George
William Miller (March 9, 1925 – March 17, 2006) served as the
65th United States Secretary of the Treasury under President
Carter from August 6, 1979 to January 20, 1981. He previously
served as the 11th Chairman of the Federal Reserve, where he
began service on March 8, 1978.
Miller was the first and currently only Federal Reserve Chairman
to come from a corporate background, rather than from economics
or finance. He is also the only person to have served both as
Federal Reserve Chairman and as Treasury Secretary.
William Miller was born in Sapulpa, Oklahoma. His family soon
moved to Borger, the largest city in Hutchinson County, Texas,
where Miller spent his childhood. After attending Amarillo
College for the 1941-1942 school year, he received an
appointment to the U.S. Coast Guard Academy. He graduated in
1945 with a B.S. in marine engineering and served until 1949 as
a Coast Guard officer in the Far East and on the U.S. West
Coast.
During his time with the Coast Guard, he met and then married
Ariadna Rogojarsky, a Russian emigre. He received a law degree
from the Boalt Hall School of Law at the University of
California, Berkeley in 1952, and joined the law firm of Cravath,
Swaine & Moore (Cravath was founded in 1819 and consistently
ranks first among the world's most prestigious law firms
according to a survey) in New York City.
In 1956, Miller joined Textron, Inc as an assistant secretary.
He became a Vice President of the company in 1957 and President
in 1960. In 1968 he became Chief Executive Officer of Textron
and was elected Chairman and Chief Executive Officer in 1974, a
post he held until he came to the Federal Reserve Board.
Miller also forayed into politics. From 1963 to 1965, Miller was
Chairman of the Industry Advisory Council of the President's
Committee on Equal Employment Opportunity; in 1966 and 1967, he
was a member of the National Council on the Humanities. Miller
also served in the "think tank" Club of Rome. In 1968, he aided
Hubert Humphrey's presidential campaign as chairman of a
Democratic-leaning business group.
At the time he joined the Federal Reserve Board, Miller was a
director of the Federal Reserve Bank of Boston and of several
corporations. He was also a member of the Business Council and
the Business Roundtable and Chairman of the Conference Board and
of the National Alliance of Businessmen.
Complied and Submitted by
Anne Leach, November 2005 11-01-2009 email not working quatisiani@sbcglobal.net
After Carter's administration ended, Miller founded
G. William Miller & Co., a Washington private
investment company that he likened to a discreet,
Swiss-style merchant bank. He also served positions
on a number of charitable and nonprofit
organizations. This included treasurer of the
American Red Cross, a trustee and director of the
Washington Opera, and chairman of the
Washington-based H. John Heinz III Center for
Science, Economics and the Environment. He also was
chairman and chief executive of Federated Stores
Inc. (now Macy's, Inc.) from 1990 to 1992.
He became a key advocate for the $1.5 billion loan
guarantee program that saved Chrysler and thousands
of jobs.
William Miller died on March 17, 2006 from a lung
condition, at his home in Washington.
Survived by his wife, along with three sisters and
two brothers. [twin
brothers Oth Miller and Dee Miller, who are
attorneys, and sisters Catherine Spiller and Myra
Fowler.]
Source: Wikipedia and Washington Post article dated
March 20, 2009.[ viewed November & December 2009 ]
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