 Following graduation from Admiral Farragut Academy, he attended the United States Naval Academy in Annapolis, Maryland from 1967 to 1969, before transferring to Harvard University, where he earned a bachelor's degree in economics in 1971.From 1972 to 1973, he studied Latin American studies at Oxford University.Completing his education in 1975, he earned an M.B.A. from the Graduate School of Business at Stanford University.