Dave McCormick Wiki From Early Life to Leadership

Dave McCormick is a seasoned politician and businessman who has made a name for himself in the world of politics. He was born in 1960 in Washington, D.C.

Growing up, McCormick was raised in a family that valued public service. His father, John McCormick, was a high-ranking official in the U.S. Department of State.

Dave McCormick attended Yale University, where he earned a Bachelor's degree in 1982. He later earned an MBA from the University of Chicago in 1989.

Dave McCormick's early life was marked by a strong educational foundation. He was born in Washington, Pennsylvania, and raised in the Pittsburgh area.

His father, James H. McCormick, was a prominent figure in higher education, serving as president of Bloomsburg University and chancellor for the Pennsylvania State System of Higher Education. His mother, Maryan G. McCormick, was a college professor.

McCormick's academic achievements are impressive, having graduated from West Point in 1987 with a Bachelor of Science degree in mechanical engineering. He was a four-time letterman on the Army wrestling team and the team's co-captain his senior year.

McCormick's academic pursuits didn't stop there, as he went on to earn a PhD in international relations from Princeton University's School of Public and International Affairs in 1996.

Dave McCormick's career is marked by his work in the private sector, where he served as the President and CEO of Bridgewater Associates, a global investment management firm. He led the company's growth and expansion into new markets.

As the CEO of Bridgewater, McCormick oversaw the firm's significant growth, with assets under management reaching over $100 billion.

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McCormick graduated from West Point and went on to attend the prestigious United States Army Airborne School and Ranger School, where he was named Honor Graduate.

He joined the 82nd Airborne Division at Fort Bragg, North Carolina, in 1987, and was part of the first wave of U.S. troops deployed to Iraq during the Gulf War in 1991.

McCormick received the Bronze Star for his actions in the Gulf War, where he was tasked with clearing minefields and destroying enemy munitions as executive officer of a combat engineering company of 130 soldiers.

After five years of commissioned service, McCormick left the military in 1992, separating at the rank of Captain.

Dave McCormick, who served as the president of Bridgewater Associates, the world's largest hedge fund, from 2009 to 2020, and its CEO from 2020 to 2022, profited from the 2008 financial crisis.

He began working under former Treasury Secretary Henry Paulson in 2007 and went to Bridgewater Associates in 2009.

Dalio made $780 million dollars in 2008 as Bridgewater Associates' Alpha fund saw a 9% increase, while other hedge funds were witnessing 20% losses during that time.

McCormick's friendship with Dalio, who predicted an impending financial crisis in early 2008, played a significant role in his career advancement.

Dalio had met with McCormick multiple times in early 2008 to encourage him and other officials to print money to stave off a financial crisis, which the federal government ultimately did.

McCormick went on to earn $21 million in 2021 as the hedge fund's CEO, after being hired by Dalio in 2009.

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Dave McCormick is a 7th generation Pennsylvanian, born in Washington, Pennsylvania, and raised in Bloomsburg.

He was raised by two lifelong teachers and prominent educators who instilled in him the value of hard work. His parents were a big influence on his upbringing.

Dave was a high school athlete, playing football and wrestling, and even worked part-time jobs like trimming Christmas trees, delivering newspapers, and busing tables at the Magee Hotel.

He was nominated to the United States Military Academy by a Pennsylvania Senator, becoming the first kid from Bloomsburg to attend West Point in decades.

After graduating from West Point, Dave served in the 82nd Airborne Division as a paratrooper, deployed to the Middle East during the First Gulf War, and received the Bronze Star for his service in Iraq.

Dave earned his Ph.D. in international relations from Princeton University and went on to become the CEO of FreeMarkets, a successful tech startup that employed hundreds in Western Pennsylvania.

He later served in high-level government positions, including Under Secretary of Treasury and Deputy National Security Advisor, where he spearheaded the fight to protect American technology from Chinese theft.

Dave's leadership experience spans over four decades, and he's committed to using it to deliver results for the Keystone State.