Generally speaking, when people gather around to play a parlor game of guessing who will replace whom on Wall Street, they a) are discussing Chief Executive Officers and b) choosing one of several names for their pick of successor. Not today. Because today we speak of David Viniar, Goldman Sachs’ Chief Financial Officer since 1999. According to Bloomberg, DV “may not be replaceable,” period. Logic dictates that that should be the end of the discussion. In the event Viniar decides not to work for Goldman in perpetuity, however, contingency plans must be made. As such, a few names of potential successors have been thrown out (Controller and Chief Accounting Officer Sarah Smith, Treasurer Elizabeth “Liz” Beshel) and while they sound like okay candidates, are simply not enough. Because in this particular case, we need an army to replace one man.

The longest-serving chief financial officer of any major Wall Street firm may find his multiple roles distributed among two or even three deputies when he eventually steps down, according to two people with knowledge of the firm’s internal deliberations…Some executives at the firm are skeptical that any single successor would be as adept as Viniar in handling all those functions, the people familiar with the situation said.

Has the gravity of the situation not yet penetrated? Then let us lay some truth on your ass.

Investors are more concerned about Viniar’s eventual successor than they are about replacing Blankfein, 56, the chairman and chief executive officer since 2006, said Roger A. Freeman, an analyst at Barclays Capital…“David’s the brains behind the operation — the institutional knowledge that guy has is just unmatched,” said Roger A. Freeman, an analyst at Barclays Capital, who has a “neutral” rating on Goldman Sachs shares. “It’s difficult to imagine that there are many people that can juggle as many balls as he does seemingly effortlessly.”

That’s right, ladies. While Lloyd has been working us with that smile, it’s been Viniar who’s been working the command center. When he leaves, which he says he won’t “until a sense of calm has been restored in the operating environment,” Goldman is going to have to provide forty, possibly fifty people, working at together at full capacity, to maybe do the job of one Viniar.

Being Goldman Sachs’s Brains May Make Viniar Irreplaceable CFO [Bloomberg via BI]

75 comments (hidden to protect delicate sensibilities)
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Comments (75)

  1. Posted by ExtraOrdinaryPopularDelusions | July 8, 2011 at 5:29 PM

    If Viniar and Lloyd depart GS in 2012 I am heading straight for my bunker.

  2. Posted by ExtraOrdinaryPopularDelusions | July 8, 2011 at 5:29 PM

    If Viniar and Lloyd depart GS in 2012 I am heading straight for my bunker.

  3. Posted by Texashedge | July 8, 2011 at 5:38 PM

    Erin Callan is available

  4. Posted by Guest | July 8, 2011 at 5:39 PM

    I’ll be available soon.

    – A. Fastow

  5. Posted by Guest | July 8, 2011 at 5:39 PM

    I’ll be available soon.

    – A. Fastow

  6. Posted by Wahoo | July 8, 2011 at 5:40 PM

    I could probably penetrate the gravity of the situation

    – E. Spitzer

  7. Posted by ExtraOrdinaryPopularDelusions | July 8, 2011 at 5:43 PM

    I’ll make sure I leave the lights on for you.

    -Gartman

  8. Posted by ExtraOrdinaryPopularDelusions | July 8, 2011 at 5:43 PM

    I’ll make sure I leave the lights on for you.

    -Gartman

  9. Posted by Deliciousssss | July 8, 2011 at 5:52 PM

    I love being penetrated by gravity.

    -Physics pervert

  10. Posted by Guest | July 8, 2011 at 5:57 PM

    He looks like Sandra Bernhard.

  11. Posted by Guest | July 8, 2011 at 5:57 PM

    He looks like Sandra Bernhard.

  12. Posted by CoveredLong | July 8, 2011 at 5:58 PM

    Choot Em Liz!!

