Monday, November 9, 2009

The Latest List of Goldman Player's Now in (or recently in) Government

Treasury Secretary under Bill Clinton (Robert Rubin)

Treasury Secretary under George Bush (Hank Paulson)

Current president and former chairman of the New York Federal Reserve (William Dudley and Stephen Friedman)

Chief of Staff to current Treasury Secretary Timothy Geithner (Mark Patterson)

Chief of Staff under President Bush (Joshua Bolten)

Economic adviser to the Secretary of State, Hillary Clinton (Robert Hormats)

Chairman of the US Commodity Futures Trading Commission (Gary Gensler)

Under-Secretary of State for Economic, Business, and Agricultural affairs under President Bush (Reuben Jeffery)

The past and current heads of the New York Stock Exchange (John Thain and Duncan Niederauer)

The chief operating officer of the Securities and Exchange Commission’s enforcement division (Adam Storch)

Goldman’s new top lobbyist in Washington, Michael Paese, used to work for Barney Frank, the congressman who chairs the House Financial Services Committee.

In London, Goldman's former chief economist and partner, Gavyn Davies, is married to Prime Minister Gordon Brown’s special adviser Sue Nye. Under Tony Blair, Davies became chairman of the BBC.

His successor as chief economist at Goldman, the late David Walton, was handed a seat on the Bank of England’s interest-rate setting Monetary Policy Committee.

Paul Deighton, who is running the London Olympic Games organising committee, used to be Goldman’s chief operating officer.

Obama’s top economic adviser Larry Summers never worked directly for Goldman, but served in Clinton’s government under his mentor, Goldmanite Robert Rubin, and Goldman paid Summers $135,000 to appear at a one-day speaking event in 2008 before Barack Obama came to power

Goldmanite Mark Carney is governor of the Bank of Canada.

Robert Zoellick, head of the World Bank, was a managing director and chairman of the Goldman's International Advisors department.

Neel Kashkari Treasury Interim Assistant Secretary for Financial Stability, during the Hank Paulson period at Treasury, is a former Goldman Sachs man.

The ultimate global inside operator is Mario Draghi From 2002 to 2005, he was vice chairman and managing director of Goldman Sachs International and a member of the firm-wide management committee. He is governor of the Bank of Italy. In this capacity, he is a member of the Governing and General Councils of the European Central Bank and a member of the Board of Directors of the Bank for International Settlements.

He is also governor for Italy on the Boards of Governors of the International Bank for Reconstruction and Development and the Asian Development Bank. In April 2006 he was elected Chairman of the very powerful Financial Stability Forum, which became Financial Stability Board in spring 2009.

List complied via data from Goldman, EPJ and TimesOnline and various government press releases.


  1. You've done a service keeping on this Goldman stuff. Hopefully this becomes a top-visited post.

  2. You've done a service keeping on this Goldman stuff. Hopefully this becomes a top-visited post.

  3. As always, excellent reporting. Time at EPJ is time well-spent.