NYC Mayor-elect Eric Adams considers Goldman Sachs CFO for a key economic role in his administration

[Polybius]

New York City Mayor-elect Eric Adams is considering a Goldman Sachs executive for a role in his administration, according to people familiar with the matter.

Adams and his allies have been discussing the idea of giving Stephen Scherr, Goldman’s chief financial officer, a leadership position in the new administration, these people said. These people declined to be named in order to discuss ongoing private conversations.

Scherr, who is set to retire from New York-based Goldman at the end of the year, is a co-chair of Adams’ transition team. He could be in line to be deputy mayor for housing and economic development, or could end up leading the New York City Economic Development Corp., or NYCEDC, the people said.

Adams has not publicly said who he will end up choosing for those roles. It’s likely he will make the decisions closer to his swearing-in date, Jan. 1. He has been moving ahead with planning for other important positions, such as asking New York Rep. Tom Suozzi, D-N.Y. to be a deputy mayor and noting that he’s close to deciding the next police commissioner.

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[comradebillyboy]

1. NY Mayor hires competent professionals to staff

his administration. Good work Mayor Adams.

[OnDoutside]

7. The look is terrible though ?

[comradebillyboy]

8. I don't think so. Do Democrats really need to blacklist

everybody who has been successful in the private sector?

[OnDoutside]

15. Excluding those who are morally bereft would be a start. Sure they're

successful, if you have money uber alles, as your totem.

[Renew Deal]

9. You would take a job at Goldman-Sachs if you could.

[OnDoutside]

13. Actually I wouldn't, but that's just me I guess.

[msongs]

2. maybe the police union president should be pd commissioner

[RANDYWILDMAN]

3. Sorry NO, the Goldman people are not looking out for everybody

They look out for the rich and connected period. freaking pass

[Zeitghost]

12. They look after the rich and connected

Because they are paid by the rich and connected to look after them.

If the city of NY pays them, they will look after the city's interests.

[Sanity Claws]

4. Same as it ever was

[WhiskeyGrinder]

5. lol

[jalan48]

6. I understand Goldman Sachs pays really well for "speeches" by ex politicians.

[comradebillyboy]

11. Still holding a grudge against Hillary Clinton?

[brooklynite]

10. If it makes you feel better, NYC has a separately elected city comptroller...:

Last edited Tue Nov 23, 2021, 05:56 PM - Edit history (1)

…who’s top campaign message was “defund the police”.

https://council.nyc.gov/brad-lander/category/criminal-justice/

[electric_blue68]

14. That's looking positive. Wasn't paying full attention at the time

[Polybius]

16. How is that positive?

It's an extremist position for anyone to take.

[electric_blue68]

17. Oh, I wasn't specific enough. I meant that we have a separate...

Comptroller..

I understand the impulse for "defund the police". It's a cry of pain from so much abuse down through decades, and decades. It was not the best slogan, though.

They do need heavy, serious reform - between
serious, rampant racism and misoginy, and more. A certain 🤔 imperiousness among too many.

[radius777]

18. Adams is a smart man

who knows that you need people who understand the system to reform the system.

Just because someone works for a big corp does not make them bad; Warren Buffett and Bill Gates agree with much of what Elizabeth Warren does.