HOME /  Moneybox :  Commentary about business and finance.

Snow's Job

Why no Wall Street CEO wants to be the new Treasury secretary.

By |Posted Friday, April 7, 2006, at 6:20 AM

(Continued from Page 1)

And nobody better exemplifies the trend of sharply rising incomes at the top than the fantasy list. Can CEOs like John Mack (minimum 2005 compensation: $25 million), Henry Paulson (2005 compensation: $38.8 million), or Stanley O'Neal (2005 compensation: $35.5 million) really stand up and suggest, as Snow did to the Wall Street Journal, that making a few people really rich makes us all wealthier?

John Snow will have a replacement, and he may very well come from the corporate world. But if it's an A-list Wall Street CEO, I'll buy a copy of Dow 36,000 and eat the first chapter.

SINGLE PAGE
Page: 1 | 2
MYSLATE
MySlate is a new tool that lets you track your favorite parts of Slate. You can follow authors and sections, track comment threads you're interested in, and more.
SLATE'S MOST VIRAL

Daniel Gross is the Moneybox columnist for Slate and the business columnist for Newsweek. You can e-mail him at moneybox@slate.com and follow him on Twitter. His latest book, Dumb Money: How Our Greatest Financial Minds Bankrupted the Nation, has just been published in paperback.

Photograph of John Snow by Mark Wilson/Getty Images.