Goldman Sachs President to become economic leader for Trump

President-elect Donald Trump gestures toward reporters as he arrives for a party at the home of Robert Mercer, one of his biggest campaign donors, Saturday, Dec. 3, 2016, in Head of the Harbor, N.Y. (AP Photo/Evan Vucci)

NEW YORK (AP) – President-elect Donald Trump is expected to pick Goldman Sachs President Gary Cohn for an influential White House economic post.

That’s according to two people informed of the decision.

The 56-year-old Cohn would lead the White House National Economic Council. The posting would require him to leave his $21 million a year job as president and chief operating officer at Goldman.

Trump repeatedly vilified the prestigious Wall Street bank on the campaign trail. Yet with the choice of Cohn, he’s now named three of its alumni to key positions in his upcoming administration.

The people informed of the decision spoke on condition of anonymity because they were not authorized to publicly discuss the expected move.

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