George P. Shultz
Encyclopedia
George Pratt Shultz is an American economist
Economist
An economist is a professional in the social science discipline of economics. The individual may also study, develop, and apply theories and concepts from economics and write about economic policy...

, statesman, and businessman. He served as the United States Secretary of Labor
United States Secretary of Labor
The United States Secretary of Labor is the head of the Department of Labor who exercises control over the department and enforces and suggests laws involving unions, the workplace, and all other issues involving any form of business-person controversies....

 from 1969 to 1970, as the U.S. Secretary of the Treasury
United States Secretary of the Treasury
The Secretary of the Treasury of the United States is the head of the United States Department of the Treasury, which is concerned with financial and monetary matters, and, until 2003, also with some issues of national security and defense. This position in the Federal Government of the United...

 from 1972 to 1974, and as the U.S. Secretary of State
United States Secretary of State
The United States Secretary of State is the head of the United States Department of State, concerned with foreign affairs. The Secretary is a member of the Cabinet and the highest-ranking cabinet secretary both in line of succession and order of precedence...

 from 1982 to 1989. Before entering politics, he was professor of economics at MIT and the University of Chicago
University of Chicago
The University of Chicago is a private research university in Chicago, Illinois, USA. It was founded by the American Baptist Education Society with a donation from oil magnate and philanthropist John D. Rockefeller and incorporated in 1890...

, serving as Dean of the University of Chicago Graduate School of Business from 1962 to 1969. Between 1974 and 1982, Shultz was an executive at Bechtel
Bechtel
Bechtel Corporation is the largest engineering company in the United States, ranking as the 5th-largest privately owned company in the U.S...

, eventually becoming the firm's president. He is currently a distinguished fellow at Stanford University
Stanford University
The Leland Stanford Junior University, commonly referred to as Stanford University or Stanford, is a private research university on an campus located near Palo Alto, California. It is situated in the northwestern Santa Clara Valley on the San Francisco Peninsula, approximately northwest of San...

's Hoover Institution
Hoover Institution
The Hoover Institution on War, Revolution and Peace is a public policy think tank and library founded in 1919 by then future U.S. president, Herbert Hoover, an early alumnus of Stanford....

.

Early life, education

George Shultz was born in New York City
New York City
New York is the most populous city in the United States and the center of the New York Metropolitan Area, one of the most populous metropolitan areas in the world. New York exerts a significant impact upon global commerce, finance, media, art, fashion, research, technology, education, and...

, the son of Margaret Lennox (née Pratt) and Birl Earl Shultz.

In 1938, Shultz graduated from the Loomis Chaffee School in Windsor, Connecticut
Windsor, Connecticut
Windsor is a town in Hartford County, Connecticut, United States, and was the first English settlement in the state. It lies on the northern border of Connecticut's capital, Hartford. The population was estimated at 28,778 in 2005....

. He attended college at Princeton University
Princeton University
Princeton University is a private research university located in Princeton, New Jersey, United States. The school is one of the eight universities of the Ivy League, and is one of the nine Colonial Colleges founded before the American Revolution....

, majoring in economics
Economics
Economics is the social science that analyzes the production, distribution, and consumption of goods and services. The term economics comes from the Ancient Greek from + , hence "rules of the house"...

 with a minor in public and international affairs. His senior thesis was an examination of the Tennessee Valley Authority
Tennessee Valley Authority
The Tennessee Valley Authority is a federally owned corporation in the United States created by congressional charter in May 1933 to provide navigation, flood control, electricity generation, fertilizer manufacturing, and economic development in the Tennessee Valley, a region particularly affected...

's effect on local agriculture, for which he conducted on-site research. Shultz graduated with honors in 1942.

Following his college graduation, Shultz joined the U.S. Marine Corps
United States Marine Corps
The United States Marine Corps is a branch of the United States Armed Forces responsible for providing power projection from the sea, using the mobility of the United States Navy to deliver combined-arms task forces rapidly. It is one of seven uniformed services of the United States...

 and served until 1945, attaining the rank of Captain. He served as a Marine Corps officer detached to the 81st Infantry Division of the Army during the Battle of Peleliu
Battle of Peleliu
The Battle of Peleliu, codenamed Operation Stalemate II, was fought between the United States and the Empire of Japan in the Pacific Theater of World War II, from September–November 1944 on the island of Peleliu, present-day Palau. U.S...

.

In 1949, Shultz earned a Ph.D.
Ph.D.
A Ph.D. is a Doctor of Philosophy, an academic degree.Ph.D. may also refer to:* Ph.D. , a 1980s British group*Piled Higher and Deeper, a web comic strip*PhD: Phantasy Degree, a Korean comic series* PhD Docbook renderer, an XML renderer...

 in industrial
Industry
Industry refers to the production of an economic good or service within an economy.-Industrial sectors:There are four key industrial economic sectors: the primary sector, largely raw material extraction industries such as mining and farming; the secondary sector, involving refining, construction,...

 economics
Economics
Economics is the social science that analyzes the production, distribution, and consumption of goods and services. The term economics comes from the Ancient Greek from + , hence "rules of the house"...

 from the Massachusetts Institute of Technology
Massachusetts Institute of Technology
The Massachusetts Institute of Technology is a private research university located in Cambridge, Massachusetts. MIT has five schools and one college, containing a total of 32 academic departments, with a strong emphasis on scientific and technological education and research.Founded in 1861 in...

