Investment banker named US treasury secretary
Bush chooses Goldman Sachs chairman
Bush chooses Goldman Sachs chairman
Henry Paulson, the chairman of investment bank Goldman Sachs, has been
nominated as the US treasury secretary to replace from John Snow, who is
resigning after three years in the job.
Paulson has been chairman and chief executive of Goldman Sachs since May
1999, when the bank went public, and has worked at the banks since the 1970s.
Referring to him as Hank, president Bush described the American economy as
‘powerful, productive and prosperous’ and said he looked forward to working with
Paulson to ‘keep it that way’.
Bush has had a hard time keeping treasury secretaries after Snow’s
predecessor Paul O’Neill, the former boss of aluminium maker Alcoa, spent only
eighteen months in the job before resigning at the end of 2002.
In the past decade, the professional services industry has transformed significantly. Digital disruptions, increased competition, and changing market ...
View resourceIn recent months, professional services firms are facing more pressure than ever to deliver value to clients. Often, clients look at the firms own inf...
View resourceIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceThe first phase of Making Tax Digital (MTD) saw the requirement for the digital submission of the VAT Return using compliant software. That’s now behi...
View resourceAs we get closer to the Budget and there is talk of public spending reduction to fund his proposals, we think a cut by the Chancellor to the headline ...
View articleTechnology industry leaders are pressing the government for substantial investment to prepare the next generation with essential digital and AI skills...
View articleUK Chancellor Jeremy Hunt has hinted at the possibility of further tax cuts in the upcoming spring Budget, during his time at the World Economic Forum...
View articleEffective corporate reporting on sustainability will prevent greenwashing issues and deliver more data for better implementation of climate policies R...
View articleCGT receipts have increased by over 100% in the past five years and reached a record level of £18bn in the last year alone, and a further 18% increase...
View articleThe Office for National Statistics reported that inflation in the UK dropped to 7.9% in June Read More...
View articleAccording to the senior Conservative, the Tory party must have one eye on the next general election in deciding the future of the off-payroll working ...
View article23% of business owners having hastened their plans to either sell or wind down their businesses Read More...
View article