Goldman Sachs Chief Attacks Trump Immigration Pause

AP Photo/Mark Lennihan
AP Photo/Mark Lennihan

The head of Goldman Sachs is lashing out at President Trump’s immigration pause.

The story from Bloomberg Markets:

Goldman Sachs is pushing back against Government Sachs.

In a sharply worded message to staff, Lloyd Blankfein, the bank’s long-time head, broke with the Trump administration over its controversial attempt to crack down on immigration. The voicemail, sent Sunday to the firm’s 34,400 employees, pits Blankfein against an administration stocked with Goldman Sachs Group Inc. veterans, including his former No. 2, Gary Cohn, and key Trump adviser Steven Bannon.

Blankfein told employees that President Donald Trump’s executive order, parts of which were blocked by federal courts, is at odds with the firm’s long-held policies on workforce diversity and could disrupt Goldman Sachs’s business. “This is not a policy we support,” the chief executive officer said.

Read the rest of the story here.


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