Looks like CEO of Goldman Sachs and Treasury secretary nominee Henry M. Paulson Jr. will be around a half billion dollars richer. Bloomberg News reported that Paulson will sell his holdings in Goldman Sachs to comply with an agreement he has with the Office of Government Ethics. The chief executive of the New York-based investment bank owned 3.23 million of Goldman shares, worth about $485 million. The Treasury secretary nominee will sell some of his investment funds as well and exercise and sell all of his options. Paulson, who will replace John Snow, was nominated Treasury Secretary last month for his expertise in China as well as respected 32-year career on Wall Street.— Gerald Magpily
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