Richard Vaughn Spencer (born January 18, 1954) is an American politician and businessman who served as the 76th
United States Secretary of the Navy
The secretary of the Navy (or SECNAV) is a statutory officer () and the head (chief executive officer) of the United States Department of the Navy, Department of the Navy, a military department (component organization) within the United States D ...
from August 3, 2017, to November 24, 2019. While serving as Secretary of the Navy, he also briefly served as Acting
United States Secretary of Defense
The United States secretary of defense (SecDef) is the head of the United States Department of Defense, the executive department of the U.S. Armed Forces, and is a high ranking member of the federal cabinet. DoDD 5100.1: Enclosure 2: a The s ...
(July 15 to July 23, 2019) and Acting
United States Deputy Secretary of Defense
The deputy secretary of defense (acronym: DepSecDef) is a statutory office () and the second-highest-ranking official in the Department of Defense of the United States of America.
The deputy secretary is the principal civilian deputy to the se ...
(July 24 to July 31, 2019).
Spencer served in the
U.S. Marine Corps
The United States Marine Corps (USMC), also referred to as the United States Marines, is the maritime land force service branch of the United States Armed Forces responsible for conducting expeditionary and amphibious operations through comb ...
from 1976 to 1981 as a
Marine Aviator and also served as Vice Chairman and Chief Financial Officer of
Intercontinental Exchange
Intercontinental Exchange, Inc. (ICE) is an American company formed in 2000 that operates global financial exchanges and clearing houses and provides mortgage technology, data and listing services. Listed on the Fortune 500, S&P 500, and Russell ...
from November 2001 to January 2008. Spencer served as Secretary of the Navy from August 3, 2017, to November 24, 2019, when
Secretary of Defense
A defence minister or minister of defence is a cabinet official position in charge of a ministry of defense, which regulates the armed forces in sovereign states. The role of a defence minister varies considerably from country to country; in som ...
Mark Esper
Mark Thomas Esper (born April 26, 1964) is an American politician and manufacturing executive who served as the 27th United States secretary of defense from 2019 to 2020. A member of the Republican Party, he had previously served as the 23rd ...
requested his resignation over his handling of the
Eddie Gallagher case. Spencer was displeased that the White House interfered and pressured him to let Gallagher retire as a Navy SEAL.
Early life
Born in 1954 in Waterbury, Connecticut, Spencer attended
Rollins College
Rollins College is a private college in Winter Park, Florida. It was founded in November 1885 and has about 30 undergraduate majors and several graduate programs. It is Florida's fourth oldest post-secondary institution.
History
Rollins Colle ...
as an undergraduate, majoring in economics. After graduating, he joined the
United States Marine Corps
The United States Marine Corps (USMC), also referred to as the United States Marines, is the maritime land force service branch of the United States Armed Forces responsible for conducting expeditionary and amphibious operations through combi ...
, serving as a
Marine Aviator from 1976 to 1981. While in the Marines, he was assigned to
Marine Medium Tiltrotor Squadron 161,
Marine Aircraft Group 16
Marine Aircraft Group 16 is a United States Marine Corps aviation unit based at Marine Corps Air Station Miramar that is currently composed of four V-22 Osprey squadrons, four CH-53 Super Stallion squadrons, one Personnel Support Detachment, and ...
with the callsign "Chowder".
Career
After leaving the Marines as a captain, he worked on Wall Street for 15 years, holding positions at
Goldman Sachs
Goldman Sachs () is an American multinational investment bank and financial services company. Founded in 1869, Goldman Sachs is headquartered at 200 West Street in Lower Manhattan, with regional headquarters in London, Warsaw, Bangalore, H ...
,
Bear Stearns
The Bear Stearns Companies, Inc. was a New York-based global investment bank, securities trading and brokerage firm that failed in 2008 as part of the global financial crisis and recession, and was subsequently sold to JPMorgan Chase. The compa ...
,
Donaldson, Lufkin & Jenrette
Donaldson, Lufkin & Jenrette (DLJ) was a U.S. investment bank founded by William H. Donaldson, Richard Jenrette, and Dan Lufkin in 1959. Its businesses included securities underwriting; sales and trading; investment and merchant banking; fina ...
,
A. G. Becker,
Paine Webber
PaineWebber & Co. was an American investment bank and stock brokerage firm that was acquired by the Swiss bank UBS in 2000. The company was founded in 1880 in Boston, Massachusetts, by William Alfred Paine and Wallace G. Webber. Operating with ...
and
Merrill Lynch
Merrill (officially Merrill Lynch, Pierce, Fenner & Smith Incorporated), previously branded Merrill Lynch, is an American investment management and wealth management division of Bank of America. Along with BofA Securities, the investment bank ...
. Spencer served on the
Defense Business Board
The Defense Business Board was established in 2001 as a complement to broader transformation efforts in the Department of Defense from an overly burdensome bureaucracy to a more streamlined, effective organization. The Board consists of approxi ...
