Hank Paulson had to sell his 500 milion stake in Goldman Sachs tax free when he became treasury secretary, according to Bloomberg's magazine. Also, he had a chance to sell at it at the peak, about 240 a share, now that stock is at 60. Tax savings of about 150 million $ for 2 years of public service and a chance to make valuable government connections, priceless. Who said he is not smart and capable, on the contrary.
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Hank Paulson had to sell his 500 milion stake in Goldman Sachs tax free when he became treasury secretary, according to Bloomberg's magazine. Also, he had a chance to sell at it at the peak, about 240 a share, now that stock is at 60. Tax savings of about 150 million $ for 2 years of public service and a chance to make valuable government connections, priceless. Who said he is not smart and capable, on the contrary.
Nov 13 13:16 pm
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