12 CEOs Who Got Their Start As Boy Scouts


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You probably didn't know Hank Paulson was once chair of the Nature Conservancy.

Wildlife preservation is a passion the former U.S. Treasury Secretary picked up decades ago, while working up to his Eagle Scout designation -- well before he landed his first gig at Goldman Sachs

Paulson is one of several powerful U.S. leaders who trace their success back to early lessons learned from scouting.

"I get letters from Eagles who say 'Paulson, would you look at hiring me at Goldman Sachs?'" he says in Alvin Townley's book, "Legacy of Honor: The Value and Influence of America's Boy Scouts."

The Boy Scouts of America have been around since 1910. The group's mission is to foster moral strength, promote citizenship, and help children grow up physically and morally healthy.

Or, as the Scouts originally stated: "to rescue boys from the feminizing clutches of mothers and Sunday School teachers, and to get them out into the woods to learn how to be men."

We've compiled a list of famous Boy Scout business leaders, ranked in order of net worth.

marriott

Rex Tillerson -- CEO of Exxon Mobil

Estimated Net Worth: More than $40 million

Highest Scout Rank: Eagle Scout, Silver Buffalo Recipient, National President.

"I have a lot of terrific memories associated with scouting, probably most of the high points of my growing up years," Tillerson told the Boy Scouts of America.

"If you look around, there aren't a lot of places where we give young people those values at those formative years and reinforce them in the way that the scouting program reinforces by putting them in real life situations where they have to interact with peers, older children and adults. It's probably more relative today than ever because as I look out there, there just isn't another program that exists today that does that."

Tillerson on Scouting:

 

Hank Paulson -- Former U.S. Treasury Secretary and CEO of Goldman Sachs

Estimated Net Worth: $700 million

Highest Scout Rank: Eagle Scout

Scouting helped foster Paulson's lifelong interest in wildlife and nature conservation. He later became chairman of the Nature Conservancy. Under Paulson, the Conservancy worked with the Boy Scouts and the Maryland Department of Natural Resources to conserve Scout Camp Nanticoke, a nesting ground for bald eagles.

Paulson was interviewed for the book "Legacy of Honor: The Values and Influence of America's Boy Scouts" by Alvin Townley. In the book, he hinted that Eagle Scout status can perhaps help a young man get a job.

"I get letters from Eagles who say 'Paulson, would you look at hiring me at Goldman Sachs?'" he said. "And their having that Eagle rank is a positive thing. Then I look and see if they've done anything since becoming an Eagle scout."

J.W. Marriott Jr. -- Chairman and CEO of Marriott International

Estimated Net Worth: $1.3 billion

Highest Scout Rank: Eagle Scout

The heir to Marriott International was also a member of the Executive Board of Boy Scouts of America.

Source: University of Utah

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The Types Of Bankruptcies In The US

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A debt, regardless of its nature, must be paid as it's an obligation of each and every individual, as well as businesses. However in an instance where a person in debt cannot pay off their debts they have accrued, they must have an alternative to restructure their debt to keep afloat.

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Here's Al Qaeda Magazine's Version Of The 'Heroic' Battle Bin Laden Fought With SEAL Team Six


Osama Bin Laden

The killing of Osama bin Laden was an incredible story, capturing the attention of American and creating national heroes out of SEAL Team Six.

But is the story told by the United States government the correct one?

Probably, but Inspire - the English-language propaganda magazine that aims to recruit American Muslims - offers a different tale about the al Qaeda leader's demise

According to ABC News:

He confronted them, his weapons against theirs with his, and his strength against theirs, and he accepted the challenge of those who came out with their fancy equipment, machinery, weapons, aircrafts and troops, all haughty and pompous. His determination did not weaken in front of them, nor was he sapped of strength. Rather, he stood and confronted them face to face like a firm mountain, and continued to engage them in a fierce battle... after which he excused himself and fulfilled the trust, receiving bullets of treachery and infidelity.

Ironically, this narrative - if true (doubtful, at best) - would benefit both bin Laden (who would look tough) and Barack Obama, whose SEALs took flack for shooting an unarmed man.

The sixth issue of Inspire also includes instructions on shooting AK-47s and making Acetone Peroxide explosives.

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Surviving Today's Tough Economic Times

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Today more than anytime in our recent history, everyone is dealing with rising prices on the basics and decreasing expendable income. Even after tightening our belts, we have to find other ways to make ends meet.

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The Correlation Between Bankruptcy And Payday Loans

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With more and more Americans living paycheck to paycheck these days, many have taken a step further by using payday loans. Let's get something straight, payday loans are not good for anyone. Let the statistics speak for themselves, the people who use payday loans are seven times more likely to end up filing bankruptcy than those who don't.

