News

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]

70 comments
(hidden for your protection)
Show all comments

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.

    • Guest says:

      he's obviously never seen Bess's inbox

      • Lowly Assistant says:

        Or her fax machine.

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

        • PermaGuestII says:

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

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

          • Lowly Assistant says:

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

          • Back office grunt says:

            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

          • buboe says:

            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

          • Russia Guy Redux says:

            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

  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.

  13. Pinar spor says:

    hey admin thanks for fantastic and simple understandable article i beloved your blog site seriously significantly bookmarked also

  14. I required for this blog site put up admin actually thanks i will search your next sharings i bookmarked your website

  15. I got what you intend, saved to my bookmarks , very decent website.

  16. crork says:

    6QmH6N Im grateful for the post.Thanks Again. Awesome.

  17. I think this is a real great blog post.Really looking forward to read more. Keep writing.

  18. learn more says:

    I appreciate you sharing this blog. Keep writing.

  19. buy Bowtrol says:

    Enjoyed every bit of your post. Fantastic.

  20. A big thank you for your blog post.Thanks Again. Want more.

  21. Appreciate you sharing, great article post.Really thank you! Cool.

  22. Thank you ever so for you blog article. Great.

  23. http://generic-ambien.com/#59714 – buy ambien drug – ambien time release

  24. Really enjoyed this article.Much thanks again. Really Cool.

  25. Very good article post.Really thank you! Keep writing.

  26. buy celebrex 200 mg – celebrex urinary side effects

  27. I loved your post.Really looking forward to read more. Awesome.

  28. piercings says:

    Muchos Gracias for your blog. Really Great.

  29. Thanks-a-mundo for the article post. Will read on…

  30. Hey, thanks for the blog article.Really looking forward to read more. Much obliged.

  31. Great blog.Much thanks again. Really Great.

  32. Looking forward to reading more. Great post.Really looking forward to read more. Much obliged.

  33. Im obliged for the blog. Cool.

  34. I cannot thank you enough for the article.Much thanks again. Really Great.

  35. I loved your blog article.Really thank you! Keep writing.

  36. shake table says:

    Fantastic blog.Really thank you! Really Cool.

  37. Enjoyed every bit of your article post.Really thank you! Cool.

  38. Really enjoyed this blog.Much thanks again. Much obliged.

  39. I am so grateful for your article.Really thank you! Great.

  40. Thanks for the article post.Much thanks again. Much obliged.

  41. Really informative blog post. Really Great.

  42. I truly appreciate this blog post.Really looking forward to read more. Cool.

  43. Very informative blog article.Much thanks again. Great.

  44. Wow, great post.Thanks Again. Really Great.

  45. Thank you for your post.Much thanks again. Will read on…

  46. Thanks for the article post.Thanks Again.

  47. Im obliged for the post.Thanks Again. Want more.

  48. Really informative post. Great.

  49. Thank you ever so for you article post.Really thank you! Cool.

  50. kc inks says:

    Great article post.Really thank you! Really Cool.

  51. Yeah, it is clear now !… Just can not figure out how often do you update your blog?!…

  52. staples com says:

    wow, awesome article. Cool.

  53. Totally agree with you, about a week ago wrote about the same in my blog..!

  54. I subscribed to RSS, but for some reason, the messages are written in the form of some hieroglyph (How can it be corrected?!…

  55. As usual, the webmaster posted correctly..!

  56. Yeah� I read and I understand that I do not understand anything what it is about:D

  57. The topic is pretty complicated for a beginner!…

  58. Take several laps and then turn in your commenting card.

Our Sites

  • Above the Law
  • How Appealing
  • ATL Redline
  • Breaking Defense
  • Breaking Energy
  • Breaking Gov
  • Dealbreaker
  • Fashonista
  •