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Lessons Learned: Paul Boothe

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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.

Suggested Citation

  • Chute Lynch, Mary Anne, 2024. "Lessons Learned: Paul Boothe," Journal of Financial Crises, Yale Program on Financial Stability (YPFS), vol. 6(2), pages 105-107, March.
    • Handle: RePEc:ysm:ypfsfc:v:6:y:2024:i:2:p:105-107
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    File URL: https://elischolar.library.yale.edu/cgi/viewcontent.cgi?article=1563&context=journal-of-financial-crises
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    Keywords

    Chrysler; General Motors; restructuring; G-7; Global Financial Crises;
    All these keywords.

    JEL classification:

    • G01 - Financial Economics - - General - - - Financial Crises
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation

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