Former Treasury Secretary Paul O'Neill died Saturday at age 84 after battling lung cancer.
Treasury Secretary Paul O'Neill addresses a development bank meeting in Honolulu, Hawaii, in May, 2001. O'Neill died Saturday after battling cancer. He was known for his leadership in the corporate world and independence in the Bush administration.Treasury Secretary Paul O'Neill addresses a development bank meeting in Honolulu, Hawaii, in May, 2001. O'Neill died Saturday after battling cancer.
"I like to say what I think, especially on subjects I've spent a few decades thinking through," O'Neill told Bush at an early meeting about taking the Treasury post."In Washington, these days, that might make me a dangerous man.", a 2004 book that author Ron Suskind described as"an experiment in transparency." O'Neill was the chief source of the book and provided Suskind with 19,000 documents from his time in the administration.
O'Neill was fired from the administration in December 2002 after he opposed a new round of tax cuts in the summer and fall of that year. He said the economy was growing sufficiently and he worried about the cost of the likely war in Iraq and a possible second large terrorist attack. He also wanted"fiscal flexibility" for reforming Social Security.elections in 2002, it was clear that my arguments weren't winning arguments anymore," he said in 2004.
O'Neill made his biggest mark in the corporate world at Alcoa, where he was chairman and CEO from 1987 to 1999.
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