George Shultz
George Shultz | |
---|---|
Preceded by | Alexander Haig |
Succeeded by | James Baker |
62nd United States Secretary of the Treasury | |
In office June 12, 1972 – May 8, 1974 | |
President | Richard Nixon |
Preceded by | John Connally |
Succeeded by | William E. Simon |
19th Director of the Office of Management and Budget | |
In office July 1, 1970 – June 11, 1972 | |
President | Richard Nixon |
Preceded by | Bob Mayo (Bureau of the Budget) |
Succeeded by | Caspar Weinberger |
11th United States Secretary of Labor | |
In office January 22, 1969 – July 1, 1970 | |
President | Richard Nixon |
Preceded by | W. Willard Wirtz |
Succeeded by | James Day Hodgson |
Personal details | |
Born | George Pratt Shultz December 13, 1920 New York City, U.S. |
Died | February 6, 2021 Stanford, California, U.S. | (aged 100)
Resting place | Dawes Cemetery, Cummington, Massachusetts, U.S. |
Political party | Republican |
Spouses |
|
Children | 5 |
Education | |
Awards | Presidential Medal of Freedom (1989) |
Signature | |
Military service | |
Branch/service | United States Marine Corps |
Years of service | 1942–1945 |
Rank | Captain |
Battles/wars |
|
George Pratt Shultz (/ʃʊlts/ SHUULTS; December 13, 1920 – February 6, 2021) was an American economist, businessman, diplomat and statesman. He 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.[1] Shultz played a major role in shaping the foreign policy of the Ronald Reagan administration, and conservative foreign policy thought thereafter.
Born in New York City, he graduated from
Shultz left the Nixon administration in 1974 to become an executive at
Shultz retired from public office in 1989 but remained active in business and politics. He had already been an executive of the
Beginning in 2013, Shultz advocated for a revenue-neutral
Early life and career
Shultz was born December 13, 1920, in New York City, the only child of Margaret Lennox (née Pratt) and Birl Earl Shultz. He grew up in Englewood, New Jersey.[10] His 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.[11]
After attending the local public school, he transferred to the Englewood School for Boys (now
From 1942 to 1945, Shultz was on active duty in the
In 1949, Shultz earned a PhD in
Nixon administration
Secretary of Labor
Shultz was President
Office of Management and Budget
Shultz became the first director of the Office of Management and Budget, the renamed and reorganized Bureau of the Budget, on July 1, 1970.[21] He was the agency's 19th director.[22]
Secretary of the Treasury
Shultz was United States Secretary of the Treasury from June 1972 to May 1974. During his tenure, he was concerned with two major issues, namely the continuing domestic administration of Nixon's "New Economic Policy", begun under Secretary John Connally (Shultz privately opposed its three elements), and a renewed dollar crisis that broke out in February 1973.[11][23]
Domestically Shultz enacted the next phase of the NEP, lifting price controls begun in 1971. This phase was a failure, resulting in high inflation, and price freezes were reestablished five months later.[23]
Meanwhile, Shultz's attention was increasingly diverted from the domestic economy to the international arena. In 1973, he participated in an international monetary conference in Paris that grew out of the 1971 decision to abolish the
Shultz was instrumental in freedom for
]Business executive
In 1974, he left government service to become executive vice president of
Under Shultz's leadership, Bechtel received contracts for many large construction projects, including from Saudi Arabia. In the year before he left Bechtel, the company reported a 50% increase in revenue.[27]
Reagan administration
Shultz is one of only two individuals to have served in four
Secretary of State
On July 16, 1982, Shultz was appointed by President
Shultz relied primarily on the Foreign Service to formulate and implement Reagan's foreign policy. As reported in the State Department's official history, "by the summer of 1985, Shultz had personally selected most of the senior officials in the Department, emphasizing professional over political credentials in the process [...] The Foreign Service responded in kind by giving Shultz its 'complete support,' making him one of the most popular Secretaries since Dean Acheson."[30] Shultz's success came from not only the respect he earned from the bureaucracy but the strong relationship he forged with Reagan, who trusted him completely.[32]
