Distinguished FellowHoover Institution, Stanford University
George Pratt Shultz is the Thomas W. and Susan B. Ford Distinguished Fellow at the Hoover Institution at Stanford University. Shultz has had a distinguished career in government, in academia, and in the world of business. He is one of two individuals who has held four different federal cabinet posts; he has taught at three of this country’s great universities, and; for eight years he was president of a major engineering and construction company. He was appointed secretary of labor by President Nixon in 1969. In June 1970, he became the first director of the newly formed Office of Management and Budget. In May 1972, he was named secretary of the Treasury, a post he held for two years. During this period, Shultz also served as chairman of the Council on Economic Policy, negotiated a series of trade protocols with the Soviet Union, and represented the United States in the Tokoyo meeting on the General Agreement on Tariffs and Trade. Shultz held two key positions in the Regan 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 Asia Nations.