GekeVenn: GOLDMAN SACHS (updated)

The first GekeVenn highlighting the revolving-door employees of Goldman Sachs (below) was published in December of 2011, so it's certainly time for an update.

Five people in the Trump administration stand out as former members of Goldman Sachs, but none more prominently than the current Treasury Secretary, Steve Mnuchin. He joins Robert Rubin (Clinton administration) and Henry Paulson (Bush administration) as Goldman Sachs Treasury Secretaries of recent memory.

But the cozy relationship between Goldman Sachs and the federal government actually began in the 1930s when FDR appointed the chief executive of Goldman Sachs, Sidney Weinberg, to the position of assistant director of the War Production Board. Weinberg went on to advise presidents Truman, Eisenhower, and Johnson and began a long history of what I like to call "embedded fellows" of Goldman Sachs.

It was reported today in Financial News that two other employees of Goldman Sachs attended the controversial 33rd Annual President's Club charity dinner in London, a notoriously "men-only" event: Adam Victor (VP, equity sales) and John Storey (co-head of equity sales). It's also reported that female hostesses working the event were groped by several attendees. Auction items included tickets to the Windmill stripclub in Soho and a voucher for plastic surgery to "add spice to your wife." The official statement from Goldman Sachs is that Victor and Storey attended the charity event in a personal capacity.

Three days ago, @an0nkn0wledge posted information linking the law firm of Morris, Nichols, Arsht, & Tunnell (MNAT), which has worked for Goldman Sachs, to the eToys scandal. You can read more about that story here.