Diplomatic historian Walter LaFeber states that his 1993 memoir, Turmoil and Triumph: My Years as Secretary of State, "is the most detailed, vivid, outspoken, and reliable record we probably shall have of the 1980s until the documents are opened".[33]
Relations with China
Shultz inherited negotiations with the People's Republic of China over
Relations with Europe and the Soviet Union
By the summer of 1982, relations were strained not only between Washington and Moscow but also between Washington and key capitals in Western Europe. In response to the imposition of martial law in Poland the previous December, the Reagan administration had imposed sanctions on a pipeline between West Germany and the Soviet Union. European leaders vigorously protested sanctions that damaged their interests but not U.S. interests in grain sales to the Soviet Union. 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.[35]
A more controversial issue was the NATO Ministers' 1979 "dual track" decision: if the Soviets refused to remove their SS-20 medium range ballistic missiles within four years, then the Allies would deploy a countervailing force of cruise and Pershing II missiles in Western Europe. When negotiations on these intermediate nuclear forces (INF) stalled, 1983 became a year of protest. Shultz and other Western leaders worked hard to maintain allied unity amidst anti-nuclear demonstrations in Europe and the United States. In spite of Western protests and Soviet propaganda, the allies began deployment of the missiles as scheduled in November 1983.[35]
U.S.–Soviet tensions were raised by the announcement in March 1983 of the Strategic Defense Initiative, and exacerbated by the Soviet shoot-down of Korean Air Lines Flight 007 near Moneron Island on September 1. Tensions reached a height with the Able Archer 83 exercises in November 1983, during which the Soviets feared a pre-emptive American attack.[36]
Following the missile deployment and the exercises, both Shultz and Reagan resolved to seek further dialogue with the Soviets.[35][37]
When
Two more events in 1988 persuaded Shultz that Soviet intentions were changing. First, the Soviet Union's initial withdrawal from Afghanistan indicated that the Brezhnev Doctrine was dead. "If the Soviets left Afghanistan, the Brezhnev Doctrine would be breached, and the principle of 'never letting go' would be violated", Shultz reasoned.[38] The second event, according to Keren Yarhi-Milo of Princeton University, happened during the 19th Communist Party Conference, "at which Gorbachev proposed major domestic reforms such as the establishment of competitive elections with secret ballots; term limits for elected officials; separation of powers with an independent judiciary; and provisions for freedom of speech, assembly, conscience, and the press."[38] The proposals indicated that Gorbachev was making revolutionary and irreversible changes.[38]
Middle East diplomacy
In response to the escalating violence of the
During the First Intifada (see Arab–Israeli conflict), Shultz "proposed ... an international convention in April 1988 ... on an interim autonomy agreement for the West Bank and Gaza Strip, to be implemented as of October for a three-year period".[41] By December 1988, after six months of shuttle diplomacy, Shultz had established a diplomatic dialogue with the Palestine Liberation Organization, which was picked up by the next Administration.[30]
Latin America
Shultz was known for outspoken opposition to the "arms for hostages" scandal that would eventually become known as the
Later life
After leaving public office, Shultz "retained an iconoclastic streak" and publicly opposed some positions taken by fellow
Shultz was an early advocate of the presidential candidacy of George W. Bush, whose father, George H. W. Bush, was Reagan's vice president. In April 1998, Shultz hosted a meeting at which George W. Bush discussed his views with policy experts including Michael Boskin, John Taylor, and Condoleezza Rice, who were evaluating possible Republican candidates to run for president in 2000. At the end of the meeting, the group felt they could support Bush's candidacy, and Shultz encouraged him to enter the race.[47][48]
He then served as an informal advisor for
In a 2008 interview with Charlie Rose, Shultz spoke out against the U.S. embargo against Cuba, saying that U.S. sanctions against the island country were "ridiculous" in the post-Soviet world and that U.S. engagement with Cuba was a better strategy.[51]
In 2003, Shultz served as co-chair (along with Warren Buffett) of California's Economic Recovery Council, an advisory group to the campaign of California gubernatorial candidate Arnold Schwarzenegger.[52]
