U.S. Treasury Secretary Jacob J. Lew met today with about 40 corporate and finance executives including Goldman Sachs Group Inc. Chief Executive Officer Lloyd Blankfein, Loews Corp. CEO James Tisch and Lazard Ltd. CEO Kenneth Jacobs to discuss the global economy, a person who attended the meeting said.
The executives discussed the U.S. and European economies, housing finance, tax reform and cybersecurity at the event in New York, the person said, asking not to be identified because the conversation was private. The meeting was hosted by the Partnership for New York City and Time Warner Inc. Chairman Jeffrey Bewkes.
President Barack Obama’s relationship with Wall Street has been rocky at times, with the president referring to “fat cat bankers” in 2009 and his campaign last year running ads attacking Republican nominee Mitt Romney’s record as co-founder and CEO of Bain Capital Partners LLC.
Lew met yesterday in New York with executives including JPMorgan Chase & Co. CEO Jamie Dimon, billionaire hedge-fund manager John Paulson, Blackstone Group LP CEO Stephen Schwarzman and CEO Leon Black of buyout firm Apollo Global Management LLC. Paulson also attended today’s meeting.
Others who participated in the discussion today include H. Rodgin Cohen, senior chairman of Sullivan & Cromwell LLP; Charles Kaye, co-president of Warburg Pincus LLC; Phil Kent, chairman of Turner Broadcasting System Inc.; and Jacques Brand, CEO for North America at Deutsche Bank AG.