Wilson’s Finance Director Quits
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SACRAMENTO — Thomas W. Hayes, Gov. Pete Wilson’s finance director, resigned Wednesday to become managing director of Metropolitan West Securities, a Los Angeles-based brokerage firm.
Hayes, who has also served as the Legislature’s auditor general and as state treasurer, has been the governor’s principal adviser on budget issues since just before Wilson took office in 1991.
A former Marine Corps officer, Hayes, 47, has been an adviser and consultant to several states and countries and will specialize in international investing at Metropolitan West.
He will be replaced as finance director by Russell S. Gould, 43, who has been Wilson’s health and welfare secretary. Gould was a deputy finance director under former Gov. George Deukmejian and worked under Hayes in the treasurer’s office. As health and welfare secretary, Gould was responsible for guiding the formation of Wilson’s policy of cutting welfare grants and making other changes aimed at trying to get more welfare recipients to find jobs.
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