Why Goldman Sachs alums go into government

Regarding Gary Cohn, who recently quit the Trump administration, someone should constantly point out that one of the main reasons that many of these Goldman Sachs alumni do a brief stint in government after they retire from Goldman is that they are allowed to sell all their very concentrated positions in that company’s stock and do an asset allocation tax-free.
There’s no need to pay capital gains taxes, saving approximately $150 million in Mr. Cohn’s case.

Well isn't that a neat little loophole!

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