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

Author:
Publish date:
Updated on

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.

They are vice-chairmen Michael Evans or Michael Sherwood, the latter of which will succeed the firm’s Gary Cohn as chairman of the partnership committee, it was announced in a memo yesterday. All of this, CG says, is proof his story is more spot on than Goldman would have you believe, and proof that he is all-knowing. Speaking of which, CG asked his Fox Business colleagues, "What, is Lucas van Praag clairvoyant? How does he know I haven't spoken to Lloyd's friends, who've told me he's leaving?" (CEO's up and down Wall Street also backed him up, Chaz says.)

Related

News

Goldman Sachs Can Fix This

A week ago today, a man named Greg Smith resigned from Goldman Sachs. As a sort of exit interview, Smith explained his reasons for departing the firm in a New York Times Op-Ed entitled "Why I Am Leaving Goldman Sachs." The equity derivatives VP wrote that Goldman had "veered so far from the place I joined right out of college that I can no longer in good conscience say I identify with what it stands for." Smith went on to note that whereas the Goldman of today is "just about making money," the Goldman he knew as a young pup "revolved around teamwork, integrity, a spirit of humility, and always doing right by our clients." It was a culture that made him "love working for the firm" and its absence had stripped him of "pride and belief" he once held in the place. While claiming that Goldman Sachs has become virtually unrecognizable from the institution founded by Marcus (Goldman) and Samuel (Sachs), which put clients ahead of its own interests, is hardly a new argument, there was something about Smith's words that gave readers a moment's pause. He was so deeply distraught over the differences between the Goldman of 2012 and the Goldman of 2000 (when he was hired) that suggested...more. That he'd seen things. Things that had made an imprint on his soul. Things that he couldn't forget. Things that he held up in his heart for how Goldman should be and things that made it all the more difficult to ignore when it failed to live up to that ideal. Things like this: