Douglas Shulman earned a B.A. from Williams College in Massachusetts, an M.P.A. from the John F. Kennedy School of Government (Harvard University) and a J.D. from Georgetown University Law Center. He began his career at the consulting firm of A.T. Kearney. From 1996 to 1997, he was Senior Policy Advisor and then Chief of Staff of the bipartisan National Commission on Restructuring the IRS. From 1998 to 2000, Shulman was Vice President of Darby Investments, Ltd., a holding company, where he managed financial and legal aspects of the company’s transactions. In January 2000, Shulman founded his own consulting firm, FoundryOne, Inc., which specialized in technology-focused new business ventures. That same year, he joined the National Association of Securities Dealers (NASD), where he became president of markets, services and information, and a member of the office of the chairman two years later. He served as NASD vice chairman before its 2007 consolidation, after which he served in the same position for the newly formed Financial Industry Regulatory Authority (FINRA), the private-sector regulator of all securities firms doing business in the United States. He became the 47th Commissioner of Internal Revenue on March 24, 2008. He serced a five-year tem and left his position in November 2012.
Shulman donated $500 to the Democratic National Committee in 2004.