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Admittedly, change can be difficult. Change can be frightening. But, we must be on guard against defending what once began as a “best practice,” but is now simply a shield for profitable vested interest.

Prepared Testimony of Mr. Henry M. Paulson
Chairman and CEO
Goldman Sachs & Company
  

February 29, 2000

13th Floor Conference Room - Securities and Exchange Commission Offices

7 World Trade Center, New York, NY