Subscribe to FDD

Our Team

George P. Shultz

Member of FDD's Leadership Council, former U.S. Secretary of State

Biography:

George P. Shultz has had a distinguished career in government, in academia, and in the world of business. After holding three Cabinet-level positions in the Nixon administration, Shultz was appointed secretary of state by President Ronald Reagan in 1982. He served in that capacity for almost seven years – a term nearly unprecedented in the modern era.

Today, Shultz is one of the most respected statesmen of the 20th century. To honor that legacy, in 2012 FDD established the George P. Shultz Award for Distinguished Service to recognize those who follow his example of defending freedom and the democratic ideal. The 2016 award was presented to Gen. (Ret.) Raymond T. Odierno. Prior recipients include David Cohen (2012), Gen. Michael V. Hayden (2014) and Andrew Marshall (2015).

George P. Shultz has had a distinguished career in government, in academia, and in the world of business. After holding three Cabinet-level positions in the Nixon administration, Shultz was appointed secretary of state by President Ronald Reagan in 1982. He served in that capacity for almost seven years – a term nearly unprecedented in the modern era.

Today, Shultz is one of the most respected statesmen of the 20th century. To honor that legacy, in 2012 FDD established the George P. Shultz Award for Distinguished Service to recognize those who follow his example of defending freedom and the democratic ideal. The 2016 award was presented to Gen. (Ret.) Raymond T. Odierno. Prior recipients include David Cohen (2012), Gen. Michael V. Hayden (2014) and Andrew Marshall (2015).

A U.S. Marine Corps veteran, Sec. Shultz held two key positions in the Reagan administration: chairman of the President’s Economic Policy Advisory Board (1981–82) and secretary of state (1982–89). As secretary of state, he played a key role in implementing a foreign policy that led to the successful conclusion of the Cold War and the development of strong relationships between the United States and the countries of the Asia-Pacific region including China, Japan, and the Association of Southeast Asian Nations.

Shultz earned a BA in economics from Princeton University in 1942 and a PhD in industrial economics from the Massachusetts Institute of Technology (MIT) in 1949. From 1948 to 1957 he taught at MIT, taking a leave of absence in 1955 to serve as a senior staff economist on President Eisenhower’s Council of Economic Advisers.

In his storied career, Shultz served as dean of the University of Chicago’s Graduate School of Business, was the first director of the newly formed Office of Management and Budget, and served as Secretary of the Treasury and as Secretary of Labor under President Nixon.

After leaving office, Shultz rejoined the Bechtel Group as director and senior counselor. In 2001, Shultz was named the Thomas W. and Susan B. Ford Distinguished Fellow at the Hoover Institution.

Read full bio