finalternatives.com
May 31, 2012
Jim Donovan, a managing director at Goldman Sachs, is not only a close business associate of the presumptive Republican nominee for President; he is also Mitt Romney’s good friend and trusted advisor.
Donovan, an investment banker, has handled Romney’s relationship with Goldman for years. It has been a lucrative one for both sides: Romney and his wife, Ann, have entrusted much of their estimated $250 million fortune to Goldman. And it is no secret that Goldman has advised private equity giant Bain Capital—where Romney was an executive—on many of its transactions.
The relationship is so close that it even merited extensive unpacking in a January New York Times article.
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