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Former wrestler Stephen Friedman named as top economic advisor to President Bush

By Various sources | Dec. 12, 2002, 12 a.m. (ET)

On Thursday, Dec. 12, President George W. Bush announced that Stephen Friedman, a former wrestler who reached national prominence as a Wall Street investment banker, would serve as his new top economic advisor. Friedman will serve as Assistant to the President for Economic Policy and Director of the National Economic Council, according to the White House press release. According to the White House announcement, Friedman spent 28 years with Goldman Sachs & Company where he served as Co-chairman from 1990-1992, and Chairman and Senior Partner from 1992-1994. He is currently a Senior Principal at the investing firm Marsh & McLennan Capital. In 1993, Stephen Friedman was named as an Outstanding American by the National Wrestling Hall of Fame and Museum. This honor recognizes former wrestlers who have achieved great things in American society. Friedman was a tremendous wrestler. At Cornell Univ., he was a champion of the Eastern Intercollegiate Wrestling Association (EIWA) in 1959. He also claimed a National AAU Freestyle title competing for the New York Athletic Club in 1961. Friedman boasts a win over Doug Blubaugh, a 1960 Olympic freestyle champion for the United States. LINKS TO INFORMATION AND ARTICLES ABOUT STEPHEN FRIEDMAN Wrestling Hall of Fame - Outstanding American Stephen Friedman, Class of 1993 White House press release on Stephen Friedman Reuters - Friedman brings Wall Street savvy to White House AP - Bush names Friedman as top economic advisor Dow Jones: Bush names Friedman to chair National Economic Council USA Today: Friedman known as consensus builder