She wasn’t even aware Lloyd et al canceled their $7,200 subscription until someone brought it to her attention. Why? Because she’s Evelyn fucking Davis and she drove an $80,000 BMW to get here tonight whereas you drove a Hyundai. Read more »
Lloyd Blankfein
Goldman Reps So ‘Freaked’ Over Volcker Rule They’re Forgetting Invisibility Cloaks At Home
By Bess Levin“They’re totally freaked out about Volcker,” said a Goldman lobbyist who declined to speak on the record for fear of losing the contract. “People are working on that a lot, with agency staff, with lawmakers, you name it.”…”Before the crisis, Goldman was basically non-existent in Washington,” said a former Congressional staffer who now works as a policy analyst at a Wall Street bank. “Post-crisis, Goldman is everywhere.” [Reuters]
A letter to Albany: Read more »
Sssssh. Don’t talk about trading. Read more »
Net income dropped 21 percent but it still beat expectations so high-fives all around! Read more »
A month ago, Charlie Gasparino reported that Lloyd Blankfein’s friends had told him LB was tired of the grind and mulling over stepping down as CEO of Goldman Sachs by the end of the 2011. Goldman denied the story and reassured the world that Lloyd would be with us for many years to come. Apparently these so-called friends, like Gasparino, who said the denial was merely proof that GS was lying to him, beg to differ and have continued to tell the press Lloyd is on the way out. Read more »
Goldman Sachs is “a financial snake pit rife with greed, conflicts of interest, and wrongdoing,” Levin told reporters today.
Pro-Tip: Upon Finding Yourself In An Elevator With Lloyd Blankfein, Whistling The Theme Song To WKRP in Cincinnati Will Get You Far
By Bess LevinAccording to William Cohan’s new Goldman book, Money and Power, Blankfein is known to “sing sitcom theme songs from the 1970s.” You get in a lift together today, you hum a few bars and let it hang there, in the air. Then, with a twinkle in his eye, LB picks up where you left off. You’ll be the next Gary Cohn before the doors open. Read more »
In October 2009, the Benedictine Sisters of Mt. Angel, Oregon filed a shareholder resolution strongly suggesting the board of Goldman Sachs “review pay disparity” at the firm and “analyze the appropriateness of its spiraling pay packages.” It seems they were not satisfied with GS’s response (or lack thereof) and have once again demanded some introspection on the part of Lloyd and Co re compensation, this time with the support of their colleagues from the Boston and Philadelphia offices. Read more »
Lloyd Blankfein Preferred To Risk Having Subway Doors Close In His Face Than Not Get A Sig On His Beep
By Bess LevinYou want to become CEO of Goldman Sachs? Start taking notes. Those who wait comfortably on the platform sans signal can look forward to a life of middle management. Read more »
What Did Lloyd Blankfein Say To Raj Rajaratnam During Their Friendly Exchange And Handshake Yesterday?
By Bess Levin
As you might have heard, yesterday was the most majestic day of the Raj Rajaratnam insider trading trial, as it starred witness Lloyd Blankfein. After several hours of questioning (and one patently absurd effort by the court illustrator), the judge called for a quick break. During that time, Lloyd apparently “walked up to defense lawyer John Dowd,” with whom he “exchanged some words and a laugh,” and then “rapidly extended his arm and quickly shook Rajaratnam’s hand.” A very brief dialogue ensued, Raj “smiled” and Blankfein walked away. What did LB say to elicit the grin of the former Goldman client? Read more »
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