Goldman’s Cohn Unlocks More Than $284 Million by Joining Trump
- Bank speeds delivery of compensation awards to ex-president
- Gary Cohn also was paid $20 million for his work in 2016
Goldman’s Cohn Unlocks More Than $284M With Jump to Trump
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Gary Cohn’s jump from Goldman Sachs Group Inc. to Donald Trump’s administration is helping him unlock more than $284 million in pent up bonuses, stock holdings and other investments through the Wall Street bank.
To help Cohn avoid conflicts of interest as Trump’s top economic adviser, the bank is letting its former president immediately collect about $65 million in cash and stock tied to its future performance. That’s on top of roughly $220 million of Goldman equity he already held or was awaiting, as well as stakes in company-run investment funds, according to regulatory filings Tuesday. He must liquidate the holdings to take his new post.