In praise of Government Sachs?

October 19, 2008 | By Jim Kim

At Goldman Sachs, the goal of all the really big wigs has long been to retire gracefully and do something for society. That was really the only way to prove your bona fides. Over the years, that ethic has eroded, though plenty of execs seek public service. The New York Times offers an interesting look at how the bailout effort has been dominated by Government Sachs. There are plenty of former top execs in the mix, like Henry Paulson and Robert Steel, but also some lesser knowns--most notably Neel Kashkari, the 35-year old former technology banker who has become Paulson's right hand man. So do we have anything to fear from this group? A true conspiracy theorist might spin a tale about the group secretly advancing Goldman's agenda. But most people would scoff at the idea.

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