Goldman Sachs graduates populate the uppermost reaches of government and business.
Joshua Bolten The current White House chief of staff served as Goldman?s executive director for legal and government affairs in between 1994 and 1999. Bolten, 52, plays bass guitar in a band called the Compassionates, recently entertaining fellow politicians with a performance at the White House congressional picnic last June.
Jon Corzine The Democratic governor of New Jersey joined Goldman Sachs as a bond trader in 1975. Having worked his way up to the chairman and CEO seat in 1994, Corzine is credited with transforming the ultra-private, white-shoe bank into a publicly traded global powerhouse. Corzine was reputedly ousted from Goldman in 1999 in a coup orchestrated by, among others, his successor, now the U.S. treasury secretary, Henry ?Hank? Paulson.
Jim Cramer After graduating from Harvard Law School in 1984, Cramer joined Goldman Sachs as a stockbroker, before striking out on his own in 1987, founding the hedge fund Cramer, Berkowitz. Cramer, a best-selling author, later founded online financial news site TheStreet.com and is today the host of Mad Money on CNBC.
Mario Draghi The governor of Banca d?Italia, the Italian Central Bank, is also vice chairman of Goldman Sachs International and serves as a member of the Group’s Commitments Committee. Between 1984 and 1990, Draghi was executive director of the World Bank. In 1991 he became director general of the Italian treasury, and is credited with the nation?s successful privatization program.
Stephen Friedman In June, Friedman founded Stone Point Capital, a private equity firm. He has also served as chairman of President George W. Bush?s Foreign Intelligence Advisory Board and chairman of the Intelligence Oversight Board since December 2005. Before he retired in 1994, Friedman?s 30-year career with Goldman Sachs culminated with his post as chairman and senior partner.
Edward Lampert With a net worth of $3.8 billion, this Goldman alum was ranked last year by Forbes magazine as Connecticut?s richest resident. The chief executive of ESL Investments, and chairman of Sears Holdings, Lampert began his career as an intern at Goldman Sachs before joining the firm’s risk arbitrage department. He left Goldman in 1988 to set up ESL.
Henry M. Paulson The current United States treasury secretary joined Goldman Sachs in 1974, becoming partner just eight years later. Paulson served as Goldman?s chief executive from 1999 to May 2006 before being tapped to join President George W. Bush?s cabinet.
Robert Rubin Former treasury secretary and chairman of the National Economic Council under President Clinton. In 1966 he joined Goldman?s risk arbitrage department, becoming a general partner five years later. Between 1990 and 1992, he served as the firm?s co-chairman and co-senior partner along with Stephen Friedman, before leaving to join the Clinton cabinet. In 2001, Rubin left government to join Citigroup, where he serves as chairman of the company?s Executive Committee.
John C. Whitehead The 38-year veteran of Goldman Sachs retired in 1984 as co-chair and senior partner. His resume boasts an impressive litany of noninvestment titles, including chairman of the Lower Manhattan Development Corp. and former chairman of the Federal Reserve Bank of New York. In 1985, Whitehead became deputy secretary of state, second-in-command to Secretary George Shultz. He was later awarded the Presidential Citizens Medal by President Reagan. Today he serves as chairman of the Goldman Sachs Foundation.
