Word: goldman
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Dates: during 2000-2009
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Money is what made it possible for Jon Corzine, the bearded, bespectacled and besweatered former co-chairman of Goldman Sachs, running on an unabashed liberal platform, to go from near anonymity to beat former Governor Jim Florio in last week's New Jersey primary. His open wallet opened the minds of many Democratic bosses to his novice candidacy--he even put spouses of party officials and a county chair on the payroll. Spending about $140 per vote cast, sprinkling more than $2 million in get-out-the-vote money around the state, he might as well have ferried each voter...
Some, like Shannon May '99-00, say that the financial training she will receive at Goldman, Sachs in New York will provide her with the training she needs to be a viable leader for a non-profit organization...
...students heading to Goldman, Sachs or McKinsey like to talk about the experience they will gain, the loans they have to repay, and the excitement of the job, but no one mentions the inflated salaries or the ease of the job search...
Steve Forbes, Ross Perot, Ron Lauder, Michael Huffington: Millionaire political novices running self-financed campaigns tend to stir up more chuckles than consternation - as long as they lose. But ex-Goldman Sachs honcho Jon Corzine put $34 million of his own money into all the right pockets. He greased New Jersey Democrat "party-builders" and got out the vote instead of blowing it all on advertising (though he did plenty of that too - $34 million allows you a certain flexibility). He broke all records for Senate campaign spending, and the main event is yet to come...
...into free-speech problems - but then again, why should rich people have the loudest voice, whether the voice belongs to the elected official himself, as in Corzine's case, or to his contributors? In any case, now that Corzine, who made his $400 million in an instant when Goldman Sachs went public, has apparently solved the problem of why rich men don't win, brace yourself: There are an awful lot of dot-com millionaires out there looking for a new challenge...