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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70 Responses to “Your Lloyd Will Never Leave You!”

  1. CoveredLong says:

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

  2. Lucas's ghost says:

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

  3. A. Gold says:

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

  4. guest says:

    marcia, marcia, marcia!

    -gary cohn

  5. The Truth says:

    Translation: Gary's got no chance

  6. Gaspipe Charlie says:

    I was asked to do this interview.

  7. guest says:

    Master Lloyd is looking very wobbity in this picture.

  8. Praagmatic says:

    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!"

  9. Ax to Grind says:

    Its tough doing gods work

  10. Guest says:

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

  11. Perry says:

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

  12. SucksToSuck says:

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

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