Stephen Labaton–who took a buyout from The Times in November, after nearly two decades with the paper–is headed to Goldman Sachs as a “full-time consultant on regulatory and legal issues,” reports Politico.
Mr. Labaton’s departure was part of a minor exodus from the D.C. bureau that started even before the buyouts. Mr. Labaton covered the capital’s response to the financial crisis and should help the company navigate the minefield down in D.C., though the company insists he won’t be lobbying.
Mr. Labaton is trodding a path to Wall Street that is–if not quite well-worn–at least a little less maverick than when then-Timesman Steve Rattner bolted for Morgan Stanley in the mid-1980s.
