The Firm's chairman Henry M. Paulson Jr. is very likely to succeed John W. Snow to be the next Treasury secretary for the Bush administration.
Mr. Paulson is going to make $175,700 for this new job. Last year, he made more than $38 million at Goldman.
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Mr Paulson doesn't get life tenure for this cabinet post. President Bush Jr will be leaving office in January 2009. So good luck with him and the American economy, which according to Prof Robert Black is not doing exactly very well.
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Yes, according to me and a few Wall Street pundits or assholes, the US economy is really not doing that well. The equity market is very jittery, the US currency is tanking, the trade deficit is looming, the budget deficit is peaking. The war in Iraq, despite what the administration is saying, I don't see any silver lining at all.
ReplyDeleteSo I made the statement that the US economy is not that hot.
The Firm has been doing very very well. So I guess if anything, Paulson is probably one of the few CEOs that kind of earned his pay. Most of the CEOs are assholes who do well for themselves, not the company, not the shareholders, not the economy, not the environment. It's just him and his bitches that reap the big pays.
It is common knowledge that the Republicans, being patriots and warmongers, are big spenders. Let's see what Mr Paulson has up his sleeve. Sometimes, I was told, wars help promote a country's economy, instead of draining it.
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