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Encyclopedia > Paul O'Neill (cabinet member)
Paul H. O'Neill


In office
January 20, 2001 – December 31, 2002
Preceded by Lawrence H. Summers
Succeeded by John W. Snow

Born December 04, 1935 (1935-12-04) (age 71)
St. Louis, Missouri
Political party Republican

Paul Henry O'Neill (born December 4, 1935) served as the 72nd United States Secretary of the Treasury for part of President George W. Bush's first Administration. He resigned in December 2002 under pressure from the administration and became a harsh critic. O'Neill was chairman and CEO of Pittsburgh-based industrial giant Alcoa from 1987 to 1999, and retired as chairman at the end of 2000. In 1995, he was made chairman of the RAND Corporation. Download high resolution version (670x900, 617 KB) http://www. ... The United States Secretary of the Treasury is the head of the United States Department of the Treasury, concerned with finance and monetary matters, and, until 2003, some issues of national security and defense. ... January 20 is the 20th day of the year in the Gregorian calendar. ... Year 2001 (MMI) was a common year starting on Monday (link displays the 2001 Gregorian calendar). ... is the 365th day of the year (366th in leap years) in the Gregorian calendar. ... Also see: 2002 (number). ... Larry Summers Lawrence Henry Summers (born November 30, 1954) is an American economist, politician, and academic. ... John W. Snow John William Snow, Ph. ... December 4 is the 338th day (339th on leap years) of the Gregorian calendar. ... 1935 (MCMXXXV) was a common year starting on Tuesday (link will display full calendar). ... Nickname: Location in the state of Missouri Coordinates: , Country State County Independent City Government  - Mayor Francis G. Slay (D) Area  - City  66. ... Official language(s) English Capital Jefferson City Largest city Kansas City Largest metro area St Louis[1] Area  Ranked 21st  - Total 69,709 sq mi (180,693 km²)  - Width 240 miles (385 km)  - Length 300 miles (480 km)  - % water 1. ... The Republican Party is one of two major contemporary political parties in the United States of America, along with the Democratic Party. ... is the 338th day of the year (339th in leap years) in the Gregorian calendar. ... 1935 (MCMXXXV) was a common year starting on Tuesday (link will display full calendar). ... The United States Secretary of the Treasury is the head of the United States Department of the Treasury, concerned with finance and monetary matters, and, until 2003, some issues of national security and defense. ... Federal courts Supreme Court Circuit Courts of Appeal District Courts Elections Presidential elections Midterm elections Political Parties Democratic Republican Third parties State & Local government Governors Legislatures (List) State Courts Local Government Other countries Atlas  US Government Portal      For other uses, see President of the United States (disambiguation). ... George Walker Bush (born July 6, 1946) is the forty-third and current President of the United States of America, originally inaugurated on January 20, 2001. ... December 2002 : January - February - March - April - May - June - July - August - September - October - November - December - → // Events December 31, 2002 United States troops get into a brief gun battle with paramilitary forces of the Warzirstan Scouts of Pakistan, in a remote tribal area along the undefined Afghan/Pakistani border, in Paktia Province... The phrase Chairman of the Board has several meanings: Chairman of the Board is the term used to denote the leader of a corporations board of directors. ... Chief Executive Officer (CEO) is the job of having the ultimate executive responsibility or authority within an organization or corporation. ... City nickname: The Steel City Location in the state of Pennsylvania Founded 1758 Mayor Tom Murphy (Dem) Area  - Total  - Water 151. ... This article is about the company. ... Year 1987 (MCMLXXXVII) was a common year starting on Thursday (link displays 1987 Gregorian calendar). ... This article is about the year. ... Year 2000 (MM) was a leap year starting on Saturday (link will display full 2000 Gregorian calendar). ... Year 1995 (MCMXCV) was a common year starting on Sunday (link will display full 1995 Gregorian calendar). ... Alternate meanings: See RAND (disambiguation) The RAND Corporation is an American think tank first formed to offer research and analysis to the U.S. military. ...

Contents

History

Early History

O'Neill was born in St. Louis, Missouri, although his "hometown" and current residence is Pittsburgh. He met his wife at Anchorage High School in Anchorage, Alaska, from which they both graduated in 1954. He lived on the military base there with his parents. He received a bachelor's degree in Economics from California State University, Fresno a degree in economics from Claremont Graduate University in 1961, and a Master of Public Administration from Indiana University. O'Neill and his wife Nancy have four children and 12 grandchildren. Nickname: Location in the state of Missouri Coordinates: , Country State County Independent City Government  - Mayor Francis G. Slay (D) Area  - City  66. ... Pittsburgh redirects here. ... A picture of West Anchorage High School and its auditorium. ... Nickname: Motto: Big Wild Life Location in the state of Alaska Coordinates: , Borough Municipality of Anchorage Government  - Mayor Mark Begich (D) Area  - Municipality  1,961. ... For other degrees, see Academic degree. ... Face-to-face trading interactions on the New York Stock Exchange trading floor. ... The campus on a sunny day California State University, Fresno, commonly referred to as Fresno State, is one of the campuses of California State University, located at the northeast edge of Fresno, California, USA. The campus sits at the foot of the Sierra Nevada mountain range in the San Joaquin... {{Infobox_University |name = Claremont Graduate University |image = [[Image:]] |motto = |established = 1925 |type = Private |president = |city = Claremont |state = [[California |country = USA |grad = 2,033 |campus = Urban, 19 acres/ ha |mascot = |website= www. ... The Master of Public Administration (MPA) degree is one of several master level professional public affairs degrees that provides training in public policy and project/program implementation (more recently known as public management). ... Indiana University is the principal campus of the Indiana University system. ...


He began his public service as a computer systems analyst with the Veterans Administration, where he served from 1961 to 1966. He joined the United States Office of Management and Budget in 1967, and was deputy director of OMB from 1974 to 1977. After President Gerald Ford lost the 1976 election, O'Neill took an executive job at the International Paper Company in New York City. He was vice president of the company from 1977 to 1985 and president from 1985 to 1987. The United States Department of Veterans Affairs (VA) is a Cabinet department of the United States government responsible for administering programs of veterans benefits for veterans, their families, and survivors. ... The Office of Management and Budget (OMB) is a body within the Executive Office of the President of the United States (EOP) which is tasked with coordinating United States Federal agencies. ... For other persons named Gerald Ford, see Gerald Ford (disambiguation). ... International Paper (NYSE: IP) is an American pulp and paper company, the largest pulp and paper company in the world and the largest private owner of timberland in the United States. ... New York, New York and NYC redirect here. ...


Mid Career

In 1988, he was approached by President George H. W. Bush to be Secretary of Defense. O'Neill declined, but recommended Dick Cheney for the position. Bush then pursued O'Neill to chair an advisory group on education that included Lamar Alexander, Bill Brock, and Richard Riley. Under O'Neill's leadership, the group recommended national standards and unified testing standards. George Herbert Walker Bush (born June 12, 1924) was the 41st President of the United States, serving from 1989 to 1993. ... The United States Secretary of Defense (SECDEF) is the head of the U.S. Department of Defense (DoD), concerned with the armed services and military matters. ... Richard Bruce Dick Cheney (born January 30, 1941), is the 46th and current Vice President of the United States, serving under President George W. Bush. ... Andrew Lamar Alexander (born July 3, 1940) is the senior United States Senator from Tennessee and a member of the Republican Party. ... Peters Grandpa III (born November 23, 1930) was a Republican United States U.S. senator from Tennessee from 1971 to 1977. ... Richard Wilson Riley (born January 2, 1933), American politician, was the United States Secretary of Education under President Bill Clinton as well as the Governor of South Carolina, is a member of the Democratic Party. ...


O'Neill was chairman and CEO of the Pittsburgh industrial giant Alcoa from 1987 to 1999, and retired as chairman at the end of 2000. His reign was extremely successful, as the company's revenues increased from $1.5 billion in 1987 to $23 billion in 2000 and O'Neill's personal fortune grew to $60 million. This article is about the company. ...


In 1995, O'Neill was made chairman of the RAND Corporation. Alternate meanings: See RAND (disambiguation) The RAND Corporation is an American think tank first formed to offer research and analysis to the U.S. military. ...


Community Service Career

In December 1997, O'Neill together with Karen Wolk Feinstein, President of the Jewish Healthcare Foundation, founded the Pittsburgh Regional Healthcare Initiative [1] (PRHI). They assembled a wide-ranging coalition of healthcare interests to begin to address the problems of healthcare, as a region. PRHI adapted the principles of the Toyota Production System into the "Perfecting Patient Care" [2] system. Mr. O'Neill became a leader locally and nationally in addressing issues of patient safety and quality in healthcare. [3]


O'Neill was also pegged by Mayor Tom Murphy as a co-leader of Pittsburgh's Riverlife Task Force, along with the publisher of the Pittsburgh Post-Gazette. Tom Murphy (born August 15, 1944) is a Democratic politician from Pittsburgh, Pennsylvania. ... Three Rivers Park logo The Riverlife Task Force is a nonprofit organization whose mission is to guide and to advocate for redevelopment of the riverfronts in Pittsburgh, Pennsylvania. ... The Pittsburgh Post-Gazette, also known simply as the PG, is the largest daily newspaper serving metropolitan Pittsburgh, Pennsylvania, USA. // The paper began publication on July 29, 1786, with the encouragement of Hugh Henry Brackenridge as a four-page weekly, initially called The Gazette. ...


In 2005, O'Neill entered closed-door meetings with the Pittsburgh Gambling Task Force to help them reach a "no-endorsement" stance on what casino to recommend. (News from June 1, 2006) is the 152nd day of the year (153rd in leap years) in the Gregorian calendar. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ...


Bush Administration

Official portrait as Secretary of the Treasury
O'Neill's signature, as used on American currency

O'Neill was appointed Secretary of the Treasury by George W. Bush. O'Neill was a somewhat outspoken member of the administration, often saying things to the press that went against the administration's party line, and doing unusual things like taking a tour of Africa with singer Bono. Image File history File links Metadata No higher resolution available. ... Image File history File links Metadata No higher resolution available. ... Image File history File links Paul_H_ONeill_signature. ... Image File history File links Paul_H_ONeill_signature. ... George Walker Bush (born July 6, 1946) is the forty-third and current President of the United States of America, originally inaugurated on January 20, 2001. ... For other uses, see Bono (disambiguation). ...


A report commissioned in 2002 by O'Neill while Treasury Secretary suggested the United States faced future federal budget deficits of more than US$ 500 billion. The report also suggested that sharp tax increases, massive spending cuts, or both would be unavoidable if the United States were to meet benefit promises to its future generations. The study estimated that closing the budget gap would require the equivalent of an immediate and permanent 66 percent across-the-board income tax increase. The Bush administration left the findings out of the 2004 annual budget report published in February 2003. USD redirects here. ... Taxation in the United States is a complex system which may involve payment to at least four different levels of government. ... Tax rates around the world Tax revenue as % of GDP Economic policy Monetary policy Central bank   Money supply Fiscal policy Spending   Deficit   Debt Trade policy Tariff   Trade agreement Finance Financial market Financial market participants Corporate   Personal Public   Banking   Regulation        An income tax is a tax levied on the financial income...


O'Neill's private feuds with Bush's tax cut policies as well as his push to investigate al-Qaeda funding coming from the United Arab Emirates led to his resignation in 2002 and replacement with John W. Snow. Al-Qaeda (Arabic: القاعدة, the foundation or the base) is the name given to a worldwide network of militant Islamist organizations under the leadership of Osama bin Laden. ... John W. Snow John William Snow, Ph. ...


Book: The Price of Loyalty

Main article: The Price of Loyalty

The Price of Loyalty: George W. Bush, the White House, and the Education of Paul O'Neill (ISBN 0-7432-5545-3), a 2004 book, described the Bush administration during O'Neill's tenure. Written by former Wall Street Journal reporter and Pulitzer Prize-winning journalist Ron Suskind, the book says Bush's economic policies were irresponsible, Bush was unquestioning and uncurious, and the war in Iraq was planned from the first National Security Council meeting, soon after the administration took office, even though Bush had promised not to engage in nation building during his campaign.[1][2] The Price of Loyalty: George W. Bush, the White House, and the Education of Paul ONeill, a 2004 book, described the Bush administration during Paul ONeills tenure as Secretary of the Treasury. ... The Wall Street Journal is an influential international daily newspaper published in New York City, New York with an average daily circulation of 1,800,607 (2002). ... The Pulitzer Prize is an American award regarded as the highest national honor in print journalism, literary achievements, and musical composition. ... Wikinews has news related to: Author claims Al Qaeda planned to gas New Yorks subway system Ron Suskind is a former Wall Street Journal reporter (1993 to 2000) and is a Pulitzer Prize winning writer (1995, for Feature Writing). ... To meet Wikipedias quality standards, this article or section may require cleanup. ... This article or section should be merged with nation-building Nation building is the use of armed force in the aftermath of a conflict to underpin an enduring transition to democracy. ...


Comments and views

In a July 25, 2001 International Herald Tribune article, he shared a comment on the theory of an inevitable financial "contagion" in global financial markets and the theory that investors at the time would retreat from emerging markets because of their worries that the financial crises in Argentina and Turkey may spread to Brazil and elsewhere. Mr. O'Neill said that this view was a "fashion" and that "we need to retire that fashion like the hula hoop." "With a magnifying glass, you couldn't find a connection between Turkey and Argentina, except maybe in people's minds", and that in a well-managed global system, investors would not pull back from loans in emerging markets simply because of such isolated troubles. is the 206th day of the year (207th in leap years) in the Gregorian calendar. ... Year 2001 (MMI) was a common year starting on Monday (link displays the 2001 Gregorian calendar). ... The International Herald Tribune is a widely read English language international newspaper. ... In finance, financial markets facilitate: The raising of capital (in the capital markets); The transfer of risk (in the derivatives markets); and International trade (in the currency markets). ... For other uses, see Fashion (disambiguation). ... Children playing with hula hoops. ...


In an October 16th, 2007 Op Ed published in the New York Times, he wrote of the reluctance among politicians to address comprehensive reform in the U.S. health care system. In the opinion, he suggests, among other things, requiring doctors and hospitals to report medical errors within 24 hours, as well as moving malpractice suits out of the civil courts and into a new, independent body. Health care reform, he argues, cannot continue to progress in a piecemeal fashion. Instead, it must take all aspects of the problem--insurance coverage, medical costs, quality of care and information technology--into simultaneous consideration.


References

  1. ^ Salon.com article
  2. ^ Guardian Online article
Government offices
Preceded by
Lawrence Summers
United States Secretary of the Treasury
2001–2003
Succeeded by
John W. Snow
Persondata
NAME O'Neill, Paul Henry
ALTERNATIVE NAMES
SHORT DESCRIPTION 72nd United States Secretary of the Treasury, chairman and CEO of Alcoa, chairman of the RAND Corporation
DATE OF BIRTH December 4, 1935
PLACE OF BIRTH St. Louis, Missouri
DATE OF DEATH
PLACE OF DEATH

 
 

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