John Howard Dalton
John Howard Dalton ( born December 31, 1941 in New Orleans, Louisiana) is an American businessman and former politician who served as Secretary of State of the United States Navy from 1993 to 1998.
John Dalton first attended Louisiana State University before transferring after one year at the U.S. Naval Academy in Annapolis and graduated there in 1964. He was a candidate for a Rhodes scholarship. Thereafter, he served from 1964 to 1969 in the U.S. Navy, where he was employed during the period on the submarines USS Blueback and USS John C. Calhoun as an officer. As an active soldier, he rose to the rank of Lieutenant; later he went as a member of the Naval Reserve up to Lieutenant Commander.
After his retirement from the Navy in 1971 Dalton earned an MBA from the Wharton School of Finance and Commerce of the University of Pennsylvania and embarked on a career in the banking industry. He first worked for the investment bank Goldman Sachs in Dallas; after which he worked for several other financial institutions and businesses in Texas. So it was that of president of the real estate division of Gill Companies in San Antonio and CEO of the resident in the same city Freedom Capital Corporation. He also led the branch of US-based investment bank Stephens Inc. Arkansas in San Antonio.
Meanwhile, Dalton was also the first time in government services. U.S. President Jimmy Carter appointed him in 1977 as President of the Government National Mortgage Association, better known under the name Ginnie Mae. In December 1979, the appointment of a member of the Federal Home Loan Bank Board, a precursor of today's Office of Thrift Supervision followed. This independent federal agency charged with the Financial Market Authority. Later, Dalton took over the chairmanship of the authority which he left on 1 July 1981. He returned on 22 July 1993, withdrawn in government service, he was appointed as the new Democratic President Bill Clinton to the Naval Secretary ( Secretary of the Navy ). This post has held John Dalton to November 16, 1998; only John Lehman completed a longer tenure.
Dalton then returned to the private sector; among other things, he was a director of Del Monte Foods and ICx Technologies. Since 2005 he has been President of the Housing Policy Council at the Financial Services Roundtable, a lobbying organization in the financial sector. He also serves on the Advisory Board of the Center for Strategic and International Studies.