Lessons Learned: Paul Boothe

Mary Anne Chute Lynch
Additional contact information
Mary Anne Chute Lynch: YPFS, Yale School of Management, https://elischolar.library.yale.edu/journal-of-financial-crises/

Journal of Financial Crises, 2024, vol. 6, issue 2, 105-107

Abstract: Paul Boothe served as Canada's senior associate deputy minister of industry during the Global Financial Crisis (GFC) of 2007-2009. Boothe led the Canadian federal government's negotiation team during the restructuring talks with Chrysler and General Motors (GM). He also negotiated with the Canadian Auto Workers (CAW), a union that included Tier 1 auto parts suppliers for all the major auto manufacturers worldwide. Canada aligned with the United States government to rescue the auto manufacturers and provided 20% of the funding to rescue the corporations and suppliers. From 2004 to 2005, Boothe served as the associate deputy minister of finance and Group of Seven (G-7) deputy for Canada; after the GFC, he was deputy minister of the environment from 2010 to 2012. In 2016, Boothe was awarded the Order of Canada, the nation's highest civilian honor, for his contributions to shaping Canadian economic and fiscal policy. He currently teaches in the executive program at the Ivey Business School at Western University in Ontario. This Lessons Learned summary is based on an interview held with Boothe on May 9, 2022.

Keywords: Chrysler; General Motors; restructuring; G-7; Global Financial Crises (search for similar items in EconPapers)
JEL-codes: G01 G28 (search for similar items in EconPapers)
Date: 2024
References: Add references at CitEc
Citations:

Downloads: (external link)
https://elischolar.library.yale.edu/cgi/viewconten ... -of-financial-crises (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ysm:ypfsfc:v:6:y:2024:i:2:p:105-107

Access Statistics for this article

More articles in Journal of Financial Crises from Yale Program on Financial Stability (YPFS) Contact information at EDIRC.
Bibliographic data for series maintained by ().