paul o'neill alcoa book

He was 84. While at Alcoa, O’Neill lifted the company out of the doldrums during his 12-year stint as the Pittsburgh company’s CEO. Treasury Secretary Steven Mnuchin said Saturday on Twitter, “Saddened to hear of the passing of the former 72nd Treasury Secretary, Paul O’Neill. He described the efforts of his own party’s legislators to bolster the economy as “show business” -- yet another you-can’t-handle-the-truth assertion.Before an October 2001 Senate hearing, Bush reminded his Treasury secretary, “Paul, don’t go and be argumentative,” O’Neill later recalled.O’Neill’s business acumen and eagerness to buck convention did produce results. The subject had interested him since his days as a budget analyst in Washington with the Office of Management and Budget.
O’Neill’s son, Paul O’Neill Jr. confirmed that his father died at his home in Pittsburgh after battling lung cancer for the last couple of years. INDIANAPOLIS (WTHR/AP) - Paul O’Neill, a former Treasury secretary who broke with George W. Bush over tax policy and then produced a book critical of the administration, died Saturday. He toured Africa in May 2002 with U2 front man Bono, drawing global media attention to the continent’s poverty and scoring O’Neill the honorific of being the first Treasury secretary to appear on the “Oprah Winfrey Show.”Elsewhere on the global stage, O’Neill stirred controversy by pledging to end large financial bailouts for emerging market countries in crisis and then supporting International Monetary Fund loans for Turkey, Argentina and Brazil. The unemployment rate, at 4.2% when O’Neill was sworn into office, reached a 7 1/2-year high of 6% the month he was fired.“Secretary O’Neill lived his life and served his country -- and humanity -- with dignity, brutal honesty, a pragmatic passion to solve problems, a drive for excellence and the highest level of integrity I’ve ever personally witnessed,” Tim Adams, president of the The Suskind book stirred Washington with its description of Bush being “like a blind man in a roomful of deaf people,” with little interest in policy and an accusation that Bush entered office already planning to attack Iraq. Paul O’Neill speaks during a Pre-G7 Ministerial Meeting in 2002.Paul O’Neill speaks during a Pre-G7 Ministerial Meeting in 2002.Updates with Mnuchin, other reaction from fifth paragraph. Paul O’Neill, a former Treasury secretary who broke with George W. Bush over tax policy and then produced a book critical of the administration, died Saturday.

He said the lack of discussion in Cabinet meetings gave him the feeling that Bush “was like a blind man in a roomful of deaf people.” He said major decisions were often made by Bush’s political team and Vice President Dick Cheney. Paul O’Neill, whose outspokenness cost him his job as President George W. Bush’s first Treasury secretary after having led Alcoa Inc. through a period of consistent profitability, has died. The intelligence used to justify the invasion later proved flawed.In his 2010 memoir “Decision Points,” Bush wrote that O’Neill never openly disagreed with the administration’s plan to reduce taxes and that he and the Treasury chief he called Pablo “never clicked.”“He didn’t gain my confidence, nor credibility with the financial community or Congress,” Bush wrote.O’Neill took issue with Bush’s claim that he didn’t openly oppose the tax cuts.“It is not true,” O’Neill said on Bloomberg Television in December 2010. “He served @USTreasury and America with distinction during challenging times.” In an administration that shunned disunity, O’Neill disagreed with two of its most contentious foreign and domestic policies: the decision to invade Iraq and a second round of tax cuts to revive the economy.His feuds with the White House were chronicled in “The Price of Loyalty,” a 2004 book that Pulitzer Prize-winning journalist A self-styled straight-talker who tried to introduce business practices to politically-driven Washington, O’Neill rarely withheld his frustration with the conventions of politics or international policy making.Saying he saw little value in words not backed by action, he loathed the U.S. “strong dollar” policy, a mostly rhetorical device aimed at markets and championed by Robert Rubin, the second of Bill Clinton’s three Treasury secretaries.


Outspokenness got him tossed out of George W. Bush’s Cabinet

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