John W. Snow’s profile picture

John W. Snow

Former United States Secretary of the Treasury
John W. Snow’s profile picture
Net worth 2018: Under Review
Industry: Miscellaneous
Residence: Toledo, Ohio
Country: United States
BirthDay: 2 August 1939
Sigh: Virgo
Education: The George Washington University Law School (1967), University of Toledo (1962), Johns Hopkins University, Gilmour Academy, Kenyon College, George Washington University, University of Virginia
BIOGRAPHY

John W. Snow was bornon 2 August 1939 in Toledo, Ohio, American, is Former United States Secretary of the Treasury. John William Snow was the 73rd United States Secretary of the Treasury and a former CEO of CSX Corporation, a Forbes 500 company. He is currently Director of the Boards of many companies. Born into a middleclass American family, he acquired double doctorates and took up teaching posts at University of Maryland and George Washington University Law School. He gave up his teaching career to take up public service on a full-time basis. He became the Deputy Undersecretary in the Department of Transportation, which helped him when he temporarily left public service, during Jimmy Carter’s Presidency, to become Vice President Governmental Affairs for Chessie System. Chessie System was a railroad company, which after some mergers became CSX Corporation. He headed CSX Corporation's holding division as its President, CEO and Chairman. He left the company when President George W. Bush appointed him Secretary of the Treasury in his Administration. He had the task of defending the government's monetary policy of not intervening in the international currency market, while the government asserted that the dollar was strong. He resigned after some discrepancies in his tax payments surfaced. His most important contributions happened in the 1990s as a supporter of improved corporate governance practices and as a lobbyist for the North American Free Trade Agreement.

TIMELINE
2006

In 2006, he resigned when it was revealed that he had not paid the income tax on the $24 million loan waiver he was given while he was CEO of CSX Corporation

2003

Bush in 2003, he made the ‘Jobs and Growth Tour’ with the Labor and Commerce Secretaries, to explain the President’s tax cuts plan

1994

As the Chairman of the Business Roundtable, an association of chief executive officers of leading companies, from 1994 to1996, he was instrumental in the signing of the North American Free Trade Agreement

1992

Snow supported improved corporate governance practices as the co-chairman of the Conference Board's Blue-Ribbon Commission on Public Trust and Private Enterprise, and the National Commission on Financial Institution Reform, Recovery and Enforcement in 1992

1988

In 1988, he joined CSX Corporation (the holding company) as its President and CEO

1985

By 1985, he had become President and CEO of CSX Corporation's B&O Railroad

1980

In 1980, CSX Corporation was formed following a merger agreement between Chessie System, Inc

1977

His experience with the Department of Transportation proved invaluable when, in 1977, he become the Vice President Governmental Affairs for Chessie System, Inc

1975

In 1975, he resigned from his teaching post, and assumed the post of Deputy Undersecretary in the Department of Transportation

1972

From 1972 to 1975, Snow taught Law at the George Washington University Law School

1967

He joined the Washington, DC -based law company, Wheeler & Wheeler in 1967

1965

After obtaining a Doctorate in Economics from the University of Virginia, he taught Economics at the University of Maryland from 1965 to 1968

1939

John William Snow was born on August 2, 1939 at Toledo, Ohio, to Catherine (Howard), a school teacher, and William Dean Snow, a tax attorney

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