Former Treasury Secretary Henry Paulson Jr. to discuss lessons from the financial crisis

Former U.S. Treasury Secretary Henry M. Paulson Jr. will deliver a talk, "Lessons from the Global Financial Crisis," from 2 to 3:30 p.m. on Tuesday, Feb. 23 in Max Palevsky Cinema, Ida Noyes Hall, 1212 E. 59th St.

The talk will be in the form of a conversation moderated by Raghuram G. Rajan, the Eric J. Gleacher Distinguished Service Professor of Finance at the University of Chicago Booth School of Business. The talk is open to the campus community. University ID is required for admission.

Paulson served under President George W. Bush as the 74th secretary of the Treasury from June 2006 until January 2009. As secretary, Paulson was the president's leading policy advisor on a broad range of domestic and international economic issues.

Before coming to the Treasury, Paulson was chairman and chief executive officer of Goldman Sachs since the firm's initial public offering in 1999. He joined Goldman Sachs' Chicago office in 1974 and rose through the ranks, holding several positions including managing partner of the firm's Chicago office, co-head of the firm's investment banking division, president and chief operating officer, and co-senior partner.

Prior to joining Goldman Sachs, Paulson was a member of the White House Domestic Council, serving as staff assistant to the president from 1972 to 1973, and as staff assistant to the assistant secretary of defense at the Pentagon from 1970 to 1972.

Paulson graduated from Dartmouth in 1968, where he majored in English. He received an M.B.A. from Harvard in 1970.

Rajan's research interests are in banking, corporate finance and economic development, especially the role finance plays in them. He has written a book with Chicago Booth colleague Luigi Zingales entitled Saving Capitalism from the Capitalists. He is currently at work on a book entitled Fault Lines: How Hidden Cracks Still Threaten the World Economy.

Rajan also is currently an economic advisor to the prime minister of India. He joined the faculty as a business professor in 1991. Prior to resuming teaching at the University in 2007, Rajan was the economic counselor and director of research at the International Monetary Fund, a position he held from 2003. He earned his M.B.A. in 1987 from the Indian Institute of Management, Ahmedabad, and his Ph.D. in 1991 from MIT.