World Economic Forum (WEF)

Gary Cohn jokingly offered Trump to the Brits in Davos

Illustration: Lazaro Gamio/Axios

On Wednesday night, top Goldman Sachs executives gathered business and political leaders for their big client dinner at the Central Sporthotel in Davos, Switzerland.

What happened: Gary Cohn, the former Goldman Sachs president and former top White House economic adviser, addressed the group, telling them that globalization had caused "a lot of tension in the world." According to two sources in the room, Cohn turned to the United Kingdom's Chancellor of the Exchequer Philip Hammond and made a tongue-in-cheek offer.

Billionaires start to lose their luster

Illustration: Sarah Grillo/Axios

The largest gathering of billionaires in the world took place last week in the not-particularly-luxurious Alpine resort of Davos, Switzerland.

What happened: Axios' Steve LeVine reports the plutocrats were told by their host, World Economic Forum chief Klaus Schwab, that they must make dramatic changes to the very system that made them dynastically wealthy. Turkeys don't generally vote for Thanksgiving, and, in Davos, billionaires like Michael Dell laughed at the idea that they should pay significantly higher taxes.

More stories loading.