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John Kasich’s Lehman Days Create Rorshach Test for Viewing His Career

The Ohio governor faced learning a curve at the Wall Street firm.
Ohio Gov. John Kasich speaks at the First in the Nation Republican Leadership Summit April 18, 2015 in Nashua, New Hampshire.

Ohio Gov. John Kasich speaks at the First in the Nation Republican Leadership Summit April 18, 2015 in Nashua, New Hampshire.

Photo by Darren McCollester/Getty Images

John Kasich knew “close to zero” about investment banking in 2001 when Lehman Brothers Holdings Inc. hired him after serving 18 years in Congress, and it was Gary Weinstein’s job to teach him.

Weinstein created a presentation with the basics for Kasich to study as he prepared for his general securities representative exam. Kasich worked hard as a managing director, and by the time he left in 2008 after the firm’s bankruptcy that ushered in the recession, he was a veteran of initial public offerings and other deals.