Friday, December 9, 2016

Trump Reportedly Offers Goldman Sachs President Key Economic Position

Evan Vucci / AP

President-elect Donald Trump has offered Goldman Sachs President and Chief Operating Officer Gary Cohn the position of National Economic Council Director, various news outlets reported, citing sources.

The selection makes Cohn the third veteran of the investment banking to become a top aide to Trump. Steve Mnuchin — Trump’s Secretary of the Treasury pick — and senior strategist Steve Bannon both worked there.

Trump spent a considerable portion of his campaign attacking Hillary Clinton for her Wall Street connections. In May, he tried to ease concerns about having hired Mnuchin, insisting that he was not selling out.

Cohn joined Goldman Sachs in 1990, and became a partner in 1994. His leadership roles within the company have ranged from Global Securities Businesses to Fixed Income, Currency and Commodities (FICC). Prior to that, he worked for London Metals Exchange.

A registered Democrat, Cohn has made sizable financial contributions to both parties over the years, according to Politico. Most recently, he has donated more to the Republican party.

Rumors that Trump had been considering Cohn for a leadership position began last month. Politico reported on Nov. 30 that the president-elect was thinking about offering him a spot as director of the Office of Management and Budget.

The two had met earlier that week, and reportedly talked about how to run the OBM, which would largely be responsible for Trump’s budget policy.

LINK: Here Are Donald Trump’s Cabinet Picks So Far




from BuzzFeed - USNews http://ift.tt/2hcsjsI

No comments:

Post a Comment