Friday, August 25, 2017

Is Gary Cohn's Job in Danger?

Ex-Goldman Sachs executive and Trump economic adviser Gary Cohn has spoken out against Trump's response to Charlottesville.  But I don't think he has to worry about job security.
Mr. Cohn, who is Jewish, seriously considered resigning and even drafted a letter of resignation, according to two people familiar with the draft.

[...]

He met with Mr. Trump privately at the president’s golf club in New Jersey last Friday, scrapping his plans to spend the evening at his second home in the Hamptons.

[...]

The markets were spooked last week amid fears that Mr. Cohn would resign, and United States stocks dropped until the White House denied the rumor.

[...]

Mr. Trump said there were “very fine people on both sides,” as Mr. Cohn stood nearby in the lobby of Trump Tower where the president made his remarks to reporters. After Mr. Trump left, Mr. Cohn stood uncomfortably fielding questions about the president’s statements, and he repeatedly declined to comment. At the time, people close to Mr. Cohn said he was disgusted and deeply upset by Mr. Trump’s comments.

On Thursday, Mr. Cohn spoke publicly for the first time about the issue in the Financial Times interview, which largely focused on tax reform.

>“Citizens standing up for equality and freedom can never be equated with white supremacists, neo-Nazis, and the K.K.K.,” Mr. Cohn said.

[...]

In the days after the Charlottesville violence, Mr. Cohn’s family — including his wife — told him he needed to think seriously about departing, according to two people briefed on the discussions. Several of his friends in the business community also urged him to step away from the administration.

[...]

“As a Jewish American, I will not allow neo-Nazis ranting ‘Jews will not replace us’ to cause this Jew to leave his job.”

  NYT
Nice excuse for not quitting.
Mr. Cohn’s decision to publicly distance himself from the president comes at an awkward time, as Mr. Trump prepares next week to start a major national effort to sell a tax-cut plan, which Mr. Cohn has been toiling for months behind the scenes to craft.

[...]

Mr. Cohn is known to be interested in becoming chairman of the Federal Reserve, and still sees that as a possibility. It was not clear whether he told the president he planned to speak to the Financial Times.
Do you suppose that was his ultimatum for staying on (and preventing the stock market from taking a dive, robbing Trump of that brag) when he talked privately with Trump instead of going to his second home in the Hamptons?

...but hey, do what you want...you will anyway.

No comments: