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Paulson To Take Post At U Of C's Harris School

CHICAGO (CBS) -- Former U.S. Treasury Secretary Henry Paulson has been appointed a distinguished senior fellow at the University of Chicago's Harris School for Public Policy Studies.

Mayor Richard M. Daley was recently appointed to a post at the same graduate division.

Paulson's five-year appointment begins July 1. The U of C says in a news release that he will "add an important voice to the university's ongoing conversations about public policy and global markets," particularly for cooperation between the United States and China.

His work will center on research collaborations, speaking engagements, conferences, workshops and other programs, the U of C said.

"Henry Paulson's leadership experience in the public and private sectors will give Chicago Harris students and faculty invaluable insights into the creation and implementation of policy at the highest levels," said Harris School dean Colm O'Muircheartaigh said in the release. "Through invited guest lectures and other events, Paulson will help the University of Chicago take a leading role in issues of international policy and economic development."

Paulson will also create the Paulson Institute, an independent program at the U of C focused on international relations – again, particularly between the U.S. and China.

Of course, Sino-American relations are also one of the major interests of another senior fellow at the Harris School. Daley was appointed just after leaving office in May, and will coordinate guest lecture series about the major issues facing urban areas in the 21st century.

Paulson served as secretary of the treasury during President George W. Bush's second term, and became a polarizing figure for authorizing the $700 billion economic bailout during the economic collapse in 2008.

He is a native of Palm Beach, Fla., but got his start in Goldman Sachs at the firm's Chicago office. He went on to serve as chief executive officer of Goldman Sachs beginning with the firm's initial public offering in 1999.

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