• 25 Apr 2012 at 1:45 PM

Your Lloyd Will Never Leave You!

Back in February, a disturbing report was published claiming that Lloyd Blankfein had plans to step down from his position as CEO of Goldman Sachs “as early as this summer.” The idea of a world without Blankfein’s sass, twinkle, street roots, and I-am-unable-to-hold-back-exactly-what-I-think-of-what-you’re-saying-via-the-expression-on-my-face face was more than a little unpalatable and extremely tough to take. Luckily, we don’t have to. Appearing on CNBC earlier today, Lloyd told Gary Kaminksy that 1) former employee Greg Smith never brought up any of his gripes in 360 reviews and 2) he’s not going anywhere.

“I have no plans to leave,” Mr. Blankfein said Wednesday, while insisting that his board has never suggested he step down…[as for] Mr. Cohn, a long-time deputy of Mr. Blankfein who is widely touted as his possible successor, Mr. Blankfein said the board has a list of possible CEOs in mind “including, but not limited to, Gary.”

LB also noted that the major mistake made by Goldman running up to the financial crisis was working with imbeciles. “The biggest threat to Goldman—the existential threat—was the poor performance and bad risk management by some competitors with who we have business relationships,” he said.

Goldman CEO: I’m Not Leaving [Crain’s]
Goldman Sachs CEO: ‘We haven’t gotten everything right’ [Video]

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Comments (70)

  1. Posted by CoveredLong | April 25, 2012 at 1:55 PM

    Well, according to Brad Hintz on Bloomberg today – GS, MS, and JPM are national treasures.

  2. Posted by Guest | April 25, 2012 at 2:03 PM

    he's obviously never seen Bess's inbox

  3. Posted by Lucas's ghost | April 25, 2012 at 2:12 PM

    Your bad risk management plus my heavy exposure to you doesn't equal my bad risk management, in case you're wondering.

  4. Posted by A. Gold | April 25, 2012 at 2:15 PM

    That's what Lloyd told me, them he went to that scumbag Adam Davies. Now I will DESTROY THEM BOTH!!!

  5. Posted by guest | April 25, 2012 at 2:15 PM

    marcia, marcia, marcia!

    -gary cohn

  6. Posted by Lowly Assistant | April 25, 2012 at 2:19 PM

    Or her fax machine.

    -Guy That Thinks The Fax Machine Was A GINORMOUS, Yet Overlooked, Contribution To Offsite Communications

  7. Posted by The Truth | April 25, 2012 at 2:25 PM

    Translation: Gary's got no chance

  8. Posted by PermaGuestII | April 25, 2012 at 2:49 PM

    When was the last time *anyone* saw a fax machine?

    -Guy who thought fax machines went the way of the Telex.

  9. Posted by Lowly Assistant | April 25, 2012 at 2:56 PM

    Listen – I'm not a faxer, just a fan of their work.

  10. Posted by Gaspipe Charlie | April 25, 2012 at 3:11 PM

    I was asked to do this interview.

  11. Posted by Back office grunt | April 25, 2012 at 3:29 PM

    Our compliance department prefers we fax customer information to custodians (etc) as opposed to email it. Their reason being that a fax line is secure whereas email is quite the opposite.

    – Guy that is long fax machine manufacturers

  12. Posted by guest | April 25, 2012 at 3:32 PM

    Master Lloyd is looking very wobbity in this picture.

  13. Posted by Praagmatic | April 25, 2012 at 3:59 PM

    Goldman Sachs "first year" analysts are only allowed to communicate by email and cannot speak to a superior at all. The only time they get to speak is at their quarterly review and they can only say two words. Young Simon, a new hire, worked 90 hours a week in silence and communicated only by emails as told. At his March 31st review, his allotted 2 words were: "Long hours!" The HR rep said that was expected and he knew it when he signed on. He was told to go back to work. At his June 30th review his chosen 2 words were, "No weekends!" The HR person reminded him of his future potential to make money and told him to go back to his cube. At the analyst's September 30th review, his two words were "I quit!!"

    The HR person stated, "I'm not surprised. All you ever do is complain!"

  14. Posted by guest | April 25, 2012 at 4:43 PM

    You fucking suck.

  15. Posted by guest | April 25, 2012 at 4:44 PM

    Take several laps and then turn in your commenting card.

  16. Posted by guest | April 25, 2012 at 6:29 PM

    mom ?

  17. Posted by Ax to Grind | April 25, 2012 at 8:25 PM

    Its tough doing gods work

  18. Posted by buboe | April 26, 2012 at 12:18 AM

    Except that every fax machine still in use logs incoming faxes as emails, and sends them to a publicly available inbox.
    – Guy who actually lives in 2012

  19. Posted by Guest | April 26, 2012 at 5:35 AM

    Bess, Stevie is going to be jealous. If you're concerned about those things. Otherwise, I have no concerns.

  20. Posted by Perry | April 26, 2012 at 8:38 AM

    with WHOM we have business relationships >> object of a preposition, no big deal.

  21. Posted by Russia Guy Redux | April 26, 2012 at 8:46 AM

    In Soviet Russia, custodian fax customer information to YOU!

    – Guy who is desperately trying to fight his way out of this ballsachingly dull conversation about fax machines

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    Simon was also the last person picked in gym class and now trades munis in Dallas for UBS.

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