It's almost too good to be true. But it is true. Goldman Sachs chief executive Lloyd Blankfein lives in the same building at Merrill Lynch's ousted chief, Stan O'Neal, according to some at New York magazine who reads DealBook. The address: 941 Park Avenue, on 81st street.
Thanks to a reader, we were reminded this morning of a story in Nassim Taleb's Fooled by Randomness about the hard working lawyer from Brooklyn. Although he's a success by almost any measure, he is the poorest member of his Park Avenue Co-Op, and feels lousy about himself. The anecdote is used to illustrate how happiness is not just attained through material success but is also based on relative comparison. Nassim's point is that over reaching in order to "keep up with the Jones" can lead to excessive risk taking for a trader.
Suddenly, Stan's obsession with Goldman's earnings is starting to make sense.
"Just imagine that psychological trauma!" our reader writes. "If only Stan had moved into Jimmy Cayne's building he would still be CEO of Merrill."
As Merrill Reels, Goldman Glitters [DealBook]
Hello, Blankfein [New York Magazine]
Posted by , Oct 31, 2007 10:41AM
30 pounds and Blankfein really does look like Newmann
Posted by WTF , Oct 31, 2007 10:48AM
Look at the yellow teeth on Blankfein in that picture...you figure for $60mil a year, the guy can afford a trip to the dentist....
Posted by austin powers , Oct 31, 2007 11:02AM
he looks like a normal sized, nice version of verne troyer ("mini me")
http://imagesource.allposters.com/images/pic/MMPH-E/253170~Verne-Troyer-Posters.jpg
Posted by Zippo , Oct 31, 2007 11:21AM
It flooded last year. There was a an article about it
Posted by Zippo , Oct 31, 2007 11:22AM
It flooded last year. There was a an article about it
Posted by , Oct 31, 2007 11:40AM
you can't play golf or see a dentist if you want to make money
Posted by The "Hey" Guy , Oct 31, 2007 11:58AM
Hey! Teeth are used on company time so they can be treated on company time.
Hey! Golf greens grow on company time, so they can be used on company time.
'Nuff said.
Posted by Anal_yst , Oct 31, 2007 1:04PM
Thought Blankfein was moving to 15 CPW with Loeb, etc?
Posted by just me , Oct 31, 2007 1:46PM
with all his dough and stature, you'd think he'd have a better address...why live above 79th if you don't have to?