Arthur is often trotted out as an independent analyst and pundit on financial news programs. His name has been floated for some of the top regulatory jobs in the Obama Administration.
Goldman does not require advice from Arthur Levitt. People like Art and Larry Summers are hired for their connections, insider knowledge, and for future services to be rendered. In this case Arthur will be offering to help to shape the evolving regulatory structure as it is 'reformed.'
Arthur Levitt to Serve as Advisor to Goldman Sachs
NEW YORK -- (Business Wire) --
The Goldman Sachs Group, Inc. (NYSE: GS) today announced that Arthur Levitt has agreed to serve as an advisor to Goldman Sachs. In this capacity, he will provide strategic advice to the firm on a range of matters, including those related to public policy.
“ArthurÂ’s experience and deep knowledge of our industry will be of tremendous value to our firm,” said Lloyd C. Blankfein, Chairman and Chief Executive Officer of The Goldman Sachs Group, Inc. “We look forward to having the benefit of his insight on a range of issues relating to the firm and financial services in general.”
Mr. Levitt was the 25th Chairman of the U.S. Securities and Exchange Commission and its longest serving Chairman. He began in this role in July 1993 and left the Commission in February 2001.
Before joining the SEC, Mr. Levitt owned Roll Call, a Washington D.C.-based newspaper that focuses on the US government. He also served as the Chairman of the New York City Economic Development Corporation, Chairman of the American Stock Exchange and President of Shearson Hayden Stone. He is presently a Senior Advisor to The Carlyle Group, Promontory Financial Group, Getco and serves on the board of Bloomberg LP...
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Behind the concrete, the visible events, behind all the objective, logical considerations, we find the struggle against evil, against the servants of the antichrist. Everywhere and always demonic powers lurk in the dark, waiting for the moment when man is weak. When he yields to the forces of evil, he separates himself from the power of a higher order; after taking the first step, he is driven on and on to the next and to the next, at a furiously accelerating rate.
Die Weiße Rose, 1942