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Internet Sales Tax Could Pull Down Priceline And Expedia

One of the historical advantages of Internet retailers vs. brick-and-mortar stores is that they previously avoided state sales taxes in most cases. This is set to change.

Source: http://blogs.forbes.com/greatspeculations/2011/07/18/internet-sales-tax-could-pull-down-priceline-and-expedia/

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What $1,600 Gold Really Means for You

Gold barsMost people don't pay too much attention to gold prices. But the higher they climb, the tougher they are to ignore: Higher prices mean more annoying TV commercials that try to make gold investment sound like a one-way trip to paradise, and more mall kiosks offering to relieve shoppers of their "junk" gold.

Today, as gold surges past yet another milestone -- more than $1,600 per ounce, with silver reclaiming $40 -- it's tempting to rummage through your jewelry box and raise a bit of cash. Hold your horses.

There are other, better ways of making money off rising prices (I'll show you how in a moment). But first you should know why gold is spiking and how the other news of the day might affect future prices.

Gold as an Insurance Policy

You may commonly hear gold referred to as a "fear trade," or an "insurance policy" against worst-case scenarios for our financial system. But such overly simplistic labels fail miserably at explaining the metal's persistent, almost orderly appreciation over the past decade.

During 2008 when fear was rampant -- far more observable than it is today -- gold should have surged, right? The exact opposite happened, and gold tumbled violently. In fact, the SPDR Gold Trust (GLD) suffered its worst annual performance since inception. So much for insurance.

Gold as Money

Gold to GoEven though President Richard Nixon removed the U.S. dollar's international convertibility to gold in 1971, gold remains a currency. Despite our modern financial system's attempt to leave gold behind, even former Federal Reserve Chairman Alan Greenspan in 2009 conceded that "gold still holds reign over the financial system as the ultimate source of payment."

Most nations on the planet still hold stacks of gold bullion within their foreign currency reserves. But gold isn't just any currency. It's unique in that it remains utterly impervious to the burdens of debt, default risk, and other ailments that are weighing so heavily upon many of the world's major unbacked paper currencies.

Compared to the value-eroding euro and U.S. dollar, gold offers a far superior record of enduring purchasing power over the long haul. Gold's meaningful price gains offer the clearest indication of that outperformance from the perspective of long-term savers.

Basically, gold is a currency that competes with (and trades against) the full array of paper currencies. Yes, gold jumps upward when eurozone debt crises explode, or politicians in Washington, D.C., fail to achieve a timely accord on key deficit reductions. But a currency link exists between those events that are supportive (or unsupportive) for gold, and the resulting changes in price. Gold goes up when the United States flirts with default by pushing the debt-ceiling impasse to the final hour, but that is because those actions cause further damage to the outlook for the U.S. dollar.

What Next? Gold at $2,000? Actually...

Now that gold prices have busted through the $1,600 threshold, the natural question arises: What next?

No one can predict future prices with absolute certainty, but I suspect a final-hour agreement to raise the U.S. debt ceiling may trigger a near-term rally for U.S. Treasury bonds and the U.S. dollar, which could place gold prices under a bit of pressure.

Gold has now nearly doubled in price since I offered 700 billion reasons to own some back in 2008, but that doesn't mean it's too late to get started now. I encourage investors to welcome any such weakness in gold as an opportunity to hop on board for what I believe will be a journey to at least $2,000 per ounce.

How to Get in on the Gold Rush

Although trustworthy bullion vehicles like Central Fund of Canada (CEF) offer one-stop access to gold and silver bullion exposure, I recommend gold mining stocks as the most profitable road forward.

For reasons I explain here, I consider Northgate Minerals (NXG) the greatest gold stock in the world, followed by additional top picks Brigus Gold (BRD) and AuRico Gold (AUQ). Goldcorp (GG) remains the cream of the crop among the largest producers, although Newmont Mining (NEM) entered bargain territory before this latest golden surge.

Motley Fool contributor and bloggerChristopher Barker owns shares of AuRico Gold, Brigus Gold, Central Fund of Canada, Goldcorp, and Northgate Minerals.

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Source: http://www.dailyfinance.com/2011/07/18/what-1-600-gold-really-means-for-you/

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Credit Counseling: An Overview

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You might find it difficult to manage your debt with a stringent budget plan. You generally use a large portion of your income for paying off your debt, so at the middle of the month it might be hard to make ends meet. In this situation, you might think that you could have done something to enjoy a debt free life. Then a counseling session can help you solve the problem.

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