Tags: goldman | trump | cohn | transition

Goldman's Cohn Set to Meet With Trump Amid Transition Talks

Goldman's Cohn Set to Meet With Trump Amid Transition Talks

Goldman Sachs Group Inc. President Gary Cohn  (AP/Mark Lennihan)

Tuesday, 29 November 2016 02:46 PM EST

Goldman Sachs Group Inc. President Gary Cohn will meet with Donald Trump in New York Tuesday as the president-elect and his team debate a possible role for him in the administration.

Vice President-elect Mike Pence will join them at Trump Tower in Manhattan, transition spokesman Sean Spicer told reporters on a conference call. He did not give any indication about the agenda for discussion or whether Cohn is in line for an administration job.

Trump and his aides are still discussing what role Cohn might play. Potential jobs include posts at the Treasury Department or Office of Management and Budget, said a person familiar with transition planning, who spoke on condition of anonymity to discuss internal deliberations. Cohn also may be considered for the Federal Reserve, the person said.

A representative from Trump’s team called Cohn to come in for a meeting and the Goldman Sachs banker agreed to sit down with the president-elect, according to another person who had knowledge of the invitation. Cohn has known Trump’s son-in-law, Jared Kushner, for a while and the two men speak from time to time, the person said, asking for anonymity to discuss private talks.

Goldman Career

Cohn joined Goldman Sachs more than 25 years ago and rose through the ranks of the powerful fixed income, currency and commodities unit alongside Chief Executive Officer Lloyd Blankfein. He was named co-president and co-chief operating officer in 2006, taking over sole responsibility when Jon Winkelried left in 2009.

As president and COO, Cohn is a frequent guest at conferences and on television, commenting on the global economy, financial markets and the state of Wall Street. Goldman Sachs has come under repeated attack during the U.S. presidential campaign, and Trump aired an ad at the end of his run that showed Blankfein’s face as the candidate said that a corrupt global power machine was robbing the U.S.

Cohn, a registered Democrat, has been a prolific political donor. He contributed more than $275,000 to Democrats, including donations to Barack Obama and Hillary Clinton in their race for the Democratic presidential nomination in 2008, according to Federal Election Commission records. 

But he’s also donated more than $225,000 to Republicans, with most of the money coming in recent years. In 2015 he sent cash to Kelly Ayotte’s Senate campaign in New Hampshire and Tom Cotton’s in Arkansas. He donated to Marco Rubio’s campaign for the Republican presidential nomination but not Trump’s, records show.

After a campaign in which he decried the influence of big banks and international financial institutions, Trump has leaned heavily on Wall Street executives as he prepares to take office. Chief strategist Stephen Bannon, campaign finance chairman Steven Mnuchin, who is said to be a contender for Treasury secretary, and transition-team member Anthony Scaramucci are all Goldman Sachs alumni.

 

© Copyright 2025 Bloomberg News. All rights reserved.


StreetTalk
Goldman Sachs Group Inc. President Gary Cohn will meet with Donald Trump in New York Tuesday as the president-elect and his team debate a possible role for him in the administration.
goldman, trump, cohn, transition
464
2016-46-29
Tuesday, 29 November 2016 02:46 PM
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