Seeking Alpha

"Oh, I've had enough," says Lloyd Blankfein, after being asked if he's had enough of being...

"Oh, I've had enough," says Lloyd Blankfein, after being asked if he's had enough of being CEO of Goldman Sachs (GS). He quickly adds, however, he prefers it to sitting at home watching TV. "I think it's a very high likelihood, close to 100%, that the next leader of Goldman Sachs is at Goldman Sachs."
Comments (4)
  • deercreekvols
    , contributor
    Comments (6815) | Send Message
     
    The best of the best on Wall Street would never hire someone from the "outside."

     

    Adios, Mr. Blankfein. Don't forget to "sell" Nokia. Wait a second. You guys bought 60M shares? I guess that would be considered a "buy" to your little club of smartest guys in the room.

     

    Say Hello to Jon Corzine on your way out.
    12 Dec 2012, 11:56 AM Reply Like
  • brucemayers
    , contributor
    Comments (38) | Send Message
     
    My retirement from GS in 1995 preceded the IPO as well as the ascendancy of Lloyd Blankfein. I am positiive he said Bye Bye to Jon Corzine when he succeeded him. I must admit that GS had its most profitable financial moments under the leadership of LB, although, I would argue that there was a palpable change in the culture of the firm during his time at the helm. The public perception of GS deteriorated markedly, generally, from the press coverage which would indict rather than affirm the GS methods often incorrectly.

     

    LB ranks high on the list of Wall Street leaders. Many fortunes were made, but at some perceived expense of not always doing the right thing.
    12 Dec 2012, 03:24 PM Reply Like
  • petten
    , contributor
    Comments (128) | Send Message
     
    So Gary Cohen'll be the next leader of GS?
    12 Dec 2012, 07:12 PM Reply Like
  • deercreekvols
    , contributor
    Comments (6815) | Send Message
     
    There was nothing incorrectly reported on the Galleon Group and the fact that a Goldman Sachs Board Member phoned the head of the Galleon Group from the GS Board room with insider information.

     

    Mr. Blankfein stated that there was a "confidentiality issue" when this occurred. That's all the public heard from the head of Goldman Sachs.

     

    The perception that GS has acted in ways that "did not do the right thing" is a reality. Check the news and not the GS newsletter.
    13 Dec 2012, 08:53 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs