George Pratt Shultz has had a distinguished career in government, in academia, and in the world of business. A native of New York, Mr. Shultz graduated from Princeton University in 1942. After serving in the Marine Corps (1942-45), he earned a Ph.D. in industrial economics at MIT. Mr. Shultz taught at MIT and the University of Chicago Graduate School of Business, where he became dean in 1962.
He returned to government when he was appointed Secretary of Labor by President Nixon in 1969. In June 1970, he became Director of the Office of Management and Budget. In May 1972, he was named Secretary of the Treasury, a post he held for two years.
Mr. Shultz left government service in 1974 to become President and Director of the Bechtel Group, Inc., where he remained until 1982.
In the Reagan administration, Mr. Shultz was the Chairman of the President’s Economic Policy Advisory Board (1981-82) and Secretary of State (1982-89).
After leaving office, Mr. Shultz rejoined the Bechtel Group as Director and Senior Counselor. He also rejoined Stanford as Professor of International Economics at the Graduate School of Business and as Distinguished Fellow at the Hoover Institution. In 2001, Mr. Shultz was named the Thomas W. and Susan B. Ford Distinguished Fellow at the Hoover Institution.
In January 1989, Mr. Shultz was awarded the Medal of Freedom, the nation’s highest civilian honor. He is also a recipient of the Seoul Peace Prize (1992), the West Point Sylvanus Thayer Award (1992), the Eisenhower Medal for Leadership and Service (2001), the Reagan Distinguished American Award (2002), and The Association for Diplomatic Studies and Training’s Ralph Bunche Award for Diplomatic Excellence (2002).
He is chairman of the J.P. Morgan Chase International Council, Advisory Council Chairman of the Precourt Institute for Energy Efficiency at Stanford University, Chairman of the MIT Energy Initiative External Advisory Board, and Chairman of the Energy Task Force at Hoover Institution. Since 1989, he has been a Distinguished Fellow at the Hoover Institution, Stanford University.