Mario Draghi has the unenviable job of trying to help navigate the eurozone through the stormy sovereign debt crisis the currency area is in the midst of. He has a pivotal role as the head of the eurozone’s central bank. In the past he has had a senior role at the World Bank, as well as been managing director of the Italian Treasury, and president of the Italian central bank. For three years from 2002-2005 Draghi was managing director at Goldman Sachs International.Reuters
Mario Draghi has the unenviable job of trying to help navigate the eurozone through the stormy sovereign debt crisis the currency area is in the midst of. He has a pivotal role as the head of the eurozone’s central bank. In the past he has had a senior role at the World Bank, as well as been managing director of the Italian Treasury, and president of the Italian central bank. For three years from 2002-2005 Draghi was managing director at Goldman Sachs International.ReutersWilliam Dudley heads up the wealthiest and most powerful of the US’s 12 Federal Reserve Banks which make up the country’s central banking system. He has a hand in setting and implementing monetary policy for the world’s richest nation. Dudley took up this role in 2009, having spent 21 years at Goldman Sachs where he rose to the position of chief economist.ReutersLucas Papademos has been the head of the Bank of Greece, the head of the European Central Bank, and is now the prime minister of Greece. He worked with Goldman Sachs when Greece was trying to get its debts levels down so it could swap its currency from the drachma to the euro. It later transpired that that cross currency deals negotiated between Greece and Goldman had helped mask Greece’s true levels of debt and contributed to the current crisis in the eurozone.ReutersCFTCReutersRomano Prodi made millions advising Goldman Sachs on its investments in the early 1990s, before going on to become the most powerful man in the European Union. He held the position of president of the European Commission from 1999-2004, before becoming the Italian prime minister for the second time from 2006-2008. Prodi was first Italian prime minister from 1996-1998.ReutersItaly's consumer confidence took a nose dive in April as Prime Minister Mario Monti's ongoing austerity efforts push the nation into a deeper recession.ReutersPhilip Murphy is the US’s ambassador to the Europeans’ economic powerhouse, Germany. For 23 years Murphy worked for Goldman Sachs, including as head of the company’s Frankfurt office, before becoming a senior director.ReutersAfter thirteen years at Goldman Sachs, where he worked through senior positions like executive director of emerging debt capital markets and managing director of investment banking, Mark Carney eventually ended up as the governor of the Bank of Canada where he sets monetary policy.ReutersRobert Hormats has a role in the financial heart of the US government. He was previously vice-chairman of Goldman Sachs and was involved in a scandal that saw Goldman illegally promote Asian stock of four companies that had not gone public. Goldman was fined $2m.ReutersThe latest Galaxy poll, commissioned by The Daily Telegraph, delivered on Monday figures that were far worrisome for Opposition Leader Tony Abbott as they indicated he would replace the current occupant of The Lodge after the 2013 national election.REUTERS
Across the world in policy and decision-making bodies, from governments to central banks, graduates of one of the world's most ruthless investment banks hold senior positions.
They are former Goldman Sachs employees and they are ruling the financial world.
IBTimes UK takes a look at and who some of them are and where they have ended up.
