Bush’s new Treasury Secretary, Henry Paulson, is the outgoing Chairman and CEO of Goldman Sachs, which seems to be the go-to company for presidential appointments and political candidates.
Speculation that Paulson would take over from Snow increased after Joshua Bolten, a former Goldman Sachs executive who had worked with Paulson and was leading the effort to find a replacement, became the new White House chief of staff.
Robert Rubin, one of Paulson’s predecessors, served as Treasury secretary in the Clinton administration, and Jon Corzine, another Goldman Sachs chairman, served as a U.S. senator from New Jersey and is now governor of that state.
But the really interesting thing about Mr. Paulson is that he also serves as chairman of the Nature Conservancy.
Paulson was known on Wall Street for his dedicated support of environmental causes. Earlier this year, he made a gift of $100 million in Goldman stock to a family foundation dedicated to conservation and environmental education. Even after that gift, Paulson has a net worth estimated at more than $500 million.
Paulson, who was known to favor bird-watching in New York’s Central Park to playing golf, is chairman of the Nature Conservancy and the chairman emeritus of the Peregrine Fund.
Last year Goldman Sachs donated 680,000 acres in Chile to the Wildlife Conservation Society.
We’d likely be better off if he were in charge of environmental policy.