In later life, Shultz continued to be a strong advocate for
In January 2011, Shultz wrote a letter to President Barack Obama urging him to pardon Jonathan Pollard. He 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".[56]
Shultz was a prominent advocate of efforts to fight
In 2016, 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.[57]
Theranos scandal
From 2011 to 2015, 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.[7][58][59] He was a prominent figure in the ensuing scandal. After joining the company's board in November 2011, he recruited other political figures, including former Secretary of State Henry Kissinger, former Secretary of Defense William Perry, and former U.S. Senator Sam Nunn. Shultz also promoted Theranos founder Elizabeth Holmes at major forums, including Stanford University's Institute for Economic Policy Research (SIEPR), and was on record supporting her in major media publications. This helped Holmes in her efforts to raise money from investors.[60][61]
Shultz's grandson, Tyler Shultz, joined Theranos in September 2013 after graduating from
When media reports exposed controversial practices there in 2015, the company moved their non-technical directors like Shultz to a "Board of Counselors" and replaced them with a technical board. In 2016 Theranos' "Board of Counselors" was "retired".[67] Theranos was shut down on September 4, 2018.[68] In a 2019 media statement, Shultz praised his grandson for not having shrunk "from what he saw as his responsibility to the truth and patient safety, even when he felt personally threatened and believed that I had placed allegiance to the company over allegiance to higher values and our family. ... Tyler navigated a very complex situation in ways that made me proud."[66]
Other memberships held
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.[69][70] Shultz was chairman of JPMorgan Chase's international advisory council.[50] He was co-chairman of the conservative Committee on the Present Danger.[50]
He was an honorary director of the
Shultz served on the board of directors of the
Together again with former Secretary of Defense William Perry, Shultz was serving on the board of Acuitus at the time of his death.[77] And he has been member of the advisory board of the Peter G. Peterson Foundation.
Family
While on a rest and recreation break in Hawaii from serving in the Marines in the
In 1997, Shultz married
Death
Shultz died at age 100 at his home in Stanford, California, on February 6, 2021.[82][83][84] He was buried next to his first wife at Dawes Cemetery in Cummington, Massachusetts.[85]
President Joe Biden reacted to Shultz's death by saying, "He was a gentleman of honor and ideas, dedicated to public service and respectful debate, even into his 100th year on Earth. That's why multiple presidents, of both political parties, sought his counsel. I regret that, as president, I will not be able to benefit from his wisdom, as have so many of my predecessors."[86]
Honors and prizes
|
|
- 2001 – Eisenhower Medal for Leadership[93]
- 2000 – Woodrow Wilson Award for Public Service
- 1996 – Koret Prize[93]
- 1992 – Seoul Peace Prize (Korea)[93]
- 1992 – United States Military Academy, Sylvanus Thayer Award
- 1989 – Presidential Medal of Freedom[93]
- 1989 – Order of the Rising Sun with Paulownia Flowers, Grand Cordon (Japan)[100]
- 1986 – Freedoms Foundation, George Washington Medal[93]
- 1986 – U.S. Senator John Heinz Award (Jefferson Awards) For Public Service[101]
- 1970 – Fellow of the American Academy of Arts and Sciences[102]
Honorary degrees
Honorary degrees were conferred on Shultz from the universities of Columbia, Notre Dame, Loyola, Pennsylvania, Rochester, Princeton, Carnegie Mellon, City University of New York, Yeshiva, Northwestern, Technion, Tel Aviv, Weizmann Institute of Science, Baruch College of New York, Williams College, Hebrew University of Jerusalem, Tbilisi State University in the Republic of Georgia, and Keio University in Tokyo.[93]
Selected works
- Shultz, George P. and ISBN 978-0-8179-1845-3, 2015.
- Shultz, George P. Issues on My Mind: Strategies for the Future, Hoover Institution Press, ISBN 9780817916244, 2013.
- Shultz, George P. and Shoven, John B. Putting Our House in Order: A Guide to Social Security and Health Care Reform. New York: ISBN 9780393069617, 2008
- Shultz, George P. Economics in Action: Ideas, Institutions, Policies, Hoover Institution on War, Revolution and Peace, Stanford University, ISBN 9780817956332, 1995.
