Goldman Sachs President Gary Cohn is scheduled to meet with President-elect Donald Trump’s transition team this weekend amid growing speculation the longtime banker is seeking to leave Wall Street for a government job, according to people with knowledge of matter.
Bloomberg News reports that since his initial meeting with Trump on Tuesday, a swirl of reports has linked Cohn’s name to a variety of senior posts, though one person with direct knowledge of the situation said the executive isn’t likely to get a cabinet seat.
Possibilities include heading the Office of Management and Budget, or taking a position at the Treasury Department or Federal Reserve, another person with knowledge of the talks said. Fox Business Network’s Charles Gasparino added to the list of theories Thursday, saying Cohn could become energy secretary.
It’s also possible that Cohn, 56, won’t take any role, two people said. Members of Trump’s team are growing concerned that the administration is attracting too many Goldman Sachs alumni, contrary to the president-elect’s criticism of the firm on the campaign trail, they said.
Cohn’s departure from Goldman Sachs would create an opening atop one of Wall Street’s most powerful and prestigious banks, potentially elevating the next generation of its leadership.
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