President Obama's choice for the Supreme Court, Elana Kagan, earned a $10,000 stipend for serving as a member of the Goldman Sachs Global Markets Institute advisory council, ProPublica notices. It's not entirely clear from the disclosure form that ProPublica links to whether that was a one-time payment or an annual payment, and, if annual, how many times she received it and how many hours or days of work she put in in return. It's not a lot of money by the standards of Goldman Sachs or by the standards of other Harvard faculty members or administrators with outside jobs in the financial industry, like, say, Lawrence Summers. Say what you will about Goldman, it sure has a way of spotting talent.
Elana Kagan and Goldman Sachs
by Ira Stoll | Related Topics: Goldman Sachs, Lawrence Summers, Non-Profits, President Obama, Press receive the latest by email: subscribe to the free futureofcapitalism.com mailing list