Heidi Cruz Returns to Goldman Sachs in New Role in Houston
BLOOMBERG
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She’ll focus on helping win new clients, according to memo
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Took leave last year to join campaign trail with husband
Heidi Cruz, who left Goldman Sachs Group Inc. last year to help her husband Ted Cruz in his quest for the Republican presidential nomination, is returning to the bank in a newly created role in the Houston office.
Cruz, 44, will concentrate on helping to win new clients, focusing on strategic relationships, according to a memo to staff Friday from Tucker York, global head of private-wealth management for the New York-based firm. She’ll report to David Fox, head of the southwest region for the wealth business.
“We are pleased to welcome Heidi Cruz back to the firm,” York wrote in the memo.
Cruz, a managing director, was head of the Houston office last year when she took unpaid leave to help with her husband’s ultimately unsuccessful campaign. A Harvard Business School graduate who worked in President George W. Bush’s administration, she joined the firm in 2005 and was promoted to managing director, the company’s second-highest rank, in 2012.
Ted Cruz, a freshman Republican senator from Texas, suspended his presidential campaign in May after a contest with Donald Trump that had become increasingly bitter, with Trump at one point tweeting an unflattering photo of Heidi Cruz.
Ted Cruz drew boos at the Republican National Convention in July, when he stopped short of endorsing Trump. Security officers escorted Heidi Cruz out of the arena after the speech as at least one Trump supporter shouted “Goldman Sachs” at her, CNN reported.
In a reversal on Friday, Ted Cruz was poised to endorse Trump, according to a person briefed on the matter.
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Ted Cruz endorses Donald Trump
CNN
Washington (CNN)Ted Cruz endorsed Donald Trump for the presidency Friday afternoon, a stunning turn of events after a contentious primary filled with nasty personal attacks and a dramatic snub at the Republican National Convention.
“After many months of careful consideration, of prayer and searching my own conscience, I have decided that on Election Day, I will vote for the Republican nominee, Donald Trump,” Cruz wrote in a Facebook post. “A year ago, I pledged to endorse the Republican nominee, and I am honoring that commitment. And if you don’t want to see a Hillary Clinton presidency, I encourage you to vote for him.”
The move — three days before Trump’s critical first debate with Clinton — comes as the Trump and Cruz camps have moved closer in recent weeks.
Trump’s vice presidential nominee Mike Pence played a key role in bringing Cruz into the fold. Pence and Cruz traded multiple messages, then spoke at length once on the phone and again in person, when Pence visited Capitol Hill a few weeks ago, a source close to Pence said.
Trump has hired key Cruz allies such as Kellyanne Conway as his campaign manager, and Jason Miller as a spokesman.
Wednesday, Trump’s campaign expressed support for a Cruz-backed, Internet-related proposal in government funding talks in the Senate.
Friday, Trump released a new list of conservative judges likely to appeal to the former Supreme Court clerk — including perhaps Cruz’s closest friend in Congress, Utah Sen. Mike Lee.
A Cruz endorsement could be the last pillar to helping Trump shore up the support of conservatives who have remained reticent about supporting his campaign.
Trump has already gotten most Republicans and conservatives on board with his campaign — largely by reassuring them on the Supreme Court and on issues like the Second Amendment and abortion. But Cruz’s principled opposition to offering his support has given some conservatives high-profile cover.
Just as Cruz’s refusal to endorse Trump at the RNC fueled Democrats’ efforts to paint Trump as divisive even within his own party, Cruz’s endorsement will help undermine that narrative — suggesting to conservatives unsure about Trump that perhaps the brash billionaire has changed, and can be trusted to bring conservative change to Washington.
‘Lyin’ Ted’ and ‘utterly amoral’
The move marks a dramatic turnaround from the personal insults Cruz and Trump traded during the previous year.
The two men clashed repeatedly during the primaries, as Trump taunted the senator with the nickname “Lyin’ Ted,” suggested Cruz wasn’t eligible to be president due to his Canadian birthplace, and even speculated that Cruz’s father was involved in the JFK assassination. Trump also said Cruz should “be careful” or he would “spill the beans on your wife,” and retweeted an unflattering picture of Heidi Cruz. Those tweets have not been deleted from Trump’s account.
On his last day of the GOP campaign — the Indiana primary in early May — Cruz let loose against Trump, calling the businessman a “serial philanderer,” “utterly amoral,” and “a narcissist at a level I don’t think this country’s ever seen.
At the RNC in Cleveland, Cruz gave a memorable speech espousing conservative values but ended without endorsing Trump, as Trump allies booed from the convention floor. “Don’t stay home in November,” Cruz said. “Stand and speak and vote your conscience.”
The next day, he defended the move by citing Trump’s attacks against his family.
“I’m not in the habit of supporting people who attack my wife and attack my father,” Cruz told members of the Texas delegation. “That pledge was not a blanket commitment that if you go and slander and attack Heidi that I’m going to nonetheless come as a servile puppy dog and say, ‘Thank you very much for maligning my wife and maligning my father.'”
Facing Senate primary in 2018?
Cruz’s move may also be politically expedient. He faces a possible 2018 Senate primary challenge from Texas Rep. Michael McCaul, the chairman of the House Homeland Security Committee, who has increasingly made an issue of Cruz’s failure to endorse Trump.
And Republican National Committee Chairman Reince Priebus has said Republicans who don’t back Trump could pay a price down the road.
Radio host Steve Deace tweeted his disappointment, calling the move a mistake and speculating that Cruz backers may not all follow the senator.
“I think it’s the worst political miscalculation of my lifetime. I hope I am wrong. The people will decide that,” Deace tweeted.
6) But again, I think it's the worst political miscalculation of my lifetime. I hope I am wrong. The people will decide that.
— Steve Deace (@SteveDeaceShow) September 23, 2016
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