Date of Birth: December 21, 1918
Zodiac Sign: Sagittarius
Date of Death: June 10, 2003
Biography
Donald Thomas Regan was an influential American public servant and businessman, best known for his role as the Secretary of the Treasury from 1981 to 1985 under President Ronald Reagan, and later as the White House Chief of Staff from 1985 to 1987. Born in Cambridge, Massachusetts, Regan was a decorated World War II Marine who later became a prominent figure on Wall Street as the CEO of Merrill Lynch. His tenure in the Reagan administration was marked by significant economic reforms and a controversial management style that ultimately led to his resignation. Regan’s career began in the financial sector, where he quickly rose through the ranks at Merrill Lynch, becoming its CEO in 1971. His transition to public service came when he joined the Reagan administration, where he played a pivotal role in implementing supply-side economic policies, including major tax cuts known as the Economic Recovery Tax Act of 1981. However, his tenure as Chief of Staff was marred by conflicts with other White House staff and his brusque management approach. He resigned in 1987 after the Iran-Contra affair, a scandal that rocked the administration. After leaving public office, Regan authored several books, including a memoir titled “For the Record: From Wall Street to Washington,” where he provided an insider’s view of his time in the Reagan administration. He spent his later years in retirement in Virginia, passing away in 2003.
5 Interesting Facts about Donald T. Regan
1. Donald Regan served as a Lieutenant Colonel in the United States Marine Corps during World War II.
2. He was the CEO of Merrill Lynch before joining the Reagan administration.
3. Regan was instrumental in the passage of the Economic Recovery Tax Act of 1981.
4. His tenure as White House Chief of Staff was marked by a power struggle with First Lady Nancy Reagan.
5. After leaving public office, Regan wrote several books, including his memoir “For the Record: From Wall Street to Washington.”
5 Most Interesting Quotes from Donald T. Regan
1. “You’ve got to stand for something or you’ll fall for anything.”
2. “The objective of government is to create conditions that make it easy for people to do good, difficult to do evil.”
3. “I believe that the government that governs best is the government that governs least.”
4. “In politics, perception is reality.”
5. “The most important thing in communication is hearing what isn’t said.”
Highest Net Worth Achieved
At his peak, Donald Regan’s net worth was estimated to be around $20 million.
Children
Donald Regan had four children with his wife, Ann Buchanan Regan. Their names are Donald T. Regan Jr., Richard Regan, Diane Regan, and Pamela Regan.
Relevant Links
1. [Donald Regan – Wikipedia](https://en.wikipedia.org/wiki/Donald_Regan
2. [Donald Regan – Britannica](https://www.britannica.com/biography/Donald-Regan
