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Big changes coming?
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Goldman-Sachs will be installing
a former undocumented immigrant as replacement
for powerhouse CEO Lloyd Blankfein.
Diego Sandoval, only 25 years old, but owner of 5 PHD degrees from Stanford and Berkeley, and possessor of a reported IQ of 212, will begin his duties on next September 1st after Blankfein cleans out his desk and departs to spend more time with his family. Blankfein hopes to also, in his words,
"do some big-game hunting of endangered animals
in Africa and Asia,
especially Rhinos and Tigers, if I have my druthers".
STEPPING DOWN
Lloyd Blankfein, CEO of Goldman-Sachs since 2006, made a reported
salary of about $30-million per year, plus bonuses. His estimated worth is
in the vicinity of $1-billion.
Diego Sandoval, former undocumented immigrant, has been
labelled a "mega-genius" by scholars, and possesses 5 PHD's----
In Business, International Investment Law, Physics, Statistics
and Aztec Studies.
Goldman-Sachs officials insist they have taken care of all
arrangements regarding his work and residency status in the US, and
that his papers are now complete, pending his eventual citizenship.
as undocumented immigrants over 20 years ago. Reportedly,
they had to crawl through a 500-yard sewer tunnel filled with rats
to cross the border into Texas.
Blankfein and other mega-bank CEOs
testify, and obfuscate with great finesse, before congress,
after they crashed the economy, with complete impunity, in 2008.
Can Sandoval fit this demanding mold?
One of Diego's hobbies is scaling high mountain peaks.
Here he is on the trail to the summit of Mt. Rainier in Washington,
a trek he took to celebrate his 3rd PHD several years ago.
He has achieved 2 more PHDs since.
One could say there is "bad" news and "good" news for Diego regarding Sandoval's new job at Goldman-Sachs.
The "bad" news is he will be paid just $12.67 per hour----The lowest pay of any CEO in America, and perhaps the world. The "good" news-----He will be working 80+ hours per week, so those dollars should really add up. He will also enjoy full medical benefits, except for dental.
with his mother, who was fiercely devoted to her
son's education. Even by this early time, Diego
was already considered the top student in his school,
and was able to skip several grades. His teachers reportedly
"were in awe of him" and considered it an honor to have
had him as a student.
Diego Sandoval, with one of his myriad
academic honor awards.
"They ran out of awards to give him", said
one of his professors.
Goldman-Sachs Building in Jersey City, NJ.
Says Blankfein, whose efforts were key in selecting Sandoval to replace him:
"US Business has been boosting its profits using
immigrant labor for decades now. We've previously used it on the lower levels of labor.
But now, with Diego, we'll be employing cheaper labor at the CEO level, in order to
save some pretty big money. And believe me, this young man has
what it takes to deliver the goods.
It's a no-brainer, when you think about it.
Immigrants really are the future,
at least until we have robots who can do the job."
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