.

University professor

He taught in both the MIT Department of Economics
MIT Department of Economics
The MIT Department of Economics is a department of the Massachusetts Institute of Technology in Cambridge, Massachusetts.Undergraduate studies in economics were introduced in the 19th century by institute president Francis Amasa Walker. The department's Ph.D...

 and the MIT Sloan School of Management
MIT Sloan School of Management
The MIT Sloan School of Management is the business school of the Massachusetts Institute of Technology, in Cambridge, Massachusetts....

 from 1948 to 1957, with a leave of absence in 1955 to serve on President Dwight Eisenhower's Council of Economic Advisers as a senior staff economist. In 1957, Shultz joined the University of Chicago
University of Chicago
The University of Chicago is a private research university in Chicago, Illinois, USA. It was founded by the American Baptist Education Society with a donation from oil magnate and philanthropist John D. Rockefeller and incorporated in 1890...

 Graduate School of Business as professor of industrial relations. Later, he was named dean in 1962.
While at UChicago, he was influenced by Nobel prize
Nobel Prize
The Nobel Prizes are annual international awards bestowed by Scandinavian committees in recognition of cultural and scientific advances. The will of the Swedish chemist Alfred Nobel, the inventor of dynamite, established the prizes in 1895...

 winners Milton Friedman
Milton Friedman
Milton Friedman was an American economist, statistician, academic, and author who taught at the University of Chicago for more than three decades...

 and George Stigler
George Stigler
George Joseph Stigler was a U.S. economist. He won the Nobel Memorial Prize in Economic Sciences in 1982, and was a key leader of the Chicago School of Economics, along with his close friend Milton Friedman....

, who reinforced Shultz' view of the importance of a free-market economy.

Nixon Administration

Shultz served as President Richard Nixon
Richard Nixon
Richard Milhous Nixon was the 37th President of the United States, serving from 1969 to 1974. The only president to resign the office, Nixon had previously served as a US representative and senator from California and as the 36th Vice President of the United States from 1953 to 1961 under...

's secretary of labor from 1969 to 1970, during which time he forced Pennsylvania
Pennsylvania
The Commonwealth of Pennsylvania is a U.S. state that is located in the Northeastern and Mid-Atlantic regions of the United States. The state borders Delaware and Maryland to the south, West Virginia to the southwest, Ohio to the west, New York and Ontario, Canada, to the north, and New Jersey to...

 construction unions which refused to accept black members to admit a certain number of blacks by an enforced deadline. This marked the first use of racial quotas in the federal government. He then became the first director of the Office of Management and Budget.

Secretary of the Treasury

He was United States Secretary of the Treasury
United States Secretary of the Treasury
The Secretary of the Treasury of the United States is the head of the United States Department of the Treasury, which is concerned with financial and monetary matters, and, until 2003, also with some issues of national security and defense. This position in the Federal Government of the United...

 from May 1972 to May 1974. During his tenure, Shultz was concerned with two major issues: the continuing domestic administration of Nixon's "New Economic Policy," begun under Secretary John B. Connally, and a renewed dollar crisis that broke out in February 1973.

Domestically Shultz enacted the next phase of the NEP, which involved a lifting of price controls
Price controls
Price controls are governmental impositions on the prices charged for goods and services in a market, usually intended to maintain the affordability of staple foods and goods, and to prevent price gouging during shortages, or, alternatively, to insure an income for providers of certain goods...

 begun in 1971. This phase was a failure, resulting in high inflation
Inflation
In economics, inflation is a rise in the general level of prices of goods and services in an economy over a period of time.When the general price level rises, each unit of currency buys fewer goods and services. Consequently, inflation also reflects an erosion in the purchasing power of money – a...

, and price freezes were reestablished five months later.

Meanwhile Shultz's attention was increasingly diverted from the domestic economy to the international arena. He participated in an international monetary conference in Paris in 1973, which grew out of the 1971 decision to abolish the gold standard
Gold standard
The gold standard is a monetary system in which the standard economic unit of account is a fixed mass of gold. There are distinct kinds of gold standard...

, a decision that Shultz and Paul Volcker
Paul Volcker
Paul Adolph Volcker, Jr. is an American economist. He was the Chairman of the Federal Reserve under United States Presidents Jimmy Carter and Ronald Reagan from August 1979 to August 1987. He is widely credited with ending the high levels of inflation seen in the United States in the 1970s and...

 had supported (see Nixon Shock
Nixon Shock
The Nixon Shock was a series of economic measures taken by U.S. President Richard Nixon in 1971 including unilaterally cancelling the direct convertibility of the United States dollar to gold that essentially ended the existing Bretton Woods system of international financial exchange.-Background:By...

