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José Manuel Barroso, joins Goldman Sachs

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José Manuel Barroso, joins Goldman Sachs

Post  Max on Fri Jul 08, 2016 9:53 pm



http://algarvedailynews.com/news/9324-former-maoist-jose-manuel-barroso-joins-goldman-sachs


Former Maoist, José Manuel Barroso, joins Goldman Sachs

Created: 08 July 2016


Goldman Sachs has hired the former Prime Minister of Portugal José Manuel Barroso to be an advisor and non-executive chairman of its international business.

The former Maoist will help Goldman Sachs as it deals with the fallout from Britain's exit from the European Union and looks at more ways to justify its sobriquet ‘the great vampire squid.’

Barroso latterly of course was the president of the European Commission for two terms between 2004 and 2014. He was prime minister of Portugal from 2002 to 2004.

Reuters reports that Goldman Sachs and other U.S. investment banks are seen as particularly vulnerable to Brexit “since they rely on the EU's ‘passporting’ regime that allows them to offer services across the bloc while basing most of their staff and operations in the UK.”

All have warned that if their British subsidiaries lose these "passports" decisions already have been made in principle to move some employees and business units to alternative european locations.

Barroso will chair Goldman Sachs International which is based in London with around 5,000 staff all of which may be redeployed of paid off. He will help Goldman Sachs as it advises clients on dealing with a "challenging and uncertain economic and market environment."

A Maoist in his youth, Barroso's conversion to capitalism finally can be confirmed as complete.



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Re: José Manuel Barroso, joins Goldman Sachs

Post  bb1 on Fri Jul 08, 2016 9:58 pm

A Maoist in his youth, Barroso's conversion to capitalism finally can be confirmed as complete.

Oh, one form of world domination is as good as another to the elites, Max. Did you ever see a communist head of state that didn't live in luxury?

Or look closer to home at the socialist Blairs, Kinnocks, etc......

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Re: José Manuel Barroso, joins Goldman Sachs

Post  bb1 on Wed Jul 13, 2016 10:32 am

http://www.euractiv.com/section/public-affairs/opinion/how-to-prevent-barroso-from-becoming-yet-another-lobbyist/

Contrary to the salvific rhetoric embraced by the Juncker Commission there are legal obligations preventing José Manuel Barroso from taking up his job as non-executive chairman of Goldman Sachs, write Alberto Alemanno and Benjamin Bodson.

Alberto Alemanno is Jean Monnet professsor of EU law at HEC Paris and co-founder of The Good Lobby. Benjamin Bodson is research assistant at HEC Paris and fellow at the Good Lobby.

In post-Brexit Europe many people might lose their job, but in the meantime someone got a new one.

Former Commission President, José Manuel Barroso, is about to take on new responsibilities as non-executive chairman of Goldman Sachs International. He was hired to advise the investment bank on how to react to and manage the Brexit shock.

Yes, you got it right: the former President of the EU executive is set to become the lobbyist-in-chief for the very same bank that first helped Greece to get into the eurozone and then speculated on the country’s successive misadventures.
.......full story at link.

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