Paul Robert Carey was a White House

White House

The White House is the official residence and principal workplace of the president of the United States. Located at 1600 Pennsylvania Avenue NW in Washington, D.C., the house was designed by Irish-born James Hoban, and built between 1792 and 1800 of white-painted Aquia sandstone in the Neoclassical...

 Special Assistant to U.S. President Bill Clinton

Bill Clinton

William Jefferson "Bill" Clinton is an American politician who served as the 42nd President of the United States from 1993 to 2001. Inaugurated at age 46, he was the third-youngest president. He took office at the end of the Cold War, and was the first president of the baby boomer generation...

 and the 77th Commissioner of the Securities and Exchange Commission.

Youth and education

Carey was the 7th son of Governor Hugh Carey

Hugh Carey

Hugh Leo Carey was an American attorney, the 51st Governor of New York from 1975 to 1982, and a seven-term United States Representative .- Early life :...

 and Helen (Owen) Carey. He grew up in Brooklyn

Brooklyn

Brooklyn is the most populous of New York City's five boroughs, with nearly 2.6 million residents, and the second-largest in area. Since 1896, Brooklyn has had the same boundaries as Kings County, which is now the most populous county in New York State and the second-most densely populated...

, Shelter Island

Shelter Island (town), New York

Shelter Island is a town and island at the eastern end of Long Island in the U.S. state of New York. It forms the tip of Suffolk County and is separated from the rest of the county by water. The population was 2,228 at the 2000 census.-Geography:...

, and the New York State Executive Mansion

New York State Executive Mansion

The New York State Executive Mansion is the official residence of the Governor of New York. Located at 138 Eagle Street in Albany, New York, it has housed 31 governors and their families. The Italianate building was constructed in 1856 as a banker's private home...

 in Albany

Albany, New York

Albany is the capital city of the U.S. state of New York, the seat of Albany County, and the central city of New York's Capital District. Roughly north of New York City, Albany sits on the west bank of the Hudson River, about south of its confluence with the Mohawk River...

. As a boy, he cared for developmentally challenged people at Camp Shelter Island, and later as a young man he worked with physically challenged skiers. He graduated from the Doane Stuart School

Doane Stuart School

The Doane Stuart School is an independent, coeducational school in Rensselaer, New York. The School claims a low student to teacher ratio and a rigorous college preparatory curriculum. The school also has emphases on community service and interfaith tolerance...

 in Albany, and received a B.A. in economics from Colgate University

Colgate University

Colgate University is a private liberal arts college in Hamilton, New York, USA. The school was founded in 1819 as a Baptist seminary and later became non-denominational. It is named for the Colgate family who greatly contributed to the university's endowment in the 19th century.Colgate has 52...

 in Hamilton, New York

Hamilton (village), New York

The Village of Hamilton is a village located within the town of Hamilton in Madison County, New York, USA.-Geography and climate:The village, located at , lies in the Chenango Valley, just south of the headwaters of the Chenango River. The village is approximately southeast of Syracuse and ...

.

Professional life

After college, Carey worked in the securities industry, focusing on equity investments for institutional clients. In 1992, he joined the Clinton-Gore Presidential Campaign

Bill Clinton presidential campaign, 1992

Bill Clinton's 1992 campaign for President of the United States was a critical turning point for the Democratic Party, which had controlled the White House for only four of the previous twenty-four years. Initially viewed as an unlikely prospect to win his party's nomination, Clinton did so and...

, serving as Northeast finance director. He continued working in the Clinton White House in 1993, as Special Assistant to the President for Legislative Affairs. Carey was an important liaison to the United States Senate for President Clinton, focusing on banking, financial services and securities law issues, among others. He also worked on judicial selection and handled Senate confirmation for many administration nominees. Carey was noteworthy for being President Clinton's main connection to New York Senators Alfonse D'Amato and Daniel Patrick Moynihan

Daniel Patrick Moynihan

Daniel Patrick "Pat" Moynihan was an American politician and sociologist. A member of the Democratic Party, he was first elected to the United States Senate for New York in 1976, and was re-elected three times . He declined to run for re-election in 2000...

.

Serving as SEC Commissioner

In 1997, President Clinton nominated Carey to the Securities and Exchange Commission, to succeed outgoing commissioner, Steven Wallman

Steven Wallman

Steven Wallman was Commissioner of the U.S. Securities and Exchange Commission from 1994 to 1997, for which he was appointed by Bill Clinton. He founded FOLIOfn, headquartered in the Tysons Corner, Virginia suburbs of Washington DC in 1998....

. The Senate confirmed Carey on October 21, 1997, for a five-year term. As an SEC commissioner, Carey championed private accounts for the investment of government Social Security

Social Security (United States)

In the United States, Social Security refers to the federal Old-Age, Survivors, and Disability Insurance program.The original Social Security Act and the current version of the Act, as amended encompass several social welfare and social insurance programs...

 funds.

Death and foundation

Paul Carey died in 2001 from a rare endocrine cancer called Pheochromocytoma

Pheochromocytoma

A pheochromocytoma or phaeochromocytoma is a neuroendocrine tumor of the medulla of the adrenal glands , or extra-adrenal chromaffin tissue that failed to involute after birth and secretes excessive amounts of catecholamines, usually noradrenaline , and adrenaline to a lesser extent...

. After his death, his family established the Paul Robert Carey Foundation to provide quality of life funds for cancer patients and others facing physical, mental or emotional challenges.

External links

• Paul Carey Speech: "The Independent Counsel Requirement of the Fund Governance Proposal" (2000) from the U.S. SEC
• Paul Carey Speech: "Technology, Capital Markets and the Digital Divide" (2000) from the U.S. SEC