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William E. Simon

Also Known As William Edward Simon , Simon

Former United States Secretary of the Treasury

Education

  • Graduated - Newark Academy

Overview

William Edward Simon was an American businessman and philanthropist who served as the 63rd United States Secretary of the Treasury. He became the Secretary of the Treasury on May 9, 1974, during the Nixon administration. After Nixon resigned, Simon was reappointed by President Gerald Ford and served until 1977 when President Jimmy Carter took office. Outside of government, he was a successful businessman and philanthropist. The William E. Simon Foundation carries on this legacy. He styled himself as a strong advocate of laissez-faire capitalism. He wrote, "There is only one social system that reflects the sovereignty of the individual: the free-market, or capitalist, system"

Early Life

Simon was born in Paterson, New Jersey, on November 27, 1927, the son of Eleanor (née Kearns) and Charles Simon Jr., an insurance executive. He attended Blair Academy and graduated from Newark Academy, where he focused more on sports than scholastic pursuits. After service in the infantry of the US Army, he received his B.A. in 1952 from Lafayette College in Easton, Pennsylvania. There, he was a member of Delta Kappa Epsilon fraternity (Rho Chapter). In his later life, Simon was a member of the board of trustees from 1972 to 1973. 

He began his career with Union Securities in 1952. He served as vice president of Weeden & Co. before he became the senior partner in charge of the Government and Municipal Bond Departments at Salomon Brothers, where he was a member of the firm's seven-man Executive Committee

Career

  • United States - Former Secretary of the Treasury

Reference

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