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Donald Trump & Co.

Goldman Sachs CEO Blankfein Opposes Trump Travel Ban

January 30, 2017

[Photo:  by Paul Elledge, Wikimedia Commons]

 

In opposition to Donald Trump’s executive order imposing new travel restrictions, Goldman Sachs CEO Lloyd Blankfein delivered the following company-wide voicemail Sunday night: 

 

This is not a policy we support, and I would note that it has already been challenged in federal court, and some of the order has been enjoined at least temporarily.”

 

“For us to be successful, our men and women must reflect the diversity of the communities and cultures in which we operate. We must attract, retain and motivate people from many backgrounds and perspectives.”

 

Blankfein is the first Wall Street CEO to personally weigh in on the travel restrictions and he expressed concern that the travel restrictions could impact Goldman Sachs’ business.

 

While Silicon Valley leaders and the technology community voice serious concern about the travel restrictions over the weekend, CEOs of the nation’s leading banks, hedge funds and PE firms were nowhere to be seen. To the extent they made commented on the travel restrictions, Wall Street firms issued carefully worded statements that did not support or oppose the immigration policy. The operating committee of JPMorgan Chase, which includes CEO Jamie Dimon, did issue a statement that said the nation’s economy and well being are “strengthened by the rich diversity of the world around us,” but went no further.