Keyword: blankfein

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  • Goldman Sachs CEO Lloyd Blankfein to Step Down, Report Says

    03/11/2018 12:27:25 AM PST · by Freedom of Speech Wins · 3 replies
    Fortune, yahoo ^ | 3/09/18 | unstated
    Goldman Sachs Group Inc. Chief Executive Officer Lloyd Blankfein plans to step down as soon as the end of this year, the Wall Street Journal reported. The investment bank intends to replace Blankfein, 63, with one of its two co-presidents, David Solomon or Harvey Schwartz, the newspaper said Friday, citing people familiar with the matter that it didn’t name. A spokesman for Goldman Sachs didn’t immediately return a call for comment.
  • Goldman Sachs CEO bashes Trump again in bizarre, emoji-filled tweet

    06/02/2017 8:22:22 PM PDT · by 2ndDivisionVet · 38 replies
    The New York Post ^ | June 2, 2017 | Kevin Dugan
    Wall Street continued its lament of President Trump’s exit of the Paris climate agreement Friday — with Goldman Sachs CEO Lloyd Blankfein taking to Twitter again. “Leadership helps” the US, Goldman CEO Lloyd Blankfein wrote in a bizarre, emoji-heavy tweet, fretting that America might lose its profile on the world stage. “Our language is dominant; $ global; [world] talent comes. Bad if lost. Consider w/ making policy on enviro, trade, defense, etc.”(continued)
  • Lloyd Blankfein's first-ever tweet slams Trump's climate decision (Yet Another Trump Endorsement)

    06/01/2017 4:30:47 PM PDT · by Kid Shelleen · 32 replies
    CNBC ^ | 06/01/2017
    t took President Donald Trump's controversial choice to withdraw the U.S. from the Paris climate-change accord to turn Lloyd Blankfein from a Twitter lurker into a tweeter. --SNIP-- This isn't the first time Blankfein has expressed criticism of Trump policies. In January, the CEO told employees at Goldman Sachs that the Wall Street heavyweight doesn't support Trump's ban on immigration from certain Muslim-majority countrie
  • Out of work: Chelsea Clinton's husband Marc Mezvinsky shut down his hedge fund in December just

    02/08/2017 6:52:59 PM PST · by simpson96 · 85 replies
    U.K. Daily Mail ^ | 2/8/2017 | Chris Spargo
    (Full article title: Out of work: Chelsea Clinton's husband Marc Mezvinsky shut down his hedge fund in December just weeks after Hillary lost election) Marc Mezvinsky quietly shut down his hedge fund Eaglevale Partners back in December. Bloomberg reports that Mr. Chelsea Clinton and his partners are now working to return money to investors, including Goldman Sachs CEO Lloyd C. Blankfein. The decision to shutter the fund came just a few weeks after Mezvinsky's mother-in-law Hillary lost the election to president Donald Trump. Mezvinsky has kept a low profile ever since Hillary's loss in the election, but was photographed by...
  • Trump Picks Another Goldman Sachs Executive

    12/12/2016 11:45:11 AM PST · by VitacoreVision · 26 replies
    The New American ^ | 12 December 2016 | Steve Byas
    “A global power structure that is responsible for the economic decisions that have robbed our working class, stripped our country of its wealth and put that money into the pockets of a handful of large corporations and political entities,” was the wording of a Trump TV commercial late in the presidential campaign, complete with the face of the chief executive of Goldman Sachs, Lloyd Blankfein, on the screen.Yet President-elect Donald Trump has named Blankfein’s friend and associate, the chief operating officer of Goldman Sachs, Gary Cohn, to lead the National Economic Council (NEC), the third Goldman executive tapped for either...
  • Trump considering Goldman Sachs president for top budget post

    11/30/2016 2:25:10 PM PST · by SeekAndFind · 52 replies
    Politico ^ | 11/30/2016 | Ben White and Jake Sherman
    President-elect Donald Trump is considering Goldman Sachs President Gary Cohn for a senior administration job, possibly as director of the Office of Management and Budget, several sources close to the situation said on Wednesday. People familiar with the matter say Cohn's meeting with Trump on Tuesday included talks about a potential job in the new administration, possibly to run OMB, a sprawling office that will handle much of Trump's budget policy after he takes office in January. Cohn, who is friendly with Republicans and Democrats in Washington, is a longtime commodities trader who became Goldman's president and co-chief operating officer...
  • Donald Trump Launches Two-Minute, $4 Million Dollar Ad Buy

    11/05/2016 4:07:41 AM PDT · by UKrepublican · 47 replies
    Donald Trump’s campaign released a new television ad on Friday titled, “Donald Trump’s Argument for America.” The two-minute ad will run on prime time national news and entertainment channels, including NFL, NASCAR, and NCAA programs. It’s a $4 million ad purchase aimed at major markets in key battleground states including: Pennsylvania, Ohio, Nevada, Florida, Michigan, Ohio, Iowa, Colorado, North Carolina ,and New Mexico, according to the Trump campaign press release. “This is Mr. Trump’s positive closing message to American voters, and it comes at a time when Secretary Clinton has abandoned any positive message of her own. We believe voters...
  • Clinton Son-In-Law’s Investment Fund Shut Down After 90% Loss

    05/11/2016 8:58:47 AM PDT · by simpson96 · 56 replies
    HeatStreet ^ | 5/11/2016 | Andrew Stiles
    Hillary Clinton’s son-in-law, the mediocre money manager Marc Mezvinsky, is shutting down a special Greece-focused investment fund that had lost nearly 90 percent of its value over the past two years.The Eaglevale Hellenic Opportunity fund, which had raised $25 million from investors, was pitched as a bet on economic recovery in Greece—that hasn’t panned out, exactly. The fund reported a 48% decline in 2015, when Mezvinsky told investors that his firm’s predictions about the Greek economy had “proved incorrect,” and hasn’t recovered. Mezvinsky, who married Chelsea Clinton in 2010, founded the investment firm Eaglevale Partners two years later with the...
  • Judge reopens FOIA case on Hillary Clinton aide Abedin (Huma)

    06/20/2015 8:23:41 AM PDT · by PROCON · 15 replies
    politico ^ | June 19, 2015 | JOSH GERSTEIN
    Reacting to the disclosure that Hillary Clinton exclusively used a private email account during her tenure as secretary of state, a federal judge agreed Friday to reopen a conservative group's Freedom of Information Act lawsuit seeking details about the employment arrangements of top Clinton aide Huma Abedin. However, U.S. District Court Judge Emmet Sullivan declined — for now — to address claims from Judicial Watch that Clinton's use of the private account and server led State Department officials to commit a fraud on the court by certifying they had turned over all responsive records.
  • Goldman’s Blankfein: Poor wealth redistribution behind social unrest in U.S.

    09/20/2012 7:55:10 PM PDT · by Tailgunner Joe · 27 replies ^ | September 19, 2012 | John Greenwood
    Lloyd Blankfein may be top dog at one of the world’s most powerful banks, but that doesn’t mean he’s unaware of the everyday trials and tribulations of the so-called 99%. The two goals of the economy should be to “expand the wealth of the world and to distribute [it] fairly,” the chief executive of Goldman Sachs Group Inc. told business leaders in Toronto. “And I think in the United States over the last generation or two we’ve been much better at generating wealth and much less good at distributing it.” In a question and answer session with Royal Bank of...
  • Good ol' bonus days are back for Goldman

    01/29/2011 3:15:40 AM PST · by Liz · 13 replies
    NY POST ^ | 1/29/11 | MARK DeCAMBRE
    Goldman CEO Lloyd Blankfein bagged a $14.6M compensation package.....including stock awards, which were also paid to other top executives. Blankfein also got a 230% bump in his base salary to $2M, up from $600,000 since 2007....excluding private jets, cars and other perks. CFO David Viniar, COO Gary Cohn and Vice Chair Michael Evans received identical boosts, with each hauling in $1.85M annually. Blankfein's pay in the halcyon days of 2007, was $67.9M. Other firms have been hiking base pay at a time when regulators are mulling new rules for Wall Street pay.
  • Obama stiffs Dimon, Blankfein on signing

    07/21/2010 6:52:53 PM PDT · by CutePuppy · 23 replies
    NY Post ^ | July 21, 2010 | Mark DeCambre
    Wall Street's most vocal critics of the new financial regulations aren't invited to the party. Neither Goldman Sachs CEO Lloyd Blankfein nor JPMorgan Chase chief Jamie Dimon were asked to attend President Obama's signing ceremony set for today in Washington. FinReg, as the financial sector overhaul is known, is likely to alter the state and style of business of Wall Street and, potentially, sap billions of dollars of revenues from some of the most powerful financial institutions in the country. The high-profile ceremony is expected to be attended by a few hundred guests including Harvard professor Elizabeth Warren, viewed by...
  • Blankfein Saves Chicago Bank That Just Happens To Have Ties To Obama And Bill Clinton

    05/13/2010 8:52:04 PM PDT · by blam · 4 replies · 434+ views
    The Business Insider ^ | 5-13-2010 | Joe Weisenthal
    Lloyd Blankfein Saves Chicago Community Bank That Just Happens To Have Ties To Obama And Bill Clinton Joe Weisenthal May. 13, 2010, 10:11 PM Look! Goldman Sachs (GS) is committing an act of generosity. The much-reviled Wall Street firm is in discussions to make an investment in South Side Chicago-based community bank ShoreBank, according to WSJ. Apparently the bank has one more day to become adequately capitalized, or else. As the article notes, though, there appears to be a political angle. ShoreBank is from Obama's old neighborhood, and in fact the bank is involved in microcredit, and Barack Obama once...
  • Blankfein supports financial reform legislation

