No one wants to be the new Treasury secretary.

Commentary about business and finance.
April 7 2006 6:20 AM

Snow's Job

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

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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.

Daniel Gross is a longtime Slate contributor. His most recent book is Better, Stronger, Faster. Follow him on Twitter.