Goldman Sachs CEO Lloyd Blankfein dedicated a portion of his annual letter to defending his firm's tradition of sending alumni to government positions.
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Goldman Sachs' CEO just issued a defense of his firm's tradition of sending executives to government
"Gary was not the first person from Goldman Sachs to join the government, and we hope and expect that he will not be the last."
Blankfein with co-COOs David Solomon and Harvey Schwartz.
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"Gary was not the first person from Goldman Sachs to join the government, and we hope and expect that he will not be the last," Blankfein wrote of Gary Cohn, his former no. 2 executive who left in December to join President Trump's administration.
He said the kinds of people that Goldman recruits "develop the skills to make a contribution in large, complex organizations and the expertise to help drive economic progress and job creation."
Cohn is one of several former Goldman Sachs employees to have joined Trump's administration. Others are Treasury Secretary Steven Mnuchin; chief strategist
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