). The conference formally abolished the Bretton Woods system
Bretton Woods system
The Bretton Woods system of monetary management established the rules for commercial and financial relations among the world's major industrial states in the mid 20th century...

, thereby causing all currencies to float. During this period Shultz co-founded the "Library Group," which became the G-7. Shultz resigned shortly before Nixon to return to private life.

Business executive

In 1974, he left government service to become president and director of Bechtel Group, a large engineering
Engineering
Engineering is the discipline, art, skill and profession of acquiring and applying scientific, mathematical, economic, social, and practical knowledge, in order to design and build structures, machines, devices, systems, materials and processes that safely realize improvements to the lives of...

 and services company.

Secretary of State for Reagan

On July 16, 1982, he was appointed by President Ronald Reagan
Ronald Reagan
Ronald Wilson Reagan was the 40th President of the United States , the 33rd Governor of California and, prior to that, a radio, film and television actor....

 to serve as the sixtieth U.S. secretary of state, replacing Alexander Haig
Alexander Haig
Alexander Meigs Haig, Jr. was a United States Army general who served as the United States Secretary of State under President Ronald Reagan and White House Chief of Staff under Presidents Richard Nixon and Gerald Ford...

, who had resigned. Shultz would serve for six and a half years - the longest tenure since Dean Rusk
Dean Rusk
David Dean Rusk was the United States Secretary of State from 1961 to 1969 under presidents John F. Kennedy and Lyndon B. Johnson. Rusk is the second-longest serving U.S...

.

Shultz relied primarily on the Foreign Service
United States Foreign Service
The United States Foreign Service is a component of the United States federal government under the aegis of the United States Department of State. It consists of approximately 11,500 professionals carrying out the foreign policy of the United States and aiding U.S...

 to formulate and implement Reagan’s foreign policy. 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 the most popular Secretary since Dean Acheson
Dean Acheson
Dean Gooderham Acheson was an American statesman and lawyer. As United States Secretary of State in the administration of President Harry S. Truman from 1949 to 1953, he played a central role in defining American foreign policy during the Cold War...

 and, along with Acheson and George Marshall
George Marshall
George Catlett Marshall was an American military leader, Chief of Staff of the Army, Secretary of State, and the third Secretary of Defense...

, one of the most admired Secretaries in the 20th century. Shultz' success came not only from the respect he earned from the bureaucracy but also from the strong relationship he forged with Reagan, who trusted him completely.

Relations with China

Shultz inherited negotiations with China
China
Chinese civilization may refer to:* China for more general discussion of the country.* Chinese culture* Greater China, the transnational community of ethnic Chinese.* History of China* Sinosphere, the area historically affected by Chinese culture...

 over Taiwan
Taiwan
Taiwan , also known, especially in the past, as Formosa , is the largest island of the same-named island group of East Asia in the western Pacific Ocean and located off the southeastern coast of mainland China. The island forms over 99% of the current territory of the Republic of China following...

 from his predecessor. Under the terms of the Taiwan Relations Act
Taiwan Relations Act
The Taiwan Relations Act is an act of the United States Congress passed in 1979 after the establishment of diplomatic relations with the People's Republic of China and the breaking of relations between the United States and the Republic of China on the island of Taiwan by President Jimmy Carter...

, the United States was obligated to assist in Taiwan's defense, which included the sale of arms. The Administration debate on Taiwan, especially over the sale of military aircraft, resulted in a crisis in relations with China, which was only alleviated in August 1982, when, after months of arduous negotiations, the United States and China issued a joint communiqué
Three Communiques
The Three Communiqué or The Three Joint Communiqués are a collection of three joint statements made by the governments of the United States and the People's Republic of China. The communiqué played a crucial role in the normalization of relations between the U.S. and the P.R.C...

 on Taiwan in which the United States agreed to limit arms sales and China agreed to seek a “peaceful solution.”

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
Martial law in Poland
Martial law in Poland refers to the period of time from December 13, 1981 to July 22, 1983, when the authoritarian government of the People's Republic of Poland drastically restricted normal life by introducing martial law in an attempt to crush political opposition to it. Thousands of opposition...

 the previous December, the Reagan administration had imposed sanctions on a pipeline between West Germany
West Germany
West Germany is the common English, but not official, name for the Federal Republic of Germany or FRG in the period between its creation in May 1949 to German reunification on 3 October 1990....

 and the Soviet Union
Soviet Union
The Soviet Union , officially the Union of Soviet Socialist Republics , was a constitutionally socialist state that existed in Eurasia between 1922 and 1991....

. 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.

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 the protest. Shultz and other Western leaders worked hard to maintain allied unity amidst popular anti-nuclear demonstrations in Europe and United States. In spite of Western protests and Soviet propaganda, the allies began deployment of the missiles as scheduled in November 1983.

US-Soviet tensions were raised by the announcement in March 1983 of the Strategic Defense Initiative
Strategic Defense Initiative
The Strategic Defense Initiative was proposed by U.S. President Ronald Reagan on March 23, 1983 to use ground and space-based systems to protect the United States from attack by strategic nuclear ballistic missiles. The initiative focused on strategic defense rather than the prior strategic...

