William E. Simon
| William E. Simon | |
|---|---|
 |
|
| 63rd United States Secretary of the Treasury | |
|
In office May 9, 1974 – January 20, 1977 |
|
| President |
Richard Nixon Gerald Ford |
| Preceded by | George P. Shultz |
| Succeeded by | W. Michael Blumenthal |
| Personal details | |
| Born |
William Edward Simon November 27, 1927 Paterson, New Jersey, U.S. |
| Died | June 3, 2000 (aged 72) Santa Barbara, California, U.S. |
| Resting place | Laurel Grove Memorial Park, Totowa, New Jersey, U.S. |
| Political party | Republican |
| Spouse(s) | Carol Girard Simon (m. 1950–1995, her death) Tonia Adams Donnelley Simon (m. 1996–2000, his death) |
| Children |
Bill Simon J. Peter Simon Mary Beth Simon Streep Carol Leigh Simon Porges Aimee Simon Bloom Julie Ann Simon Munro Johanna Katrina Simon |
| Alma mater | Lafayette College |
| Signature |  |
| Military service | |
| Service/branch | United States Army |
William Edward Simon (November 27, 1927 – June 3, 2000) was a businessman, a Secretary of Treasury of the U.S. for three years, and a philanthropist. He became the 63rd Secretary of the Treasury on May 9, 1974, during the Nixon administration. After Nixon resigned, Simon was reappointed by President Ford and served until 1977 under President Carter. Outside of government, he was a successful businessman and philanthropist. The William E. Simon Foundation carries on this legacy. He was 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".
In August 1974, he was asked to continue to serve at Treasury by President Gerald R. Ford, Jr., who shortly afterward appointed him chairman of the Economic Policy Board and chief spokesman for the administration on economic issues.
On April 8, 1975, President Ford also named him chairman of the newly created East-West Foreign Trade Board, established under the authority of the Trade Act of 1974.
At the time of his nomination as Treasury Secretary, Simon was serving as Deputy Secretary of the Treasury, a post he had held from January 22, 1973. As Deputy Secretary, he supervised the Nixon administration's program to restructure and improve U.S. financial institutions. He also served as the first Administrator of the Federal Energy Office.
From December 4, 1973, Simon simultaneously launched and administered the Federal Energy Administration at the height of the oil embargo. As such he became known as the high-profile "Energy Czar", and represented a revitalization of the "czar" term in U.S. politics. He also chaired the President's Oil Policy Committee and was instrumental in revising the mandatory oil import program in April 1973. Simon was a member of the President's Energy Resources Council and continued to have major responsibility for coordinating both domestic and international energy policy.
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