Leadership Qualities of Alan Greenspan

Topics: Central bank, Alan Greenspan, Federal Reserve System Pages: 4 (1508 words) Published: March 20, 2010
Alan Greenspan spent five terms as chairman of the Federal Reserve. In that time, he helped shape this nation more than many people realize. In this leadership paper, I will be showing his leadership qualities in his early years all the way through today. I will also be showing what his past actions and spoken words have done to change things today even though he is out of the Board of Governors. It is best to start out at the beginning to learn more about this very articulate person. Biography

Alan Greenspan was born in 1926 in New York City. His persistence in school helped him achieve his B.S. in Economics and then an M.A. in Economics at New York University. He achieved his Ph.D. in Economics from New York University in 1977, when he was Chairman and President of Townsend-Greenspan & Co. Greenspan began his Chairmanship and Presidency in 1955 and stayed through 1987. He became principal owner of the company in 1958. The Townsend-Greenspan & Co. was an economic consulting firm that provided simulations of the national economy and various industries. His main leadership role came in 1987 when Greenspan was nominated and confirmed for the position of Chairman of the Federal Reserve. The spotlight was brightest on him at that time. For over 19 years he was the person that was in charge of “promoting sustainable growth, high levels of employment, stability of prices to help preserve the purchasing power of the dollar and moderate long-term interest rates.” Career Analysis

During his tenure with Townsend-Greenspan & Company, Greenspan was involved in various other projects. He agreed to serve Richard Nixon as his coordinator on domestic policy in 1968. He also served as a corporate director for a number of companies like General Foods, Inc. and J.P. Morgan & Company. On June 2nd, 1987, Greenspan was nominated by President Regan as chairman of the Board of Governors of the Federal Reserve and the Senate confirmed him on August 11th,...
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