Goldman Sachs CEO: Trump Not a Dangerous President [View all]

Goldman Sachs CEO: Trump Not a Dangerous President

Contrary to fears in Europe, Donald Trump will not be a “dangerous” U.S. president, said Lloyd Blankfein, the president and chief executive of America’s second-largest investment bank, Goldman Sachs, in an exclusive interview with Handelsblatt.

Asked whether Mr. Trump, who has proposed building a wall along the Mexican border and stopping the flow of Muslims into the United States, would be “dangerous,” the 62-year-old Mr. Blankfein sounded confident that Mr. Trump, despite his rhetoric, will be a pragmatic leader.

“I don’t think so,” Mr. Blankfein, who supported Democratic presidential candidate Hillary Clinton, said in an interview earlier this month at the Hotel Adlon in Berlin. “He’s a very smart guy, a businessman…I am not pessimistic at all because he won.”

As an investment bank, Goldman Sachs is in the risk-management business, Mr. Blankfein said, and Ms. Clinton, a known quantity, was a more easy choice for financiers like him. But “Mr. Trump may turn out to be a much better president than anyone else might have been in that place,’’ he added. “He’s just less of a known quantity as a politician.”


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