Henry Paulson (Merritt Henry "Hank" Paulson, Jr., March 28, 2009 - 1946, was born in Palm Beach, Florida. He worked as a major investment banker Chairman and Chief Executive Officer of Goldman Sachs Group, currently the U.S. Secretary of State's Treasury Department executive

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Henry Paulson was born in Florida. Raised in a small farming town in the Midlands and West, retaining the farm in Barrington, Illinois, where the family still lives, he was 6 feet tall, well-groomed, and studied hard, in high school in 1964. Ivy League school Dartmouth College (Dartmouth College), admitted to a certain extent in English, about 1.86 meters tall, he is also one of the best football players in the American Ivy League schools. Paulson entered Harvard in 1968. Business School and received an MBA from Harvard University

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After graduating from Harvard Business School in 1970, Paulson Pentagon Kicks Paulson was a bulldog and a young man who was very fond of Cheney. "Paulson's friends said of him. In Washington's early years, he said with admiration: "He is a salesman's salesman, and his tenacity and enthusiasm make him very effective."

After the Watergate scandal in 1974, he joined Goldman Sachs' Chicago office, where he served as a banking associate in the Chicago office and was promoted to partner in 1982. In 1988, he was named managing partner of Goldman Sachs' Chicago office in 1993. He was promoted to the firm's U.S. Regional Managing Partner, Investment Banking for the Midwest Region, was appointed President and Chief Operating Officer in May 1999. He officially became Chairman and Chief Executive Officer of Goldman Sachs.

Editor's paragraph laughs. Proud of Wall Street

Under Paulson's leadership, Goldman Sachs Group became the most profitable investment bank on Wall Street, despite the industry leaders of Goldman Sachs and Merrill Lynch and three and a half Morgan Stanley. In addition, Goldman Sachs has maintained its global mergers and acquisitions business since 2000.

During Paulson’s order, Goldman Sachs not only won securities. Underwriting large orders and leading Goldman Sachs to become the largest commodity futures speculator, Goldman's revenue from commodity futures trading last year exceeded that of investment banking.

Paulson is also the most profitable on Wall Street. banker, who earned $8.3 million in salary last year, more than last year at Merrill Lynch, O'Neill, Fuld, Lehman Brothers, Bear Stearns, Cairn and Morgan Stanley Morgan Stanley), the investment banks at the head of these Big Macs are a step ahead. Additionally, Paulson is Wall Street's most generous boss, according to documents filed with the Securities and Exchange Commission by Goldman Sachs. The firm's 22,425 employees received $11.7 billion in compensation in 2005, an average of $521,000 each. First on Wall Street. Under his leadership, Goldman Sachs became the most profitable securities firm in the United States. In 2005, with more than 100 years of history, Goldman Sachs' profits reached a record high of $5.6 billion.

Paulson belongs to the "hawks" in the U.S. securities industry. Dormant Goldman Sachs is over 30 years old, and he has a strict and tough approach to management. (Goldman Sachs) 15% to 20% of people create 80% of the value of the company, so many people will be fired and closed, and will not affect the performance of the company,” Paulson’s classic famous saying still makes the vast majority of Most Goldman Sachs employees were horrified after Paulson's apologetic remarks, but Goldman Sachs' painful layoffs have indeed not stalled, second only to Merrill Lynch estimates of its share of layoffs, according to Fortune.

With the support of a unique concept that allowed the trio of Goldman Sachs, Merrill Lynch and Morgan Stanley to retain their status in the global investment banking industry over the years, Paulson became Wall Street's most profitable boss After spending 32 years at Goldman Sachs, Paulson saved more than $500 million in assets. In 2005 alone, Paulson's annual salary was as high as $38.3 million. Paulson reportedly left Goldman Sachs, and the Goldman Sachs board of directors specially prepared a cash "big red envelope" of US$18.7 million for Paulson.

But as the head of Goldman Sachs, Paulson exerts influence far beyond Goldman Sachs. In addition to being responsible for Goldman Sachs, Paulson also took on accountability, the corporate governance movement launched on Wall Street.

For example, in 2002, Paulson publicly severely criticized the misconduct of U.S. listed companies; when the Grasso case broke out, he took the lead in opposing Grasso's salary structure of up to 140 million US dollars, advocating the reorganization of board directors on the New York Stock Exchange. , he is also the CEO of the New York Stock Exchange under former Goldman Sachs CEO John Thain. Paulson, the most senior official at Goldman Sachs, has also become the most influential American financial tycoon. In 2004, he topped the "Wall Street Power List" selected by the American media and was nicknamed the "King of Wall Street Power".

Edit this paragraph to cordially invite President Bush to the Cabinet.

President Bush went to the Cabinet to recruit Paulson. Indeed, it took a lot of effort. When faced with Bush's invitation, Paulson's initial reaction was to politely refuse because he did not want to be a "vase" or "mouthpiece." When two of George W. Bush's former Treasury secretaries, Paul O'Neill and John Snow, instead of being in the president's policy circles, were reduced to selling tax cuts to the White House, " After leaving his own salesman, O'Neill had to lament being left out of the decision-making loop at the White House, which was an irrelevant post.

Henry Paulson talked about Bush being invited to serve as Treasury Secretary again at the White House. Long after Bush promised greater domestic and international economic policy decision-making, two former Treasury secretaries, Henry Paulson, would finally give O'Neal his substantive powers as secretary of defense and secretary of state on an equal footing. Paulson's heart. On May 30, 2006, Bush officially nominated Paulson as Secretary of the Treasury, replacing John Snow who announced his resignation earlier that day.

Snow's departure was not unexpected. For months, White House officials had privately rumored that he was leaving," the news of Paulson's appointment came as a surprise. It is said that attempts have been made in the White House to "seduce" Paulson as Treasury secretary, but he has refused several times because the Bush cabinet looks like the secretary's role in finance has been relegated to that of a "salesman."

Paulson said a friend who referred to overstretched services as Treasury secretary "should have a bright future," so he would give the $38.3 million Wall Street job to go to Washington to take office, The latter's income is only $200,000, a difference of nearly 200 times. With such a huge gap, Paulson definitely did not agree to serve as Treasury Secretary for the money. After all, he only held a few million dollars worth of Goldman Sachs shares. Soon the autographed John W. Snow's wording printed on the dollar bill, which was called "Greenback" was replaced with "Henry M. Paulson," which was the new term for Henry Paulson, who was sworn in as U.S. Treasury Secretary Sen granted permission.

Compared with previous Treasury Secretary taking office, Paulson's inauguration ceremony seems to have been Bush's paid special attention, Mr. Chairman, even "rare" (AP Press phrase) Bush attended the ceremony on foot from the White House's Treasury Building, and had encountered similar situations before, often by his own car. Bush announced the appointment of Paulson, praising Paulson's rich business experience and deep understanding of the securities market, as well as his ability to look at the economic situation, "Paulson will be the chief adviser on local and international economic policy, and we will maintain the same attitude. And formulate corresponding policies for the nation and to continue to maintain the prosperity of the American economy. "

"Another example of the Treasury-Wall Street gang," Paulson appointed China's Ministry of Commerce to study. Dr. Mei Xinyu of the Academy said this, the power of "community" is too strong, and the manufacturing and transportation industries are in fundamental conflict with each other. "It should be said that Bush must find this person." Bloomberg's evaluation of Snow starts, "Although it is well received , but he has never become a true "inside" of the Bush administration. "

Paulson said at the inauguration ceremony: "Economic development and the global economy are closely linked, and we must work hard to promote trade and investment and promote reform. "Opening up and modernizing international financial markets," he also said, he would make every effort to keep the U.S. economy going. "A dynamic, flexible, and open-ended model.

After delivering a brief inaugural statement, Paulson immediately convened a meeting with all U.S. Treasury staff where they presented their Treasury plans for the future. During a day off, Paulson also held a telephone conversation with eleven members of the U.S. Congress, government colleagues, and senior financial officials from other countries.