- Shultz, George P. Turmoil and Triumph: My Years as Secretary of State, New York: ISBN 9781451623116, 1993.
- Shultz, George P. U.S. Policy and the Dynamism of the Pacific; Sharing the Challenges of Success, East-West Center (Honolulu), Pacific Forum, and the Pacific and Asian Affairs Council, 1988.[103]
- The U.S. and Central America: Implementing the National Bipartisan Commission Report: Report to the President from the Secretary of State, U.S. Department of State (Washington, D.C.), 1986.[104]
- Risk, Uncertainty, and Foreign Economic Policy, D. Davies Memorial Institute of International Studies, 1981.[105]
- (With Kenneth W. Dam) Economic Policy beyond the Headlines, Stanford Alumni Association, ISBN 9780226755991, 1977.
- Shultz, George P. Leaders and Followers in an Age of Ambiguity, ISBN 0814777651, 1975.
- (With ISBN 0226707059, 1970.
- (With Arnold R. Weber) Strategies for the Displaced Worker: Confronting Economic Change, ISBN 97808371885531966.
- (Editor and author of introduction, with Robert Z. Aliber) Guidelines, Informal Controls, and the Market Place: Policy Choices in a Full Employment Economy, University of Chicago Press (Chicago), 1966.[106]
- (Editor, with Thomas Whisler) Management Organization and the Computer, Free Press (New York), 1960.[107]
- Automation, a new dimension to old problems by George P. Shultz and George Benedict Baldwin (Washington: Public Affairs Press, 1955).[108]
- (Editor, with John R. Coleman) Labor Problems: Cases and Readings, McGraw (New York), 1953.[109]
- Pressures on Wage Decisions: A Case Study in the Shoe Industry, Wiley (New York), ASIN B0000CHZNP1951.
- (With Charles Andrew Myers) The Dynamics of a Labor Market: A Study of the Impact of Employment Changes on Labor Mobility, Job Satisfaction, and Company and Union Policies, ISBN 9780837186207,1951.
See also
- Foreign policy of the Reagan administration
- International Conference on Nuclear Disarmament
- Nuclear Tipping Point
References
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- ^ "Princeton University Press Release: Whig-Clio to honor Shultz for public service, Nov. 9". Archived from the original on March 5, 2016. Retrieved May 15, 2012.
- ^ "American Economic Association". www.aeaweb.org. Archived from the original on September 5, 2015. Retrieved March 17, 2012.
- ^ Department Of State. The Office of Electronic Information, Bureau of Public Affairs. "Secretary Powell to Present American Foreign Service Association Award to George P. Shultz - June 26". 2001-2009.state.gov. Archived from the original on November 17, 2017. Retrieved February 8, 2021.
- ^ a b Sleeman, Elizabeth. (2003). The International Who's Who 2004, p. 1547.
- ^ "National – Jefferson Awards Foundation". Archived from the original on November 24, 2010. Retrieved August 5, 2013.
- ^ "Book of Members, 1780–2010: Chapter S" (PDF). American Academy of Arts and Sciences. Archived (PDF) from the original on October 5, 2018. Retrieved April 13, 2011.
- hdl:10125/24229. Archivedfrom the original on February 2, 2020. Retrieved February 8, 2021.
- ^ The U.S. and Central America : implementing the National Bipartisan Commission report : report to the President from the Secretary of State / United States Department of State. US and Central America. U.S. Dept. of State, Bureau of Public Affairs, Office of Public Communication, Editorial Division. 1986. Retrieved February 8, 2021 – via HathiTrust.
- ^ Shultz, George Pratt (1981). Risk, Uncertainty, and Foreign Economic Policy. David Davies Memorial Institute of International Studies. Archived from the original on February 8, 2021. Retrieved February 8, 2021.
- ^ Shultz, George P.; Aliber, Robert Z. (1966). Guidelines, Informal Controls, and the Market Place: Policy Choices in a Full Employment Economy. University of Chicago Press. Archived from the original on February 8, 2021. Retrieved February 8, 2021.
