What Happened to Goldman Sachs: An Insider's Story of Organizational Drift and Its Unintended Consequences (26 page)

M
ASSIMO
T
ONONI

Government:
Italian deputy Treasury chief, 2006–2008

Goldman:
Former partner, 2004–2006

M
ALCOLM
T
URNBULL

Government:
Member of the Australian House of Representatives since 2004

Goldman:
Chairman and managing director, Goldman Sachs Australia, 1997–2001

S
IDNEY
W
EINBERG

Government:
Vice-Chair, War Production Board, during World War II

Goldman:
Worked at Goldman from 1907 to 1969

J
OHN
W
HITEHEAD

Government:
Under secretary of state from 1985 to 1989; former Chairman of the Board of the Federal Reserve of New York

Goldman:
Worked at Goldman from 1947 to 1984. Was co-senior partner with John L. Weinberg

K
ENDRICK
W
ILSON

Government:
Adviser to Treasury Secretary Henry Paulson

Goldman:
Senior investment banker at Goldman, where he worked from 1998 to 2008

R
OBERT
Z
OELLICK

Government:
President, World Bank, since 2007

Goldman:
Vice chairman, Goldman Sachs International; managing director and chairman, Board of International Advisors, 2006–2007

A reminder: I am not judging the involvement of these individuals—good or bad. This is merely to present a selected group as data.
¹
A spokesman of Goldman stated: “We’re proud of our alumni, but frankly, when they work in the public sector, their presence is more of a negative than a positive for us in terms of winning business. There is no mileage for them in giving Goldman Sachs the corporate equivalent of most-favored-nation status.”
²

Appendix D

Value of Partners’ Shares at IPO

A list of Goldman partners at the time of the IPO is shown in
table D-1
. The names, percentages of shares, shares outstanding, values at IPO, and values at close are all provided. This analysis is based on reported percentages from the
New York Times
.