, a Pentagon advisory panel, from 2009 to 2015 and on the
Chief of Naval Operations
The chief of naval operations (CNO) is the professional head of the United States Navy. The position is a statutory office () held by an admiral who is a military adviser and deputy to the secretary of the Navy. In a separate capacity as a memb ...
Executive Panel. During his time on the Defense Business Board, he proposed shutting down domestic military commissaries in favor of negotiated military discounts at public retailers.
Secretary of the Navy
In June 2017, President
Donald Trump
Donald John Trump (born June 14, 1946) is an American politician, media personality, and businessman who served as the 45th president of the United States from 2017 to 2021.
Trump graduated from the Wharton School of the University of Pe ...
nominated Spencer to serve as the 76th
United States Secretary of the Navy
The secretary of the Navy (or SECNAV) is a statutory officer () and the head (chief executive officer) of the United States Department of the Navy, Department of the Navy, a military department (component organization) within the United States D ...
. Spencer was confirmed by the
United States Senate
The United States Senate is the upper chamber of the United States Congress, with the House of Representatives being the lower chamber. Together they compose the national bicameral legislature of the United States.
The composition and pow ...
on August 1, 2017. He was sworn in on August 3, 2017, and served until November 24, 2019.
On July 15, 2019, he assumed the duties of acting Secretary of Defense and expected "to continue to serve in this role until a Secretary of Defense nominee is confirmed by the Senate and assumes office. At that time, I will continue to serve as Secretary of the Navy."
He assumed the duties of
Deputy Secretary of Defense
The deputy secretary of defense (acronym: DepSecDef) is a statutory office () and the second-highest-ranking official in the Department of Defense of the United States of America.
The deputy secretary is the principal civilian deputy to the se ...
on July 23, 2019.
In November 2019,
Secretary of Defense
A defence minister or minister of defence is a cabinet official position in charge of a ministry of defense, which regulates the armed forces in sovereign states. The role of a defence minister varies considerably from country to country; in som ...
Mark Esper
Mark Thomas Esper (born April 26, 1964) is an American politician and manufacturing executive who served as the 27th United States secretary of defense from 2019 to 2020. A member of the Republican Party, he had previously served as the 23rd ...
stated that he had learned that Spencer had proposed to White House officials that, if they did not interfere with military justice proceedings against Navy SEAL
Eddie Gallagher, Spencer would ensure that Gallagher was able to retire with his Trident Pin, a symbol of membership in the SEALs. Gallagher had been convicted by court martial in July 2019 of wrongfully posing for an unofficial picture with a human casualty, and acquitted of six additional charges including murder. Spencer's private proposal to the White House – which he did not share with Esper over the course of several conversations about the matter – contradicted his public position on the Gallagher case, chief Pentagon spokesman Jonathan Hoffman said in a statement. Esper fired Spencer on November 24, 2019, saying he was "flabbergasted" by Spencer going directly to the White House outside the chain of command.
The next day Esper told reporters that Trump had issued an order that Gallagher be allowed to retire as a Navy SEAL.
In a letter to Trump acknowledging his termination, Spencer stressed his belief in the importance of "
good order and discipline", saying, "Unfortunately, it has become apparent that... I no longer share the same understanding with the Commander in Chief who appointed me, in regards to the key principle of good order and discipline. I cannot in good conscience obey an order that I believe violates the
sacred oath I took in the presence of my family, my flag and my faith to support and defend the Constitution of the United States."
On November 27, 2019, ''
The Washington Post
''The Washington Post'' (also known as the ''Post'' and, informally, ''WaPo'') is an American daily newspaper published in Washington, D.C. It is the most widely circulated newspaper within the Washington metropolitan area and has a large nati ...
'' published an op-ed by Spencer, in which he said that Trump "has very little understanding of what it means to be in the military", and referred to Trump's actions in the Gallagher case as a "shocking and unprecedented intervention".
Later career
On February 7, 2020, Spencer endorsed
Michael Bloomberg
Michael Rubens Bloomberg (born February 14, 1942) is an American businessman, politician, philanthropist, and author. He is the majority owner, co-founder and CEO of Bloomberg L.P. He was Mayor of New York City from 2002 to 2013, and was a ca ...
for U.S. President in the
2020 U.S. presidential election.
He is a member of the
Marine Corps Association and Foundation and the
Marine Corps Aviation Association
Marine is an adjective meaning of or pertaining to the sea or ocean.
Marine or marines may refer to:
Ocean
* Maritime (disambiguation)
* Marine art
* Marine biology
* Marine debris
* Marine habitats
* Marine life
* Marine pollution
Militar ...
.
References
External links
Biography at U.S. Navy
Bloomberg Background*
* (alt)
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, -
{{DEFAULTSORT:Spencer, Richard V.
1954 births
Living people
Politicians from Waterbury, Connecticut
Rollins College alumni
Trump administration personnel
United States Secretaries of the Navy
United States Marine Corps officers