The Wall Street Journal: Goldman’s No. 2, Gary Cohn, weighs future at investment-bank powerhouse

Gary Cohn’s visit to Trump Tower on Tuesday has rekindled questions about whether the longtime Goldman Sachs Group Inc. No. 2 has tired of life as an understudy.

Cohn, who has been Chief Executive Lloyd Blankfein’s top deputy for a decade, met with Donald Trump Tuesday. It isn’t clear whether the president-elect is considering Cohn for a position; Politico reported Wednesday that Cohn could be a contender to head the Office of Management and Budget.

A possible position in the Trump administration comes at a time when Cohn’s role at Goldman GS, +3.26%  has already been in question. The 56-year-old president and chief operating officer has had conversations in recent months about leaving the bank, according to people familiar with the matter.

His departure would scrap Goldman’s most-obvious succession plan, yet elevate a new crop of executives eyeing Blankfein’s job. It would also signal that Blankfein, who weathered the financial crisis, survived a bout with cancer and has settled into a role as a senior industry statesman, isn’t going anywhere.

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