Business: Treasury's Wunderkind

In the past few months, Gerald Parsky, 32, seems to have emerged out of nowhere to become one of official Washington's brightest new Wunderkinder—and the youngest Assistant Secretary of the Treasury ever. Parsky serves Treasury Secretary William Simon as confidant, emissary and all-round Mr. Fixit. He sees Simon a dozen times daily and often closes his 14-hour workday chatting with his chief over soggy pizza and a couple of fingers of Scotch. With his wife and two children, Parsky sometimes spends Sunday, his only day off, at the Simon estate in Virginia....

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