(Crain's) — Former Treasury Secretary Henry Paulson is returning to Chicago, according to reports.
The former chairman and CEO of Goldman Sachs and his wife, Wendy, are putting their $4.6-million house in Washington, D.C., up for sale, according to the Washington Post, and returning to the Chicago area where he spent much of his career in the Midwest office of the investment bank.
Mr. Paulson could not be reached for comment Friday, and aides declined to say what Mr. Paulson plans to do in the Chicago area.
A native of Florida, Mr. Paulson grew up in Barrington Hills and reportedly has maintained a home there while working in New York and Washington in recent years.
He served as treasury secretary from July 2006 until the end of the Bush administration, presiding over the economic crisis and the early stages of a federal bailout of the banking system.
Mr. Paulson is a distinguished visiting fellow at the Paul H. Nitze School of Advanced International Studies, a Washington-based division of Baltimore’s Johns Hopkins University.
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