Regan, Donald Thomas
Donald Thomas Regan (rē´gən), 1918–2003, U.S. government official and financier, b. Cambridge, Mass. A graduate of Harvard (B.A. 1940), he went to work (1946) at a brokerage house that became Merrill Lynch after serving as a Marine officer in World War II. Regan rose through the company to become its youngest president in 1968 and chief executive in 1973, transforming the firm into a publicly owned financial services company. A long-time Republican, he was active in Ronald Reagan's presidential campaign and became (1981) his Treasury secretary and a strong advocate of supply-side economics, tax cuts, government cutbacks, and deregulation. In 1985 he became White House chief of staff, a post in which he wielded great power. As revelations concerning the Iran-contra affair hurt the president's image, the first lady blamed Regan and worked to force him out. Regan resigned in 1987 and wrote For the Record (1988), in which he attacked Nancy Reagan; she shot back in My Turn (1989).
Questia, a part of Gale, Cengage Learning. www.questia.com
Publication information: Article title: Regan, Donald Thomas. Encyclopedia title: The Columbia Encyclopedia, 6th ed.. © 2012 The Columbia Electronic Encyclopedia © 2012, Columbia University Press. Licensed from Columbia University Press. Used with the permission of Columbia University Press. All Rights Reserved. Publisher: The Columbia University Press. Place of publication: Not available. Publication year: 2013.
This material is protected by copyright and, with the exception of fair use, may not be further copied, distributed or transmitted in any form or by any means.