The White House as Profit Center
There was a time—not very long ago—when public service required sacrifice. In 2006, when President George W. Bush nominated Hank Paulson, then C.E.O. of Goldman Sachs, to be Treasury Secretary, Paulson owned roughly $500 million in Goldman stock. That was not a technical problem. It was a direct conflict. As Treasury Secretary, Paulson could make decisions affecting Goldman Sachs—and therefore...
May 29, 2026









