In January of 1999, Henry Paulson became the sole chief executive officer of The Goldman Sachs Group, which at the time was the last major financial institution in the United States that remained a private partnership. In May of that year, Goldman Sachs launched a headline-grabbing initial public offering.
Since then the stock market has stumbled and business news of late has focused on the Enron debacle and questionable corporate accounting practices. Shareholders are shuddering. But Paulson urges all involved to take a longer look. His topic for an appearance before the National Press Club is "Restoring Investor Confidence: An Agenda for Change."
Before becoming Goldman Sachs' chairman and CEO, Paulson served as co-chairman and chief executive from June 1998 to May 1999, sharing duties with Jon Corzine -- now U.S. Sen. Jon Corzine (D-NJ). He joined the firm's Chicago office in 1974 and was elected a partner eight years later, later rising through the ranks as head of the Chicago office and partner-in-charge of the Midwest investment banking region. He became chief operating officer for Goldman Sachs in 1994.
His previous experience includes a stint at the Pentagon as assistant secretary of defense during the Vietnam conflict and as a member of the White House Domestic Council under President Nixon.
At Dartmouth, where he earned a Phi Beta Kappa key as an English major, Paulson was an honorable mention All-American as an offensive lineman on the football team. He's also a Harvard MBA.