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Friday, March 23, 2007

USA Treasury Secretary

Someone told me.

Henry Paulson was chairman of Goldman Sachs. He earned more than USD 30 million in 2005.

He was invited by President Bush to be the Secretary of the Treasury, for a salary of less than USD 200,000. He accepted. He did not need to be paid the same salary as he earned in the private sector.

Perhaps, there are other motivation for people, such as Henry Paulson, to serve in the top levels of government?

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