Trump Economic Adviser Gary Cohn Gets $100M Golden Handshake From Goldman Sachs
Gary Cohn, President Donald Trump’s pick to lead the National Economic Council, will receive severance in excess of $100 million as he exits Goldman Sachs, the Wall Street firm where he was second in command.
The finance behemoth will give him $100 million, and will also permit him to cash in on $23 million of stock options. Cohn has to divest himself of Goldman holdings in order to comply with ethics requirements.
Trump’s stable of advisers will be stocked with Goldman Sachs execs, including Treasury Secretary nominee Steve Mnuchin and White House chief strategist Steve Bannon. Aside from that, he has chosen billionaires for other posts, among them Wilbur Ross for Commerce Secretary and Andy Puzder for Labor Secretary.
It’s a stark reversal for a candidate who ran on a promise to “drain the swamp” in Washington, which included running a divisive commercial that was seen as attacking the banking sector and rival Hillary Clinton in borderline anti-Semitic fashion.
Contact Daniel J. Solomon at [email protected] or on Twitter @DanielJSolomon
I hope you appreciated this article. Before you go, I’d like to ask you to please support the Forward’s award-winning journalism this Passover.
In this age of misinformation, our work is needed like never before. We report on the news that matters most to American Jews, driven by truth, not ideology.
At a time when newsrooms are closing or cutting back, the Forward has removed its paywall. That means for the first time in our 126-year history, Forward journalism is free to everyone, everywhere. With an ongoing war, rising antisemitism, and a flood of disinformation that may affect the upcoming election, we believe that free and open access to Jewish journalism is imperative.
Readers like you make it all possible. Right now, we’re in the middle of our Passover Pledge Drive and we still need 300 people to step up and make a gift to sustain our trustworthy, independent journalism.
Make a gift of any size and become a Forward member today. You’ll support our mission to tell the American Jewish story fully and fairly.
— Rachel Fishman Feddersen, Publisher and CEO
Join our mission to tell the Jewish story fully and fairly.
Only 300 more gifts needed by April 30