Cohn left with $100m+ to take his place as President Trump’s new chief economic adviser.
Editor’s Remarks: Stepping down as President and COO of Goldman Sachs, he took the more-than-firm golden handshake from his employer of 25 years in order to take a seat in Trump’s cabinet. $65m of sum came as standard payout procedures for giving long-term bonuses owed to departing high-ups, whilst the rest consisted of future share dividends and locked-up stock brought forward in order to pay Cohn his dues whilst complying with rules on corporate interests. With new Secretary of State Rex Tillerson set to receive a $180m payout for ceding his position as CEO of ExxonMobil, Team Trump’s net worth looks set to soar to even more astronomical heights.
What to watch: Gary Cohn, Rex Tillerson, Senate Confirmation Hearings