This is not an anti-Bald Men in suits observation.
However, when it comes to bald guys in suits, you can’t help but notice how one major investment firm consistently promotes the hairless ones as their top executives.
Ironically, (or NOT) this particular investment house has been instrumental in the greatest transfer of wealth (from us to them) in history.
Let’s start with Henry (Hank “…tanks in the street, Mr. President”) Paulson, who with a three-page law, gave us TARP and managed to Steal acquire $700 Billion in taxpayer money to bail out his former company from going broke. (HERE)
His partner in crime business, and former Governor of the state he drove into bankruptcy (New Jersey) Jon Corzine, also single handedly caused the collapse of MF Global in 2013.
Corzine was replaced by Lloyd “Doing God’s Work” Blankfein, who latched on to the government feeding trough and received the largest taxpayer handouts in history after the 2008 meltdown compliments of Hank Paulson, (HERE).
Blankfein later faced intense scrutiny and financial penalties for his role in the 1MDB (1Malaysia Development Berhad) corruption scandal.
While he wasn’t criminally charged, he attended a 2009 meeting with a key financier behind the fraud, and Goldman Sachs was ultimately forced to pay a $2.9 billion penalty.
As a result, Blankfein and other top executives were stripped of millions in compensation…small price to pay for escaping criminal charges.
Interestingly and prior to Blankfein, the two best CEO candidates-in-waiting were lieutenants of Hank Paulson who never got the nod.
(John Thain and John Thorton both had a full head of hair).
The eminently qualified Gary Cohen was next in line to succeed Blankfein. However, he jumped to be chief economic advisor to the White House. Then mysteriously resigned over alleged “tariff disputes” with Trump early in 2018.
So, that brings us to David Solomon, the current CEO of Goldman Sachs.
Solomon started his career selling commercial paper and junk bonds at Drexel, Burnham, Lambert (who went bankrupt).
After the collapse he went to Bear Stearns (who also collapsed) and now finds himself as CEO of Goldman.
Besides being bald, the common link among these CEO’s is leaving a path of destruction in their wake.
So far, Solomon has steered clear of any major financial scandals.
But you can rest assured that (like the rest of Goldman’s dubious history) they will surface.
And it most likely will occur during a convenient WW3 scenario…assuring that no one will be brought up on any criminal charges via many Distractions de Jour (DDJ).
Lord only knows how this story ends.
But if you want to learn how CEOs pad their bank accounts with insider buying, be sure to read our July Newsletter (HERE).
Share this with a friend…especially if they tend to be suspicious of Bald Guys in Suits. They’ll thank YOU later.
And tell them:
We’re Not Just About Finance
But we use finance to give you hope.
“And you shall know the truth, and the truth shall make you free.”
