New SEC COO Adam Storch
Adam Storch is the new COO that the SEC selected due to his experience as a Goldman Sachs executive. At the age of 29, I’m sure that he has tons of real-world experience to be a top rate government servant. He’s been touted as having “a great deal of background” in technology and managing processes.” He’s not particularly web-savvy given the screenshot for his support of Bill Clinton in 2008! I’m sure it was tongue-in-cheek, but that doesn’t help his credibility in my mind of having a lot of experience. It seems more in line with what a college student might have on their website.
Government never seems to desire older, more mature leaders. Perhaps it’s because I’m getting older and am in my mid-30’s that I don’t consider anyone in their 20’s as having sufficient real-life experience to do the job justice. I’m also worried about the amount of influence that Goldman Sachs executives have in the government right now. Goldman Sachs was a huge recipient of funds from the AIG bailout. The amount of taxpayer funds that have helped keep that industry afloat is not my favorite topic…it gives me a lot of heartburn. Those leaders that caused the problem are now promoted throughout the government. It sure looks like a case of favoritism and cronyism.
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