in American Ivy League schools. Paulson 1968 entered Harvard Business School and obtained the MBA degree from Harvard University.
Edit this passage to enter a famous American school.
1970 After graduating from Harvard Business School, Paulson worked for the Pentagon. He served as an assistant to the president's staff, a member of the White House House House Committee, and an assistant secretary to President Nixon's defense chief of staff. Paulson is a bulldog and likes a young man under Cheney very much. "Paulson's friend talked about his early days in Washington and said admiringly," He is a salesman. His tenacity and enthusiasm make him very capable. "
1974 joined the Chicago office of Goldman Sachs as a bank assistant after the Watergate incident, and 1982 was promoted to partner. 1988, 1993 were appointed as managing partners of Goldman Sachs Chicago office, promoted to regional managing partners of the company in the United States, and investment banking in the central and western regions was appointed. 1May, 1999, officially became the chairman and CEO of Goldman Sachs Group.
Edit this paragraph to laugh at Wall Street.
Under Paulson's leadership, Goldman Sachs Group, the most profitable investment bank on Wall Street. Although Goldman Sachs, Merrill Lynch and three and a half Morgan Stanley are industry leaders, only a few employees of Goldman Sachs topped the profit list last year. In addition, since 2000, Goldman Sachs has maintained global M&A business.
During his tenure at Goldman Sachs, Paulson not only won the underwriting orders of bulk securities, but also led the commodity market of Goldman Sachs. Becoming the largest commodity futures speculator, Goldman Sachs' income, last year's commodity futures trading income has exceeded the investment banking business.
Paulson is also the most profitable banker on Wall Street. His salary income was $8.3 million, slightly higher than that of investment banks led by Merrill Lynch, O 'Neill, Fuld, Lehman Brothers, Bear Stearns, Kane and Morgan Stanley last year. Besides, Paulson is the most generous boss on Wall Street. According to the documents submitted to the US Securities and Exchange Commission and Goldman Sachs, the salary of the company's 22,425 employees in 2005 was11700 million US dollars, with an average of 52 1000 yuan per person, which was second to none on Wall Street. Under his leadership, Goldman Sachs became the most profitable securities company in the United States. In 2005, Goldman Sachs, with a history of more than 65,438+000 years, made a record profit of $5.6 billion.
Paulson belongs to the "hawk" of American securities industry. The dormant Goldman Sachs is over 30 years old and has a strict and tough wrist in running the army. (Goldman Sachs) 65,438+05% to 20% people have created 80% of the company's value, so many people are fired and closed, which will not affect the company's performance. "Paulson's famous saying still scares the vast majority of Goldman Sachs employees, but Goldman Sachs' painful layoffs" have not stagnated, second only to Merrill Lynch's estimate, and its layoff ratio, according to
With the unique ideas of Goldman Sachs, Merrill Lynch and Morgan Stanley, with the support of global investment banking, Paulson became the most profitable boss on Wall Street. After working at Goldman Sachs for 32 years, Paulson has saved more than $5 million in assets. In 2005 alone, Paulson earned $38.3 million a year. Paulson was introduced to leave Goldman Sachs, and the board of directors of Goldman Sachs specially prepared a "big red envelope" of $65,438+08.7 million for Paulson.
But Paulson, the head of Goldman Sachs, exerted influence far beyond Goldman Sachs. In addition to Goldman Sachs, Paulson also assumed the public responsibility of the corporate governance movement initiated on Wall Street. For example, in 2002, Paulson publicly and severely criticized the misconduct of American listed companies; When the grasso incident broke out, he took the lead in opposing grasso's salary structure as high as $65,438+$400 million, and advocated reorganizing the directors of the board of directors to be listed on the new york Stock Exchange. He is also the former CEO of Goldman Sachs, John? John Thain is the CEO of new york Stock Exchange. Paulson is the highest-ranking official of Goldman Sachs and the most influential American financier. In the "Wall Street Power List" selected by American media, in 2004, he once topped the list and was named "King of Wall Street Power".
The editor of this paragraph warmly invited President Paulson Bush to join the cabinet.
President Bush went to the cabinet to recruit Paulson, and he really made a lot of efforts. In the face of Bush's invitation, Paulson's initial reaction was to politely refuse because he didn't want to be a "vase" and a "megaphone". George W. Bush's two former Treasury Secretaries, Paul O 'Neill and John O 'Neill? Si Nuo, not the president's decision-making circle, left john snow as a salesman and ended up selling tax cuts at the White House. O 'Neill had to feel that being excluded from the White House's decision-making cycle was irrelevant.
Henry Merritt Paulson once again invited George H.W. Bush to be the US Treasury Secretary. After a long talk at the White House, Bush promised to make greater decisions on domestic and international economic policies. Two former Treasury Secretaries, Henry Merritt Paulson, will grant O 'Bissie O 'Neill substantive powers as Secretary of Defense and Secretary of State on an equal footing, and finally win Paulson's favor. On May 30th, 2006, Bush formally nominated Paulson to replace john snow as Treasury Secretary, and announced his resignation earlier that day.
The departure of snow is not unexpected. For months, White House officials have been whispering that he will leave. "The news of Paulson's appointment was unexpected. That is to say, in the White House, Paulson has been trying to "seduce" him as finance minister, but he refused several times because the Bush cabinet looks like a minister and the role of finance has been downgraded to "salesman".
Paulson's friend mentioned that the overburdened service "should have a bright future" as the finance minister, so he would give $383,000 to work on Wall Street, and when he went to Washington to take office, the latter's income was only $200,000, a difference of nearly 200 times. With such a big gap, Paulson's agreement to be Treasury Secretary is definitely not for money. After all, he only owns millions of dollars worth of Goldman shares. Soon, John W. Si Nuo's autographed US dollar bill was printed with the words "green back" and replaced by "Henry M. Paulson", and he was sworn in as the new president of the United States, with the authority granted by Treasury Secretary Henry Merritt Paulson.
Compared with the previous inauguration ceremony of the finance minister, Paulson's inauguration ceremony seems to have received special attention from Bush. Mr. President, there was even a "rare" (AP phrase) who walked out of the White House Treasury Building to attend the ceremony. In the past, Bush often sat in his car. Bush announced the appointment of Paulson, praising Paulson for his rich business experience and deep understanding of the securities market, and his ability to look at the economic situation. "Paulson will be the chief adviser on local and international economic policies, and we will maintain the same attitude, formulate corresponding policies for the country, and continue to maintain the prosperity of the US economy."
"Another example of the Ministry of Finance-Wall Street Community," said Dr. Mei Xinyu, the research institute of China Ministry of Commerce appointed by Paulson. "The power of the community is too strong, and the background of manufacturing and transportation is fundamentally conflicting." It should be said that Bush must find this man. "Bloomberg's evaluation started with snow." Although widely praised, it has never become the real "inside story" of the Bush administration. "
Paulson said at the inauguration ceremony: "Economic development is closely linked to the global economy. We must work hard to promote trade and investment and promote reform, opening up, modernization and international financial markets. " He also said that he would make every effort to maintain the development of the American economy. "Dynamic, flexible and open mode.
After providing a brief inauguration declaration, Paulson immediately called a meeting of all the staff of the US Treasury Department, and they put forward a plan for the future work of the Treasury Department. After a day's rest, Paulson also had a telephone conversation with 1 1 members of the US Congress and government and senior financial officials from other countries.