Lloyd Blankfein

  • 23 Mar 2011 at 5:00 PM

Know Your Goldman Sachs CEOs: Lloyd Blankfein Would Rather You Call Than Email, Reads The Journal Sometimes But Not Always But Sometimes, Does His Job

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Rajaratnam’s defense lawyer, John Dowd, asked Blankfein whether he was a daily reader of the Wall Street Journal. “Sometimes I do,” Blankfein testified, before hurriedly adding, “Often I do. But not always.”…Blankfein [also said he] checks his bank’s profit every day, prefers voice mail to e-mail and makes unscheduled calls to board members at times of market “uncertainty.” [Bloomberg]

  • 23 Mar 2011 at 2:43 PM

“He Had An Unfortunate Accident, That’s How I Would Say It”

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Under cross-examination by Rajaratnam’s lawyer John Dowd, Blankfein said he tried to talk Gupta out of quitting the board on September 12, 2008, not wanting to project instability to the market. But by the time Gupta’s decision not to stand for re-election became known in March 2010, things had changed. “I knew there was questions about Rajat’s behavior, that’s how I would say it,” Blankfein said. [Portfolio]

  • 23 Mar 2011 at 12:28 PM

Who Needs To Be Held In Contempt At The Raj Rajaratnam Trial?

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Gang, something serious just happened during the Lloyd Blankfein Day of the Raj Rajaratnam insider trading trial. Someone needs to be removed from the court immediately and if the judge won’t do anything about it, we will. We’e not talking about Raj, or his 700 lawyers or the prosecution or Lloyd. We’re talking about the person responsible for THIS: Read more »

  • 23 Mar 2011 at 10:32 AM

LLOYD BLANKFEIN IS ON THE STAND

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Read more »

  • 22 Mar 2011 at 1:37 PM

Gasparino: Goldman Sachs Lied To Me, Execs Michael Evans And Michael Sherwood Frontrunners For Job That’s Not (Yet) Available

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Last week, Charlie Gasparino reported that he’d spoken to a bunch of Lloyd Blankfein’s ‘friends,’ who’d told him that Blankfein a) hates his job running Goldman Sachs and b) has been saying he’s going to leave the firm by the end of the year. Goldman denied the report, promising Lloyd will be with us for years to come. False!, Chaz claimed and today provides names of two executives who will potentially take over for Lloyd at some point in the future. Read more »

  • 21 Mar 2011 at 11:08 AM

Warren “I’m going to be the Osama bin Laden of capitalism” Buffett Extends Challenge To Goldman Sachs

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Last Friday, the Federal Reserve gave Goldman Sachs the greenlight to buy back the $5 billion of preferred stock Berkshire Hathaway bought when things got dicey in 2008. Though he knew the day was coming, Buffett was not looking forward to the news, as the terms of the investment were highly favorable for the Oracle of O, netting him more than $15 dollars a second. Over the weekend Buffett confirmed his displeasure and sent a message to Lloyd and Co that if they want their preferred shares back they’re gonna have to find him first, which will prove difficult, as he’s decided to take a page from from Osama bin Laden’s playbook. Read more »

  • 18 Mar 2011 at 4:20 PM

Ellipses Suggest Charlie Gasparino Wants To Tell Us More About How Lloyd Blankein “Hates” His Job

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The scare quotes also seem to tell a tale. Read more »

  • 17 Mar 2011 at 6:03 PM

Goldman Sachs: Your Lloyd Will Never Leave You

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Despite reports by Charlie Gasparino, who said he’s heard from friends of Lloyd that he “might be planning to step down by the end of the year,” GS has reassured the world that LB will be with us for many years to come, and possibly even longer, if Lucas van Praag can get him to agree to be cryogenically frozen. Future generations shouldn’t be punished for not being born in his lifetime. [Reuters]

  • 17 Mar 2011 at 1:17 PM

Charlie Gasparino Has A Question

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“Is Lloyd Blankfein ready to leave the firm?” Chaz has apparently hunted down some of Lloyd’s “friends,” who may or may not have told him LB might be ready to leave the firm, might not be ready to leave the firm or hasn’t decided what he’s feeling at the moment. Read more »

  • 14 Mar 2011 at 9:03 AM

Raj Rajaratnam Did Not Appreciate Rajat Gupta’s Attempt To Leave The Goldman Board, Join ‘The Billionaire Circle’

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As previously discussed, one of the bigger revelations that could cause issues for Raj Rajaratnam is that his “business associate and friend,” Rajat Gupta, passed him inside information obtained from Gupta’s post as a board member of Goldman Sachs, which the Galleon founder proceeded to (allegedly!) trade on. In one particular instance, on October 23, 2008, Gupta rang up Rajaratnam twenty three seconds after an informative call with Lloyd Blankfein about the company’s financial situation. The swiftness with which Gupta funneled information to his pal presumably pleased Raj greatly, as it was a characteristic he looked for in all of his tipsters, going so far as to put it at the top of the ‘must haves’ in the listing for the gig.  So you can imagine that the hedge fund manager was not at all pleased when Rajat tried to resign from the Goldman board and dry up his well. Read more »

  • 04 Mar 2011 at 7:13 AM

LLOYD BLANKFEIN AGREES TO TESTIFY IN GALLEON TRIAL

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The decision was presumably made after hearing about former Goldman Sachs board member, Rajat Gupta, calling up Raj Rajaratnam with earnings information 23 seconds after getting it from GS management. NOBODY PLAYS LLOYD LIKE THAT! Read more »