Apparently, President George W. Bush made a personal call to Goldman Sachs Group Inc.'s most senior financial institutions banker, Ken Wilson, to ask for help with the country's banking crisis, The Wall Street Journal reports. And when the president calls -- even one as unpopular as Bush -- you listen.
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Taking a temporary leave to advise former Goldman colleague, Treasury Secretary Henry M. Paulson Jr., on how to resolve the country's banking crisis, the paper said, Wilson will try to address issues from a more macro perspective since he is a big player in capital raising and reorganizations across the banking sector. Wilson (pictured) joined Goldman in 1998 from Lazard.
On May 30, 2006, President Bush nominated Goldman's former chairman and chief executive Paulson to replace John Snow as treasury secretary. - Baz Hiralal
