 He was awarded the Clarence E. Page Memorial Trophy from the Oklahoma Air and Space Hall of Fame in 1989.In 1990, with the assistance of Forstmann Little & Company, Paulson purchased all 25 million shares of Gulfstream's common stock from Chrysler, an investment of some $825 million.Paulson announced his retirement in January 1992 and his shares in the company were purchased by Forstmann Little.