Goldman Sachs Exec Says Bank Was ‘Freaked Out’ Trump Would Squash Amazon/Whole Foods Deal

Gregg Lemkau, a top executive for Goldman Sachs, said Tuesday that the massive finance firm was very concerned President Donald Trump would nix the $13.7 billion acquisition deal between Amazon and Whole Foods.

“For four days we were freaked out,” Lemkau said during a Goldman Sachs tech conference, according to Business Insider. The investment banking giant helped facilitate Amazon’s purchase of the supermarket chain, and thus collected substantial fees following the official merger.

Trump has tweeted several times about Amazon and the amount of damage its purportedly done to hurt the U.S. government, like the United States Postal Service, as well as American enterprise in general.

Amazon is doing great damage to tax paying retailers. Towns, cities and states throughout the U.S. are being hurt – many jobs being lost!

— Donald J. Trump (@realDonaldTrump) August 16, 2017

Why is the United States Post Office, which is losing many billions of dollars a year, while charging Amazon and others so little to deliver their packages, making Amazon richer and the Post Office dumber and poorer? Should be charging MUCH MORE!

— Donald J. Trump (@realDonaldTrump) December 29, 2017

He also has virtually voiced his displeasure with Amazon founder Jeff Bezos and The Washington Post, another one of the world’s richest man’s holdings.

Is Fake News Washington Post being used as a lobbyist weapon against Congress to keep Politicians from looking into Amazon no-tax monopoly?

— Donald J. Trump (@realDonaldTrump) July 25, 2017

The #AmazonWashingtonPost, sometimes referred to as the guardian of Amazon not paying internet taxes (which they should) is FAKE NEWS!

— Donald J. Trump (@realDonaldTrump) June 28, 2017

The @washingtonpost, which loses a fortune, is owned by @JeffBezos for purposes of keeping taxes down at his no profit company, @amazon.

— Donald J. Trump (@realDonaldTrump) December 7, 2015

So Lemkau and Goldman Sach’s worries were not unfounded, and were perhaps especially reasonable since the Trump administration advocated against the AT&T and Time Warner merger around the same time.

Follow Eric on Twitter

Send tips to [email protected].

Freedom of Speech Isn’t Free
The Daily Caller News Foundation is working hard to balance out the biased American media. For as little as $3, you can help us. Make a one-time donation to support the quality, independent journalism of TheDCNF. We’re not dependent on commercial or political support and we do not accept any government funding.

Content created by The Daily Caller News Foundation is available without charge to any eligible news publisher that can provide a large audience. For licensing opportunities of our original content, please contact [email protected].

Show More

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *