As you’ve likely heard, the GS co-prez is retiring. Thoughts on the matter, by Lloyd Blankfein:
After a distinguished 26-year career at the firm, Jon Winkelried, president and co-chief operating officer, has decided to retire from the firm at the end of March. I am pleased that we will be able to continue to draw on his experience as a senior director of the firm.
During his career, Jon has managed many of our most important businesses. He played a key role in establishing and building many of our global franchises. Along the way, he helped to develop the firm’s global strategy as an advisor, financier and co-investor and mentored many of Goldman Sachs’ leaders.
After graduating with an AB in Economics from the University of Chicago in 1981 and an MBA from the University of Chicago Graduate School of Business in 1982, Jon joined our Investment Banking Division in 1982. He worked as a summer associate in the Equities Division in 1981. In 1990, he became a partner, taking on various roles including responsibility for corporate new issues syndication and heading our credit business. In 1999, he moved to London to head the Fixed Income, Currency and Commodities Division in Europe and, in 2000, became global co-head of the division. In 2005, he became co-head of the Investment Banking Division. A year later, Jon was named president and co-chief operating officer of the firm. He was also the first chairman of our Business Practices Committee.
Jon looks forward to spending time with his family and meeting his commitments on various boards, including the University of Chicago and the Memorial Sloan-Kettering Cancer Center.
Goldman Sachs has benefitted from Jon’s extraordinary leadership over the years. We thank him for his exceptional contributions to the firm and look forward to continuing to receive his advice and counsel in his new role.
Please join me in wishing Jon, Abby and their family the very best for the future.
Lloyd C. Blankfein
Is there any way the whole firm can be made to fail? I’d support that with my lost tax dollars.
Yo! Maestro is flappin his gums and you folks don’t give coverage??? You guys are better than that…
Isn’t this the same cock-bag that was trying to sell his shit hole of a vacation home for 9 times what he bought it for?
@2- fuck off
“distinguished” as in one of the worst businessmen in the history of the solar system.
> After a distinguished 26-year career at the firm,
so long, winkeldink. i won’t miss your 3am blackberry messages or your homoerotic descriptions of your ski vacation
Too Winkel, Didn’t Reid.
Winkel is the quintessential dick. What a piece of shit for a human being. Google his latest speech at a college recruiting event….fucking asshole.
@4- Eat a fat stack of donkey dicks..BITCH!
Senior Director = Easy Paycheck
@12 link please
Bess – call it a night, put on the FMP’s and I can finger bang you over a glass of chardonney. Pick a place.
@7 – Too obvious to fail. Nice work.
Translated press release…
I want to get out of my GS stock positions without signaling mass panic. Enjoy the new, new economy while I sail off on my new yacht ‘No Clawbacks’
@8 can you link to speech
bess, take away the ability for people to sign in anonymously, and you wont have any more pencil-dicked 23 year old self-hating analysts, who’ve been bossed around by their 28 year old master of the universe but cant afford their own home associates –ie, @ 12 – writing their adolescent i’ve-never-actually-been-with-a-real-woman (who isnt my sister), wasting everyone’s time.
away from that, i do hear the winkelreid was a tool. amazingly, both the markets and society will probably not miss him
@17- what don’t you get about the internet? considering that people can sign in non-anonymously with a random email address and a login such as BSD4U, comments such as 12 will happen regardless of whether or not the guest function is removed.
@16- what’s wrong with sisters? You’re a sibling racist. Yea I called you racist, cracker eating muthertrucker. Imagine that, a correlation between blogging and wasting time; a bullish view.
Greatest website ever. Thank me later bitches.
http://teagames.com/
SPODE
Since Winkelreid’s stock vested, its price has decreased to about half; pity him for his income tax liability, as capital losses can’t be deducted from earned income.
@7: NIce.
The late night party is not complete without Phobos. Where you at fool?
SPODE
@8: Couldn’t find link to speech, anyone have the link?
Commerzbank (Germany’s 2nd largest bank) does not pay any bonuses to its employees…so far Coba is first investmentbank doing this!!
Sucks big time!!!
Nice payday for a loser…..you made a ton of cash by f-ing up GS….your peers are jealous of your pay package.
@19 – I believe he’ll be able to deduct $3,000 per year. So, he’s got that going for him.
This is interesting. First time someone gets out of a Ponzi scheme ahead of its collapse! We’ll have to follow this to see how it turns out.
C and BAC getting nationalized wiping out common, preffered and some of bonds.
The speech is on the Goldman websire under college recruiting. It is a webcast (minus his ugly mug).
This man, Winks, was the reason why I no longer have a job. He made out like a bandit and rode into the sunset, while I sit here trying to feed a 5 month old baby with the meager severnace that Goldman gave me. It is truly sad.
Winky is simply cashing out before the Matzoh hits the fan over there, the douche made one smart calculation
CNBC link about it:
http://www.youtube.com/watch?v=nMDO29rt1AM
@30 why do we give a fuck about cnbc’s story on it? since we already know? (and cnbc sucks)
Come on Chazza – get us the “real” insider story on this!!!!!!
how about his bro that use to work in munis?
Hey #32 – Gasbag has a pretty good story in today’s Beast about the “mid-life” crisis at GS. As inside as he’s ever going to get, that is.
Right was my post @19: Gasparino just reported “massive margin calls” of Goldman partners; next expect IRS confiscation of Goldman partners’ houses.
VzS5qz Wow, great post.Much thanks again. Awesome.