, and exacerbated by the Soviet shoot-down of Korean Air Lines Flight 007 near Moneron Island
Moneron Island
Moneron Island, is a Russian possession located off Sakhalin Island.-Description:Moneron has an area of about and a highest point of . It is approximately long by wide, and is located from Sakhalin's port of Nevelsk and about directly southwest of Sakhalin Island itself at the northeastern...

 on September 1. Tensions reached a height with the Able Archer 83
Able Archer 83
Able Archer 83 was a ten-day NATO command post exercise starting on November 2, 1983 that spanned Western Europe, centred on the Supreme Headquarters Allied Powers Europe Headquarters situated at Casteau, north of the Belgian city of Mons. Able Archer exercises simulated a period of conflict...

 exercises in November 1983, during which the Soviets feared a pre-emptive American attack.

Following the missile deployment and the exercises, both Shultz and Reagan resolved to seek further dialogue with the Soviets.

When Mikhail Gorbachev
Mikhail Gorbachev
Mikhail Sergeyevich Gorbachev is a former Soviet statesman, having served as General Secretary of the Communist Party of the Soviet Union from 1985 until 1991, and as the last head of state of the USSR, having served from 1988 until its dissolution in 1991...

 came to power in 1985, Shultz advocated that Reagan pursue a personal dialogue with him. This relationship produced its most practical result in December 1987, when the two leaders signed the Intermediate Range Nuclear Forces Treaty. The treaty, which eliminated an entire class of missiles in Europe, was a milestone in the history of the Cold War
Cold War
The Cold War was the continuing state from roughly 1946 to 1991 of political conflict, military tension, proxy wars, and economic competition between the Communist World—primarily the Soviet Union and its satellite states and allies—and the powers of the Western world, primarily the United States...

. Although Gorbachev took the initiative, Reagan was well prepared by the State Department to adopt a policy of negotiations.

Middle East diplomacy

In response to the escalating violence of the Lebanese civil war
Lebanese Civil War
The Lebanese Civil War was a multifaceted civil war in Lebanon. The war lasted from 1975 to 1990 and resulted in an estimated 150,000 to 230,000 civilian fatalities. Another one million people were wounded, and today approximately 350,000 people remain displaced. There was also a mass exodus of...

, Reagan sent a Marine contingent to protect the Palestinian refugee camps and support the Lebanese Government. The October 1983 bombing
1983 Beirut barracks bombing
The Beirut Barracks Bombing occurred during the Lebanese Civil War, when two truck bombs struck separate buildings housing United States and French military forces—members of the Multinational Force in Lebanon—killing 299 American and French servicemen...

 of the Marine barracks in Beirut killed 241 U.S. servicemen, after which the deployment came to an ignominious end. Shultz subsequently negotiated an agreement between Israel and Lebanon
Lebanon
Lebanon , officially the Republic of LebanonRepublic of Lebanon is the most common term used by Lebanese government agencies. The term Lebanese Republic, a literal translation of the official Arabic and French names that is not used in today's world. Arabic is the most common language spoken among...

 and convinced Israel to begin a partial withdrawal of its troops in January 1985 despite Lebanon’s contravention of the settlement.

During the First Intifada
First Intifada
The First Intifada was a Palestinian uprising against the Israeli occupation of the Palestinian Territories. The uprising began in the Jabalia refugee camp and quickly spread throughout Gaza, the West Bank and East Jerusalem....

 (see Arab-Israeli conflict), Shultz "proposed ... an international convention in April 1988 ... on an interim autonomy
Autonomy
Autonomy is a concept found in moral, political and bioethical philosophy. Within these contexts, it is the capacity of a rational individual to make an informed, un-coerced decision...

 agreement for the West Bank
West Bank
The West Bank ) of the Jordan River is the landlocked geographical eastern part of the Palestinian territories located in Western Asia. To the west, north, and south, the West Bank shares borders with the state of Israel. To the east, across the Jordan River, lies the Hashemite Kingdom of Jordan...

 and Gaza Strip
Gaza Strip
thumb|Gaza city skylineThe Gaza Strip lies on the Eastern coast of the Mediterranean Sea. The Strip borders Egypt on the southwest and Israel on the south, east and north. It is about long, and between 6 and 12 kilometres wide, with a total area of...

, to be implemented as of October for a three-year period". By December 1988, following six months of shuttle diplomacy
Shuttle diplomacy
In diplomacy and international relations, shuttle diplomacy is the action of an outside party in serving as an intermediary between principals in a dispute, without direct principal-to-principal contact...

, Shultz had established a diplomatic dialogue with the Palestine Liberation Organization
Palestine Liberation Organization
The Palestine Liberation Organization is a political and paramilitary organization which was created in 1964. It is recognized as the "sole legitimate representative of the Palestinian people" by the United Nations and over 100 states with which it holds diplomatic relations, and has enjoyed...

, which was picked up by the next Administration.

Latin America

Shultz was well known for outspoken opposition to the "arms for hostages" scandal that would eventually become the Iran Contra
Iran-Contra Affair
The Iran–Contra affair , also referred to as Irangate, Contragate or Iran-Contra-Gate, was a political scandal in the United States that came to light in November 1986. During the Reagan administration, senior Reagan administration officials and President Reagan secretly facilitated the sale of...

 situation. In a 1983 testimony before the U.S. Congress, he said that the Sandinista government in Nicaragua
Nicaragua
Nicaragua is the largest country in the Central American American isthmus, bordered by Honduras to the north and Costa Rica to the south. The country is situated between 11 and 14 degrees north of the Equator in the Northern Hemisphere, which places it entirely within the tropics. The Pacific Ocean...

 was "a cancer
Cancer
Cancer , known medically as a malignant neoplasm, is a large group of different diseases, all involving unregulated cell growth. In cancer, cells divide and grow uncontrollably, forming malignant tumors, and invade nearby parts of the body. The cancer may also spread to more distant parts of the...

 in our own land mass
Land mass
Land mass refers to the total area of a country or geographical region . The Earth's total land mass is which is about 29.2% of its total surface. Water covers approximately 70.8% of the Earth's surface, mostly in the form of oceans....

", that must be "cut out". He was also opposed to any negotiation with the government of Daniel Ortega
Daniel Ortega
José Daniel Ortega Saavedra is a Nicaraguan politician and revolutionary, currently serving as the 83rd President of Nicaragua, a position that he has held since 2007. He previously served as the 79th President, between 1985 and 1990, and for much of his life, has been a leader in the Sandinista...

: "Negotiations are a euphemism for capitulation if the shadow of power is not cast across the bargaining table."

Later life

George Shultz left office on January 20, 1989, but continues to be a strategist for the Republican Party
Republican Party (United States)
The Republican Party is one of the two major contemporary political parties in the United States, along with the Democratic Party. Founded by anti-slavery expansion activists in 1854, it is often called the GOP . The party's platform generally reflects American conservatism in the U.S...

. He was an advisor for George W. Bush
George W. Bush
George Walker Bush is an American politician who served as the 43rd President of the United States, from 2001 to 2009. Before that, he was the 46th Governor of Texas, having served from 1995 to 2000....

's presidential campaign during the 2000 election, and senior member of the so-called "The Vulcans
The Vulcans
The Vulcans is a nickname used to refer to Republican Presidential candidate George W. Bush's foreign policy advisory team assembled to brief him prior to the 2000 U.S. presidential election. The Vulcans were led by Condoleezza Rice and included Richard Armitage, Robert Blackwill, Stephen Hadley,...

", a group of policy mentors for Bush which also included among its members Dick Cheney
Dick Cheney
Richard Bruce "Dick" Cheney served as the 46th Vice President of the United States , under George W. Bush....

, Paul Wolfowitz
Paul Wolfowitz
Paul Dundes Wolfowitz is a former United States Ambassador to Indonesia, U.S. Deputy Secretary of Defense, President of the World Bank, and former dean of the Paul H. Nitze School of Advanced International Studies at Johns Hopkins University...

 and Condoleezza Rice
Condoleezza Rice
Condoleezza Rice is an American political scientist and diplomat. She served as the 66th United States Secretary of State, and was the second person to hold that office in the administration of President George W. Bush...

. One of his most senior advisors and confidants is former ambassador Charles Hill, who holds dual positions at the Hoover Institution
Hoover Institution
The Hoover Institution on War, Revolution and Peace is a public policy think tank and library founded in 1919 by then future U.S. president, Herbert Hoover, an early alumnus of Stanford....

 and Yale University
Yale University
Yale University is a private, Ivy League university located in New Haven, Connecticut, United States. Founded in 1701 in the Colony of Connecticut, the university is the third-oldest institution of higher education in the United States...

. Shultz has been called the father of the "Bush Doctrine
Bush Doctrine
The Bush Doctrine is a phrase used to describe various related foreign policy principles of former United States president George W. Bush. The phrase was first used by Charles Krauthammer in June 2001 to describe the Bush Administration's unilateral withdrawals from the ABM treaty and the Kyoto...

", because of his advocacy of preventive war
Preventive war
A preventive war or preventative war is a war initiated to prevent another party from attacking, when an attack by that party is not imminent or known to be planned. Preventive war aims to forestall a shift in the balance of power by strategically attacking before the balance of power has a chance...

. He generally defends the Bush administration's foreign policy.

After leaving public office in 1989, Shultz became the first prominent Republican to call for the legalization of recreational drugs. He went on to add his signature to an advertisement, published in The New York Times
The New York Times
The New York Times is an American daily newspaper founded and continuously published in New York City since 1851. The New York Times has won 106 Pulitzer Prizes, the most of any news organization...

on June 8, 1998, entitled "We believe the global war on drugs
War on Drugs
The War on Drugs is a campaign of prohibition and foreign military aid and military intervention being undertaken by the United States government, with the assistance of participating countries, intended to both define and reduce the illegal drug trade...

 is now causing more harm than drug abuse
Drug abuse
Substance abuse, also known as drug abuse, refers to a maladaptive pattern of use of a substance that is not considered dependent. The term "drug abuse" does not exclude dependency, but is otherwise used in a similar manner in nonmedical contexts...

 itself." In 2011, he was part of the Global Commission on Drug Policy
Global Commission on Drug Policy
The Global Commission on Drug Policy was a 19-person panel which issued an assessment in 2011 of the global war against drugs, saying "it's an abject disaster" according to one report. The emphasis in drug policy on harsh law enforcement over four decades has not accomplished its goal of banishing...