    -Troy Landry

  13. Posted by Asd | July 8, 2011 at 6:01 PM

    It’s difficult to imagine that there are many people that can juggle as many balls as he does

  14. Posted by Asd | July 8, 2011 at 6:01 PM

    It’s difficult to imagine that there are many people that can juggle as many balls as he does

  15. Posted by ExtraOrdinaryPopularDelusions | July 8, 2011 at 6:15 PM

    Not really.

    -SEC

  16. Posted by ExtraOrdinaryPopularDelusions | July 8, 2011 at 6:15 PM

    Not really.

    -SEC

  17. Posted by PMCOsucks | July 8, 2011 at 6:16 PM

    Replying to your own meme with another meme is NKI

  18. Posted by PMCOsucks | July 8, 2011 at 6:16 PM

    Replying to your own meme with another meme is NKI

  19. Posted by bead | July 8, 2011 at 6:19 PM

    i know his son just started as an analyst at gs. turn it into a family business?

  20. Posted by bead | July 8, 2011 at 6:19 PM

    i know his son just started as an analyst at gs. turn it into a family business?

  21. Posted by Guest | July 8, 2011 at 6:20 PM

    Dear God,
            We have considered many valuable candidates for the position of CFO, and while your work of creating the heavens and earth, making it to the 2,987,432 interview round, and proficient modeling skills were all impressive, we regret to inform you that we will not be continuing your candidacy for CFO of Goldman Sachs & Co.

           Thank you and we will keep your resume on file for the next 6 months if another position becomes available.

    Sincerely,
    – Goldman Sachs Immortal Capital Management

  22. Posted by Guest | July 8, 2011 at 6:20 PM

    Dear God,
            We have considered many valuable candidates for the position of CFO, and while your work of creating the heavens and earth, making it to the 2,987,432 interview round, and proficient modeling skills were all impressive, we regret to inform you that we will not be continuing your candidacy for CFO of Goldman Sachs & Co.

           Thank you and we will keep your resume on file for the next 6 months if another position becomes available.

    Sincerely,
    – Goldman Sachs Immortal Capital Management

  23. Posted by trojan | July 8, 2011 at 6:27 PM

    We should talk.
    -Satan

  24. Posted by trojan | July 8, 2011 at 6:27 PM

    We should talk.
    -Satan

  25. Posted by WallStreetFatCat | July 8, 2011 at 6:28 PM

    Beat me to it.

  26. Posted by WallStreetFatCat | July 8, 2011 at 6:28 PM

    Beat me to it.

  27. Posted by Texashedge | July 8, 2011 at 6:28 PM

     Lou Pai is already out, and you can pay him in one dollar bills.

  28. Posted by Texashedge | July 8, 2011 at 6:28 PM

     Lou Pai is already out, and you can pay him in one dollar bills.

  29. Posted by Anonymous | July 8, 2011 at 6:31 PM

    You’re already on the payroll.

    – GS

  30. Posted by Anonymous | July 8, 2011 at 6:31 PM

    You’re already on the payroll.

    – GS

  31. Posted by Guest | July 8, 2011 at 6:31 PM

    why, did you get fired from UBS for suiting up in the bathroom for interviews again?
    -God

  32. Posted by ExtraOrdinaryPopularDelusions | July 8, 2011 at 6:33 PM

    There’s a certain joy to it. For an instant, just an instant, 100 overly-clever numbnuts will read post 1 today, think to themselves of the obvious response, and before their brain even registers it, before its even consciously fully flittered across their brain, read post 2, and realize they’re too late. 

    That heart-crushing instant. That’s all mine.

  33. Posted by Guest | July 8, 2011 at 6:35 PM

    Good save,
    – Guy how knows the beauty (and cowardly nature) of the “Guest.”

  34. Posted by early hominid | July 8, 2011 at 6:36 PM

    Me too.  Look how fast my shop shut down once I got knocked out of the box.  But do people ever talk about how indispensable I was?  No, they don’t. You never hear about that. . 

    – Bernie M.

