Tags: Blankfein | Goldman | White | House | Trump

Blankfein: Many Former Goldman Workers in White House Is 'Inconvenience'

(AP/Richard Drew)

Thursday, 11 May 2017 09:11 AM

Lloyd Blankfein, chairman and CEO of Goldman Sachs, said having so many of the firm's former bankers in the government "generates a lot of inconvenience."

I'm "a little apprehensive about it because for fear of how it might look," Lloyd Blankfein, chairman and CEO of Goldman Sachs, told CNBC.

The Wall Street giant's former president and chief operating officer Gary Cohn joined the Trump administration as head of the National Economic Council. Former Goldman employees also fill several other top government positions.

But now that Treasury Secretary Steven Mnuchin used to work at Goldman, "it creates issues for us that otherwise wouldn't be there," Blankfein said.

Still, Blankfein is proud that President Donald Trump chose so many former Goldman bankers for his administration despite criticizing the Wall Street firm during the campaign.

"My blink reaction is a sense of pride that again another person who wasn't necessarily friendly to our institution in his campaign recognized the talent of these people," Blankfein said.

(Newsmax wire services AP and Bloomberg contributed to this report).

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Lloyd Blankfein, chairman and CEO of Goldman Sachs, said having so many of the firm's former bankers in the government "generates a lot of inconvenience.
Blankfein, Goldman, White, House, Trump
172
2017-11-11
Thursday, 11 May 2017 09:11 AM
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