Pay cuts are common for businesspeople moving into public service. But few are on the scale accepted by Henry Paulson, US president George Bush’s nominee as US Treasury Secretary.
Last year, Paulson’s compensation package as chairman and chief executive of Goldman Sachs totalled more than $38 million.
He will earn $183,500 as Treasury Secretary if, as expected, his appointment is confirmed by the Senate. The loss of earnings should not come as...
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
Then €19.99 a month after the offer period.
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Get a Business Account for you and your team