, which called for a public health
Public health
Public health is "the science and art of preventing disease, prolonging life and promoting health through the organized efforts and informed choices of society, organizations, public and private, communities and individuals" . It is concerned with threats to health based on population health...

 and harm reduction
Harm reduction
Harm reduction refers to a range of public health policies designed to reduce the harmful consequences associated with recreational drug use and other high risk activities...

 approach towards drug use, alongside with other luminaries such as Kofi Annan
Kofi Annan
Kofi Atta Annan is a Ghanaian diplomat who served as the seventh Secretary-General of the UN from 1 January 1997 to 31 December 2006...

, Paul Volcker
Paul Volcker
Paul Adolph Volcker, Jr. is an American economist. He was the Chairman of the Federal Reserve under United States Presidents Jimmy Carter and Ronald Reagan from August 1979 to August 1987. He is widely credited with ending the high levels of inflation seen in the United States in the 1970s and...

, and George Papandreou
George Papandreou
Georgios A. Papandreou , commonly anglicised to George and shortened to Γιώργος in Greek, is a Greek politician who served as Prime Minister of Greece following his party's victory in the 2009 legislative election...

.

In April 1998, Shultz hosted a meeting at which George W. Bush
George W. Bush
George Walker Bush is an American politician who served as the 43rd President of the United States, from 2001 to 2009. Before that, he was the 46th Governor of Texas, having served from 1995 to 2000....

 discussed his views with policy experts including Michael Boskin
Michael Boskin
Michael Jay Boskin is the T. M. Friedman Professor of Economics and senior fellow at Stanford University's Hoover Institution. He also is Chief Executive Officer and President of Boskin & Co., an economic consulting company.Boskin holds B.A. with highest honors, M.A., and Ph.D...

, John Taylor
John B. Taylor
John Brian Taylor is the Mary and Robert Raymond Professor of Economics at Stanford University, and the George P. Shultz Senior Fellow in Economics at Stanford University's Hoover Institution....

 and Condoleezza Rice
Condoleezza Rice
Condoleezza Rice is an American political scientist and diplomat. She served as the 66th United States Secretary of State, and was the second person to hold that office in the administration of President George W. Bush...

, who were evaluating possible Republican candidates to run for President in 2000. At the end of the meeting, the group felt they could support a Bush candidacy, and Shultz encouraged him to enter the race.

He also has spoken against the Cuban embargo
United States embargo against Cuba
The United States embargo against Cuba is a commercial, economic, and financial embargo partially imposed on Cuba in October 1960...

, going as far as calling the U.S. policy towards Cuba
Cuba
The Republic of Cuba is an island nation in the Caribbean. The nation of Cuba consists of the main island of Cuba, the Isla de la Juventud, and several archipelagos. Havana is the largest city in Cuba and the country's capital. Santiago de Cuba is the second largest city...

 "insane". He has argued that free trade
Free trade
Under a free trade policy, prices emerge from supply and demand, and are the sole determinant of resource allocation. 'Free' trade differs from other forms of trade policy where the allocation of goods and services among trading countries are determined by price strategies that may differ from...

 would help bring down Fidel Castro
Fidel Castro
Fidel Alejandro Castro Ruz is a Cuban revolutionary and politician, having held the position of Prime Minister of Cuba from 1959 to 1976, and then President from 1976 to 2008. He also served as the First Secretary of the Communist Party of Cuba from the party's foundation in 1961 until 2011...

's regime and that the embargo only helps justify the continued repression in the island.

In August 2003, Shultz was named co-chair (along with Warren Buffett
Warren Buffett
Warren Edward Buffett is an American business magnate, investor, and philanthropist. He is widely regarded as one of the most successful investors in the world. Often introduced as "legendary investor, Warren Buffett", he is the primary shareholder, chairman and CEO of Berkshire Hathaway. He is...

) of California
California
California is a state located on the West Coast of the United States. It is by far the most populous U.S. state, and the third-largest by land area...

's Economic Recovery Council, an advisory group to the campaign of California gubernatorial candidate Arnold Schwarzenegger
Arnold Schwarzenegger
Arnold Alois Schwarzenegger is an Austrian-American former professional bodybuilder, actor, businessman, investor, and politician. Schwarzenegger served as the 38th Governor of California from 2003 until 2011....

.

On January 5, 2006, he participated in a meeting at the White House
White House
The White House is the official residence and principal workplace of the president of the United States. Located at 1600 Pennsylvania Avenue NW in Washington, D.C., the house was designed by Irish-born James Hoban, and built between 1792 and 1800 of white-painted Aquia sandstone in the Neoclassical...

 of former Secretaries of Defense and State, to discuss United States foreign policy with Bush administration officials.

