President of Goldman Sachs And Trump Teaming Up

President of Goldman Sachs And Trump Teaming Up


Goldman Sachs Group Inc. President and leader Gary Cohn will meet with Donald Trump in New York Tuesday as the president-elect and his group wrangle about a conceivable part for him in the organization.

(VP) Vice President Mike Pence will go along with them at Trump Tower in Manhattan. He didn’t give any sign about the plan for dialog or whether Cohn is in line for an executive position in the administration field.

Trump and his associates are as yet examining what part Cohn may play. Potential employments incorporate posts at the Treasury Department or Office of Management and Budget, said a man acquainted with move arranging, who talked on state of obscurity to examine inner consultations. Cohn likewise might be considered for the Federal Reserve.

An agent from Trump’s group called Cohn to come in for a meeting and the Goldman Sachs broker consented to take a seat with the president-elect, as per someone else who knew about the welcome. Cohn has known Trump’s child in-law, Jared Kushner, for some time and the two men talk now and again, the individual said, requesting obscurity to examine private talks.

Cohn joined Goldman Sachs over 25 years back and ascended through the positions of the effective altered salary, money and products unit nearby Chief Executive Officer Lloyd Blankfein. He was named co-president and co-head working officer in 2006, assuming control sole duty when Jon Winkelried left in 2009.

As president and COO, Cohn is a successive visitor at meetings and on TV, remarking on the worldwide economy, monetary markets and the condition of Wall Street. Goldman Sachs has gone under rehashed assault amid the U.S. presidential battle, and Trump circulated an advertisement toward the end of his run that demonstrated Blankfein’s face as the competitor said that a degenerate worldwide power machine was victimizing the U.S.

Cohn, an enlisted Democrat, has been a productive political contributor. He contributed more than $275,000 to Democrats, including gifts to Barack Obama and Hillary Clinton in their race for the Democratic presidential selection in 2008, as per Federal Election Commission records.

But at the same time he’s gave more than $225,000 to Republicans, with the greater part of the cash coming as of late. In 2015 he sent money to Kelly Ayotte’s Senate battle in New Hampshire and Tom Cotton’s in Arkansas. He gave to Marco Rubio’s battle for the Republican presidential designation however not Trump’s, records appear.

After a battle in which he discredited the impact of enormous banks and universal money related foundations, Trump has inclined vigorously on Wall Street administrators as he plans to take office. Boss strategist Stephen Bannon, battle fund executive Steven Mnuchin, who is said to be a contender for Treasury secretary, and move colleague Anthony Scaramucci are all Goldman Sachs graduated class.

TheĀ Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm. Here are some facts about the company provided by Quora. The average employee compensation (salary + bonus) was $399,506 in 2012. Revenue per employee was $1.29m in 2012. Their top energy analyst predicted that oil would surge to $200 a barrel in 2008. Lastly, Goldman only generates 14.4% of its revenue from investment banking.

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I cover technology, utilities and biotechnology for Markets Morning, and I help out occasionally with other industry sectors. I've written about investment and personal finance topics for more than 20 years from a lowly copywriter to editor-in-chief, so I've done a little bit of everything. For what it's worth, I have a BA from Duke University and an MBA from Rollins College. I'm married with one daughter, and that's worth more than everything else put together.