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Posted in 2006, Finance & Insurance | 0 comments

Henry Paulson

No. 2 Henry Paulson (Chairman and CEO): Goldman Sachs & Co.

Few believed Paulson would depart Goldman Sachs to accept the Secretary of Treasury position, but the lure to shape economic policy for the country proved too great. He departed Goldman during a period of tremendous prosperity for the firm, which reported the largest profit in Wall Street history in 2006. With Paulson no longer leading the organization, will Goldman be able to repeat its success? He may not need more money, and he certainly won’t be getting more, as the new position pays a peasant’s wage of $175,000 per year compared to the $38 million he made in 20053. This is a dramatic illustration of how money is not the greatest motivator – even in money business.