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No-oversight provisions also allow Paulson & al. to run away to the bahamas with lots of cash. Paulson probably still owns lots of share from its alma mater Goldman Sachs.

I don't know where I've seen a figure of $100M...

A vivid image of what should exist acts as a surrogate for reality. Pursuit of the image then prevents pursuit of the reality -- John K. Galbraith

by Migeru (migeru at eurotrib dot com) on Tue Sep 23rd, 2008 at 06:07:41 PM EST
[ Parent ]
Not exactly, he was forced to sell most of it, after his confirmation. But:

In addition to the 3.2 million shares, Paulson also owns restricted stock units representing 494,054 shares of common stock, all of which are vested and deliverable. Based on Goldman Sachs' closing price of $152.50 on Thursday, the restricted units are worth about $75 million.
He also owns options to purchase 680,474 shares of common stock, all of which are exercisable.


The road of excess leads to the palace of wisdom - William Blake
by talos (mihalis at gmail dot com) on Wed Sep 24th, 2008 at 11:10:25 AM EST
[ Parent ]
I can see how the paltry sums left were seen not to create any conflict of interests.

Earth provides enough to satisfy every man's need, but not every man's greed. Gandhi
by Cyrille (cyrillev domain yahoo.fr) on Wed Sep 24th, 2008 at 12:25:24 PM EST
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