Goldman’s President Gary Cohn Said To Be Considering Departing Firm

Just a day after Goldman COO Gary Cohn unexpectedly met with Donald Trump, he is now said to be “weighing a future outside the firm” the WSJ reports. According to Dow Jones, the bank’s “Number 2”, who met with Trump on Tursday, has had conversations in recent months about leaving the bank.
As reported yesterday, Cohn, who has been CEO Blankfein’s top deputy for a decade, met with Donald Trump Tuesday. It isn’t clear whether the president-elect is considering Mr. Cohn for a position; Politico reported Wednesday that Mr. Cohn could be a contender to head the Office of Management and Budget. A possible position in the Trump administration comes at a time when Mr. Cohn’s role at Goldman has already been in question. The 56-year-old president and chief operating officer has had conversations in recent months about leaving the bank, according to people familiar with the matter.
As second-in-command, Mr. Cohn oversees Goldman’s daily operations. He joined Goldman in 1990 and became a partner in 1994 – a class that also included Mr. Trump’s nominee for Treasury Secretary, Steven Mnuchin.
Mr. Cohn’s background reflects the sort of Midwestern voters who helped power Mr. Trump to a surprise victory. Born in Ohio the son of an electrician, Mr. Cohn’s first job was selling window frames and aluminum siding in Cleveland, and he later sold silver on Wall Street.

This post was published at Zero Hedge on Nov 30, 2016.