    04/27/2010 11:18:26 PM PDT · by CutePuppy · 4 replies · 300+ views
    The Hill ^ | April 28, 2010 | Vicki Needham
    A financial regulatory reform bill has at least one supporter outside of Congressional Democrats, Lloyd Blankfein, the head of investment bank Goldman Sachs. I'm generally supportive, Blankfein told the Senate Permanent Subcommittee on Investigations. Wall Street will benefit from the bill because it will make the market safer, Blankfein said.The biggest beneficiary of reform is Wall Street itself, he said. The biggest risk is risk financial institutions have with each other. American consumers also would benefit from better regulations, he said. Blankfein said he didn't know all the bill's details and couldn't speak to provisions that affect community and consumer...
  • Goldman profits on both AIG's collapse, breakup

    03/02/2010 3:37:06 AM PST · by Scanian · 5 replies · 296+ views
    NY Post ^ | March 2, 2010 | MARK DeCAMBRE
    For Goldman Sachs, AIG -- and by extension, the American taxpayer -- is a gift that keeps on giving. A year and a half after Goldman pocketed billions of dollars that Uncle Sam funneled into American International Group when it was on the verge of collapse, Lloyd Blankfein's gold-plated investment bank is set to fetch as much as $100 million by selling off pieces of the insurance giant. Goldman is reaping fees from helping AIG unload billion of dollars worth of assets in an attempt to return the roughly $182 billion the insurer borrowed from average folk.
  • Under Obama, Crony Capitalism Again Rules the Day

    02/15/2010 4:40:12 AM PST · by Kaslin · 7 replies · 501+ views ^ | February 15, 2010 | Michael Barone
    In his bestseller "Inside U.S.A.," the hugely readable journalist John Gunther described America as it was in the last year of World War II. He interviewed hundreds of politicians, businessmen and journalists, but only four men rated a separate chapter -- three politicians and Henry J. Kaiser, the California construction magnate who built dams and ships and manufactured concrete and steel and aluminum. Kaiser was, Gunther wrote, "tough, creative, packed with ideas and energy, above all a man who likes to make things." But he was also, he noted, a "link of enterprise by government, since government was on his...
  • Goldman Sachs’s CEO Blankfein Gets $9 Million Bonus for 2009

    02/05/2010 3:27:49 PM PST · by SeekAndFind · 6 replies · 294+ views
    Business Week ^ | 02/05/2010 | Christine Harper
    Goldman Sachs Group Inc. Chairman and Chief Executive Officer Lloyd Blankfein was awarded $9 million in stock for his performance in 2009, a year in which profit soared to an all-time high and the shares doubled. The sum falls short of the Wall Street record that Blankfein, 55, set with his $67.9 million bonus in 2007. Blankfein’s payment of 58,381 restricted stock units, valued at $9 million at today’s closing price of $154.16, was disclosed today in a filing with the U.S. Securities and Exchange Commission. Goldman Sachs, the most profitable securities firm in Wall Street history, cut the percentage...
  • Is Goldman Sachs doing 'God's Work' or the 'Devil's Work'? Poll

    11/10/2009 8:11:23 AM PST · by DBlake · 9 replies · 406+ views
    Youpolls ^ | 11-10-2009 | DailyFinance
    Lloyd Blankfein, the CEO of Goldman Sachs (GS), has put an unusual spin on the bank's activities. He says his firm is doing "God's work." This may seem like an audacious statement....
  • The secret to Goldman Sachs' good fortune

    09/29/2009 3:17:13 AM PDT · by Scanian · 19 replies · 1,151+ views
    NY Post ^ | September 29, 2009 | John Crudele
    SO, is this how Goldman Sachs does it? "It," of course, is making gobs of money even when nobody else on Wall Street can. And those profits then go into outrageous bonuses to employees, which cause rancor on Capitol Hill and on Main Street. You've heard the old saying, "it's not what you know, but who you know." Goldman Sachs knows lots of important people. That fact is indisputable, mainly because former Goldman employees are scattered around the country, and the globe, in important, decision-making financial positions.
  • Goldman Sachs CEO Sees Long Recession

    06/10/2009 2:52:05 PM PDT · by pleikumud · 13 replies · 616+ views
    CNBC Online ^ | June 10, 2009
    CEO Lloyd Blankfein said on Wednesday he believed a current upturn in world markets was probably not a full recovery from crisis and said he expected a further long recession. "I think it's going to be a long proctracted recession," he told an international regulators conference in Tel Aviv. Addressing a current upturn in markets, he said: "There is no reason to think this is it ... So many things have to be sorted out. Why would this be the recovery? "The chances are it's not."