(born June 12, 1924, Milton, Mass., U.S.) 41st president of the U.S. (1989–93). Bush was the son of Prescott Bush, an investment banker and U.S. senator from Connecticut. He served in World War II as a torpedo bomber pilot on aircraft carriers in the Pacific, flying some 58 combat missions; he was shot down by the Japanese in 1944. After graduating from Yale University in 1948, he started an oil business in Texas. He was elected to a Republican seat in the U.S. House of Representatives (1966–70) and later served as ambassador to the UN (1971–72), chief of liaison to China (1974–76), and head of the CIA (1976–77). In 1980 he lost the Republican Party nomination for president to Ronald Reagan. Bush served as vice president under Reagan (1981–89), whom he succeeded as president, defeating Michael Dukakis. He made no dramatic departures from Reagan's policies. In 1989 he ordered a brief military invasion of Panama, which toppled that country's leader, Gen. Manuel Noriega. He helped impose a UN-approved embargo against Iraq in 1990 to force its withdrawal from Kuwait. When Iraq refused, he authorized a U.S.-led air offensive that began the Persian Gulf War. Despite general approval of his foreign policy, an economic recession led to his defeat by Bill Clinton in 1992. His son George W. Bush was elected governor of Texas in 1994 and president of the U.S. in 2000. Another son, Jeb Bush, was elected governor of Florida in 1998.
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Walker's grandfather, George Herbert Walker, was the founder of G. H. Walker & Co., which is now part of the Merrill Lynch conglomerate. He also served as the President of W.A. Harriman Co. 1916-1929, which is now known as Brown Brothers Harriman & Co.
George Herbert Walker III graduated from Yale University in 1953, where he was a member of Skull and Bones. Walker is married to the former Carol Banta and they have eight children between them and 10 grandchildren. He has served on the Board of Directors of Webster University. In 1992, he was a candidate for the U.S. House seat representing Missouri's 2nd Congressional District, but was defeated by then State Rep. Jim Talent in the Republican primary by a margin of 58% to 32%.
Walker's son, George Herbert Walker IV is the Global Head of Investment Management at Lehman Brothers, overseeing $300 billion across Neuberger Berman, private equity, private real estate and private banking. He was also designated a "Pioneer," the name given to large financial contributors to the United States Republican Party.