Hank Paulson Back to Goldman?

http://www.futureofcapitalism.com/2010/05/wall-street-journal-hank-paulson-goldman-chairman

The Wall Street Journal reports that a move is afoot to bring Henry Paulson back to Goldman Sachs as chairman: "One camp is pressing for Goldman's board to bring back Mr. Paulson as chairman. While such a move might help restore confidence, it also could undermine Mr. Paulson's legacy as Treasury secretary during the financial crisis and fuel longstanding criticism that Goldman is a revolving door between Wall Street and Washington."

We've made the case here that Mr. Paulson's legacy as Treasury secretary was basically a disaster, so it's hard to see how bringing him to Goldman would either restore confidence in Goldman or undermine his "legacy." But the Wall Street Journal, or those pushing for Mr. Paulson's return to Goldman, clearly are peddling a different narrative.

by Ira Stoll  |  May 5, 2010 at 7:00 am Related Topics:  Goldman Sachs, Henry Paulson, Press receive the latest by email: subscribe to the free futureofcapitalism.com mailing list