  35. Posted by Anonymous | July 8, 2011 at 6:36 PM

    Maybe a little…around the lips

  36. Posted by Guest | July 8, 2011 at 6:40 PM

    Kind of like going through your own portal…

    –JMalkovich

  37. Posted by Anonymous | July 8, 2011 at 6:42 PM

    Where should I send my resume?

    – JC Trichet

  38. Posted by ExtraOrdinaryPopularDelusions | July 8, 2011 at 6:46 PM

    I bet you watched Wall Street 2, too. Don’t lie. We’re all friends here.

  39. Posted by guest | July 8, 2011 at 6:48 PM

    and he doesnt have a criminal record

    — guy who watched the smartest guys in the room once, on an airplane

  40. Posted by Guest | July 8, 2011 at 6:59 PM

    This weekend and Jos. A. Bank hire one CFO get two additional CFOs for FREE!

  41. Posted by Anonymous | July 8, 2011 at 7:00 PM

    This is exactly why I find you delightful, EOPD. Your ability to amuse yourself is outstanding and it amuses me too. xoxo

  42. Posted by trojan | July 8, 2011 at 7:02 PM

    if you widen the angle of the photo, you will note there is a German pension fund bending over, prepping itself for Viniar’s fist

  43. Posted by SubtleEchoPenTroll | July 8, 2011 at 7:03 PM

    Well done.  

  44. Posted by Texashedge | July 8, 2011 at 7:10 PM

    You see a homerun every day. But that catch over the fence that saves the homerun–that’s what you’ve got here EOPD.

  45. Posted by Guest | July 8, 2011 at 7:13 PM

    DSK DSK DSK!

  46. Posted by Lewis Winthorpe III | July 8, 2011 at 7:17 PM

    True, I liked it.

    -Guy who is equally cowardly, since this is a goddamn internet forum, but probably less toolish than, EOPD, and is absolutely certain that he had as much fun at lunch as I did.

  47. Posted by in love with pmco avatar | July 8, 2011 at 7:21 PM

    you better check your self with pmco rants

  48. Posted by PMCOsucks | July 8, 2011 at 7:35 PM

    meet me at a certain tavern.

  49. Posted by Guest | July 8, 2011 at 7:42 PM

    Is he retelling some sort of masturbation story?

    -unsure dude…

  50. Posted by Lou_Pai | July 8, 2011 at 8:13 PM

    Lou Pai own half of New Mexico and doesn’t need the money Bitches.

  51. Posted by Citicorp Shareholder | July 8, 2011 at 8:15 PM

    Responding to your own post  =  Masterbation ?

  52. Posted by G-money | July 8, 2011 at 8:23 PM

    I saw this article yesterday and knew Bess would write a piece about it…

    – Gartman 

  53. Posted by Gundlach | July 8, 2011 at 8:57 PM

    “Masterbation”?   Really now?

  54. Posted by East Texas Gas Trader | July 8, 2011 at 9:08 PM

    More on Lou from Wiki.  He don’t have the mountain in Colorado anymore:

    “Pai is currently investing in pollution emission credits at Element Markets, LLC.[13]
    On July 30, 2008, Pai agreed to resolve the civil insider trading charges against him with an out-of-court settlement of $31.5 million, including $1.5 million in civil fines and $30 million in restitution, to be deposited into a fund for shareholders harmed by Enron’s bankruptcy.[6] He continues to neither admit nor deny the Securities and Exchange Commission claims that he sold millions of shares of Enron stock based on non-public information about the company’s financial problems. It is one of the largest settlements in the history of the SEC’s enforcement program dealing with an individual for alleged insider trading.[6] As part of the settlement, Pai is also barred from serving as an officer or director of a public company for five years.[14]”

  55. Posted by Gold Balled Investment Banker | July 8, 2011 at 9:10 PM

    What’s the catch?

  56. Posted by trojan | July 8, 2011 at 11:09 PM

    amusing oneself is like playing with oneself: do it too much and you become numb to others, and never attempt it in front of strangers.

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