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

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Eric Lieberman Deputy Editor
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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.

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.

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.

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