On January 15, 2008, Shultz co-authored an opinion paper published in the Wall Street Journal entitled "Toward a Nuclear-Free World". His co-authors were William Perry
William Perry
William James Perry is an American businessman and engineer who was the United States Secretary of Defense from February 3, 1994, to January 23, 1997, under President Bill Clinton...

, Henry Kissinger
Henry Kissinger
Heinz Alfred "Henry" Kissinger is a German-born American academic, political scientist, diplomat, and businessman. He is a recipient of the Nobel Peace Prize. He served as National Security Advisor and later concurrently as Secretary of State in the administrations of Presidents Richard Nixon and...

 and Sam Nunn
Sam Nunn
Samuel Augustus Nunn, Jr. is an American lawyer and politician. Currently the co-chairman and Chief Executive Officer of the Nuclear Threat Initiative , a charitable organization working to reduce the global threats from nuclear, biological and chemical weapons, Nunn served for 24 years as a...

.

Shultz is the chairman of JPMorgan Chase's International Advisory Council and an honorary director of the Institute for International Economics
Institute for International Economics
The Peter G. Peterson Institute for International Economics , formerly the Institute for International Economics, is a private, non-profit, and nonpartisan think tank focused on international economics, based in Washington, D.C. It was founded by C...

. He is a member of the Hoover Institution
Hoover Institution
The Hoover Institution on War, Revolution and Peace is a public policy think tank and library founded in 1919 by then future U.S. president, Herbert Hoover, an early alumnus of Stanford....

 at Stanford University
Stanford University
The Leland Stanford Junior University, commonly referred to as Stanford University or Stanford, is a private research university on an campus located near Palo Alto, California. It is situated in the northwestern Santa Clara Valley on the San Francisco Peninsula, approximately northwest of San...

, the Washington Institute for Near East Policy
Washington Institute for Near East Policy
The Washington Institute for Near East Policy is a think tank based in Washington, D.C. focused on United States foreign policy in the Middle East. It was established by the American Israel Public Affairs Committee in 1985...

 (WINEP) Board of Advisors, the New Atlantic Initiative, the prestigious Mandalay Camp at the Bohemian Grove
Bohemian Grove
Bohemian Grove is a campground located at 20601 Bohemian Avenue, in Monte Rio, California, belonging to a private San Francisco-based men's art club known as the Bohemian Club...

, the Committee for the Liberation of Iraq
Committee for the Liberation of Iraq
The Committee for the Liberation of Iraq was described as a "non-governmental organization" which described itself as a "distinguished group of Americans" who wanted to "free Iraq from Saddam Hussein"...

, and the Committee on the Present Danger
Committee on the Present Danger
The Committee on the Present Danger is an American foreign policy interest group. Its current stated single goal is "to stiffen American resolve to confront the challenge presented by terrorism and the ideologies that drive it" through "education and advocacy"...

. He is honorary chairman of The Israel Democracy Institute (www.idi.org.il). Shultz formerly served on the board of directors for the Bechtel Corporation, Charles Schwab Corporation, and was a member of the board of directors of Gilead Sciences
Gilead Sciences
Gilead Sciences is a biopharmaceutical company that discovers, develops and commercializes therapeutics. For many years since the company was founded, the company concentrated primarily on antiviral drugs to treat patients infected with HIV, hepatitis B or influenza. In 2006, Gilead acquired two...

 from January 1996 to December 2005. He is currently a co-chairman of the North American Forum
North American Forum
The North American Forum is an annual meeting of U.S., Canadian and Mexican government and business representatives to discuss issues related to continental economic and social integration...

 and also serves on the board for Accretive Health.

Family

While serving with the Marines in Hawaii
Hawaii
Hawaii is the newest of the 50 U.S. states , and is the only U.S. state made up entirely of islands. It is the northernmost island group in Polynesia, occupying most of an archipelago in the central Pacific Ocean, southwest of the continental United States, southeast of Japan, and northeast of...

, he met nurse lieutenant Helena Maria "Obie" O'Brien (1915–1995). They married and had five children. In 1997, after the death of Helena, he married Charlotte Mailliard
Charlotte Mailliard
Charlotte Smith Mailliard Swig Shultz is an American heiress and socialite. She is the Chief of Protocol for the state of California, and the former Chief of Protocol and Director of Special Events for the City and County of San Francisco. She is the wife of former United States Secretary of State...

 Swig, a prominent San Francisco socialite. Their marriage was called the "Bay Area Wedding of the Year" and they remain a power couple in San Francisco.

Honors and prizes

  • 2011 – Honourary Officer of the Order of Australia
    Order of Australia
    The Order of Australia is an order of chivalry established on 14 February 1975 by Elizabeth II, Queen of Australia, "for the purpose of according recognition to Australian citizens and other persons for achievement or for meritorious service"...

  • 2007 – Truman Medal for Economic Policy.
  • 2007 – Emma Lazarus
    Emma Lazarus
    Lazarus began to be more interested in her Jewish ancestry after reading the George Eliot novel, Daniel Deronda, and as she heard of the Russian pogroms in the early 1880s. This led Lazarus to write articles on the subject. She also began translating the works of Jewish poets into English...

     Statue of Liberty
    Statue of Liberty
    The Statue of Liberty is a colossal neoclassical sculpture on Liberty Island in New York Harbor, designed by Frédéric Bartholdi and dedicated on October 28, 1886...

     Award.
  • 2006 – National World War II Museum
    National World War II Museum
    The National World War II Museum, formerly known as the National D-Day Museum, is a museum located in the Central Business District of New Orleans, Louisiana, at the corner of Andrew Higgins Boulevard and Magazine Street. It focuses on the contribution made by the United States to victory by the...

    , American Spirit Award.
  • 2005 – Lead21
    Lead21
    Lead21 is a conservative public policy and advocacy organization focused on entrepreneurship and technology innovation. It was founded in the United States by several Silicon Valley entrepreneurs in 2001...

     Lifetime Achievement Award.
  • 2002 – Reagan Distinguished American Award.
  • 2002 – Ralph Bunche Award.

  • American Philosophical Society
    American Philosophical Society
    The American Philosophical Society, founded in 1743, and located in Philadelphia, Pa., is an eminent scholarly organization of international reputation, that promotes useful knowledge in the sciences and humanities through excellence in scholarly research, professional meetings, publications,...

    .
  • James H. Doolittle Award
    James H. Doolittle Award
    The James H. Doolittle Award is an honor presented annually by the Society of Experimental Test Pilots. It is an award for "outstanding accomplishment in technical management or engineering achievement in aerospace technology". The award consists of a perpetual trophy on permanent display at SETP...

    .
  • Elliot Richardson Prize.
  • John Witherspoon Medal.

  • 2001 – Eisenhower Medal for Leadership.
  • 2000 – Woodrow Wilson
    Woodrow Wilson
    Thomas Woodrow Wilson was the 28th President of the United States, from 1913 to 1921. A leader of the Progressive Movement, he served as President of Princeton University from 1902 to 1910, and then as the Governor of New Jersey from 1911 to 1913...

     Award for Public Service .
  • 1996 – Koret Prize.
  • 1992 – Seoul Peace Prize
    Seoul Peace Prize
    The Seoul Peace Prize was established in 1990 as a biennial recognition with monetary award to commemorate the success of the 24th Summer Olympic Games held in Seoul, Korea, an event in which 160 nations from across the world took part, creating harmony and friendship...

     (Korea).
  • 1992 – United States Military Academy, Sylvanus Thayer Award
    Sylvanus Thayer Award
    The Sylvanus Thayer Award is an award that is given each year by the United States Military Academy at West Point. Sylvanus Thayer was the fifth superintendent of that academy and in honor of his achievements, the award was created...

    .
  • 1989 – Presidential Medal of Freedom
    Presidential Medal of Freedom
    The Presidential Medal of Freedom is an award bestowed by the President of the United States and is—along with thecomparable Congressional Gold Medal bestowed by an act of U.S. Congress—the highest civilian award in the United States...

    .
  • 1989 – Order of the Rising Sun with Paulownia Flowers, Grand Cordon
    Order of the Rising Sun
    The is a Japanese order, established in 1875 by Emperor Meiji of Japan. The Order was the first national decoration awarded by the Japanese Government, created on April 10, 1875 by decree of the Council of State. The badge features rays of sunlight from the rising sun...

     (Japan).
  • 1989 – Jefferson Award.
  • 1986 – Freedoms Foundation, George Washington Medal.
  • 1970 – Fellow of the American Academy of Arts and Sciences
    American Academy of Arts and Sciences
    The American Academy of Arts and Sciences is an independent policy research center that conducts multidisciplinary studies of complex and emerging problems. The Academy’s elected members are leaders in the academic disciplines, the arts, business, and public affairs.James Bowdoin, John Adams, and...

    .

Honorary degrees

Honorary degrees have been conferred 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.

Selected works

  • Shultz, George P. and Shoven, John B. Putting Our House in Order: A Guide to Social Security and Health Care Reform. New York: W. W. Norton, 2008
  • Shultz, George P. "Turmoil and Triumph: My Years as Secretary of State", New York: Scribner's 1993.

See also

  • Foreign policy of the Reagan administration
    Foreign policy of the Reagan administration
    The foreign policy of the Ronald Reagan administration was the foreign policy of the United States from 1981 to 1989. It was characterized by a strategy of "peace through strength" followed by a warming of relations with the Soviet Union, and resulting in an end to the Cold War when Mikhail...

  • International Conference on Nuclear Disarmament
    International Conference on Nuclear Disarmament
    The International Conference on Nuclear Disarmament took place in Oslo on 26 and 27 February 2008. It was organized by The Government of Norway, the Norwegian Radiation Protection Authority in collaboration with the NTI and the Hoover Institute...

  • Korean Air Lines Flight 007

External links


Video

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