- ^ Management organization and the computer: proc. of a seminar ... Free Press. 1960. Archived from the original on February 8, 2021. Retrieved February 8, 2021.
- ^ Shultz, George Pratt; Baldwin, George Benedict (1955). Automation, a New Dimension to Old Problems. Public Affairs Press. Archived from the original on February 8, 2021. Retrieved February 8, 2021.
- ^ Shultz, George Pratt; Coleman, John Royston (1953). Labor Problems: Cases and Readings. McGraw-Hill. Archived from the original on February 8, 2021. Retrieved February 8, 2021.
Further reading
- Christison, Kathleen. "The Arab-Israeli Policy of George Shultz". Journal of Palestine Studies 18.2 (1989): 29–47.
- Coleman, Bradley Lynn and Kyle Longley, eds. Reagan and the World: Leadership and National Security, 1981–1989 (University Press of Kentucky, 2017), 319 pp. essays by scholars
- Hopkins, Michael F. "Ronald Reagan's and George HW Bush's Secretaries of State: Alexander Haig, George Shultz and James Baker." Journal of Transatlantic Studies 6.3 (2008): 228–245.
- Kieninger, Stephan. The diplomacy of détente: cooperative security policies from Helmut Schmidt to George Shultz (Routledge, 2018).
- LaFranchi, Howard (March 9, 2010). "The World According to George Shultz". The Christian Science Monitor Weekly. 112 (16). Harklan, IA: The Christian Science Publishing Society: 3, 22–28. ISSN 2166-3262.
- Laham, Nicholas. Crossing the Rubicon: Ronald Reagan and US Policy in the Middle East (Routledge, 2018).
- Matlock Jr, Jack, et al. Reagan and the World: Leadership and National Security, 1981–1989 (UP of Kentucky, 2017).
- Matlock, Jack (2004). Reagan and Gorbachev: How the Cold War Ended. New York: Random House. ISBN 0-679-46323-2.
- Pee, Robert, and William Michael Schmidli, eds. The Reagan administration, the cold war, and the transition to democracy promotion (Springer, 2018).
- Preston, Andrew. "A Foreign Policy Divided Against Itself: George Shultz versus Caspar Weinberger." in Andrew L. Johns, ed., A Companion to Ronald Reagan (2015): 546–564.
- Rather, Dan and Gary Paul Gates, The Palace Guard (1974)
- Safire, William, Before the Fall: An Inside Look at the Pre-Watergate White House (1975)
- Skoug, Kenneth N. The United States and Cuba Under Reagan and Shultz: A Foreign Service Officer Reports. (Praeger, 1996).
- Taubman, Philip. In the Nation's Service: The Life and Times of George P. Shultz. (Stanford University Press, 2023)
- Wallis, W. Allen. "George J. Stigler: In memoriam". Journal of Political Economy 101.5 (1993): 774–779.
- Williams, Walter. "George Shultz on managing the White House." Journal of Policy Analysis and Management 13.2 (1994): 369–375. online
- Wilson, James Graham (2014). The Triumph of Improvisation: Gorbachev's Adaptability, Reagan's Engagement, and the End of the Cold War. Ithaca: Cornell University Press. ISBN 978-0801452291.
Primary sources
- Shultz, George P. Turmoil and Triumph My Years As Secretary of State (1993) online
- Shultz, George P. and James Timbie. A Hinge of History: Governance in an Emerging New World (2020) excerpt
External links
- Foreign Service Journal article on his Lifetime Contributions to American Diplomacy Award.
- Turmoil & Triumph: The George Shultz Years Archived June 14, 2018, at the Wayback Machine
- "George P. Shultz". Hoover Institution, Stanford University. 2008. Archived from the original on September 10, 2005..
- Association for the Study of the Middle East and Africa (ASMEA)
- Library of Economics and Liberty.
Video
- Appearances on C-SPAN
- Turmoil & Triumph: The George Shultz Years: A Call to Service on YouTubeFreeToChooseNetwork
- George Shultz discusses his book Putting Our House in Order on YouTube(April 15, 2008, at Stanford)
- George Shultz on panel aired on Democracy Now! program, September 6, 2007