Goldman Sachs’ top 1% employees can’t donate to Trump

Goldman Sachs is prohibiting its top officials from donating to the campaigns of state and local politicians.

The rule change also applies directly to presidential nominee Donald Trump and his running mate Mike Pence.

In an email sent September 1 to Goldman Sachs’ “partners,” its highest-ranking employees, the bank’s government compliance department forbade them from making donations to “any federal candidate who is a sitting state or local official.”

 The email also says that the rule applies to any “governor running for president or vice president, such as the Trump/Pence ticket.” Vice presidential candidate Mike Pence is the governor of Indiana. Donations to Trump and Pence’s PACs or Super PACs will also not be allowed.

However, the new guidelines don’t prohibit Goldman’s top brass from donating to Hillary Clinton and Tim Kaine. Kaine is a U.S. senator and Clinton doesn’t hold any current office.

 

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source: http://money.cnn.com/2016/09/06/investing/goldman-sachs-political-donations/index.html