Trump Economic Adviser Gary Cohn Gets $100M Golden Handshake From Goldman Sachs
Image by Getty Images
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
The Forward is free to read, but it isn’t free to produce
I hope you appreciated this article. Before you go, I’d like to ask you to please support the Forward.
Now more than ever, American Jews need independent news they can trust, with reporting driven by truth, not ideology. We serve you, not any ideological agenda.
At a time when other newsrooms are closing or cutting back, the Forward has removed its paywall and invested additional resources to report on the ground from Israel and around the U.S. on the impact of the war, rising antisemitism and polarized discourse.
This is a great time to support independent Jewish journalism you rely on. Make a Passover gift today!
— Rachel Fishman Feddersen, Publisher and CEO
Dive In
-
Fast Forward Brooklyn event with Itamar Ben-Gvir cancelled days before Israeli far-right minister’s US trip
-
Fast Forward Marco Rubio sits down with Michael Benz, Jewish former Trump official with an antisemitic online persona
-
Fast Forward Eyeing a new opportunity, Jewish settlers are positioning themselves on the Gaza border
-
Fast Forward Who killed Jesus? It wasn’t the Jews, writes a scholar of Roman law.
Most Popular
- 1
News Student protesters being deported are not ‘martyrs and heroes,’ says former antisemitism envoy
- 2
News Who is Alan Garber, the Jewish Harvard president who stood up to Trump over antisemitism?
- 3
Politics Meet America’s potential first Jewish second family: Josh Shapiro, Lori, and their 4 kids
- 4
Fast Forward Suspected arsonist intended to beat Gov. Josh Shapiro with a sledgehammer, investigators say
In Case You Missed It
-
Opinion Why can Harvard stand up to Trump? Because it didn’t give in to pro-Palestinian student protests
-
Culture How an Israeli dance company shaped a Catholic school boy’s life
-
Fast Forward Brooklyn event with Itamar Ben-Gvir cancelled days before Israeli far-right minister’s US trip
-
Culture How Abraham Lincoln in a kippah wound up making a $250,000 deal on ‘Shark Tank’
-
Shop the Forward Store
100% of profits support our journalism
Republish This Story
Please read before republishing
We’re happy to make this story available to republish for free, unless it originated with JTA, Haaretz or another publication (as indicated on the article) and as long as you follow our guidelines.
You must comply with the following:
- Credit the Forward
- Retain our pixel
- Preserve our canonical link in Google search
- Add a noindex tag in Google search
See our full guidelines for more information, and this guide for detail about canonical URLs.
To republish, copy the HTML by clicking on the yellow button to the right; it includes our tracking pixel, all paragraph styles and hyperlinks, the author byline and credit to the Forward. It does not include images; to avoid copyright violations, you must add them manually, following our guidelines. Please email us at [email protected], subject line “republish,” with any questions or to let us know what stories you’re picking up.