Lloyd Blankfein: Goldman pays the price of success

Assailed on all sides for preparing to pay huge bonuses from a financial market kept alive by systemic government support, Lloyd Blankfein is having to fight Goldman’s corner almost as fiercely as when the crisis was at its worst. He tells Peter Lee that it is not business as usual.


EVEN THOUGH THE firm is in the middle of a media blitz to justify its so-called social purpose and defend itself against a swelling army of enraged critics, Goldman Sachs postpones

Euromoney’s meeting with chairman and chief executive Lloyd Blankfein.

There’s a good reason. On Monday November 2, Blankfein is hauled instead to the offices of the Federal Reserve Bank of New York for a dressing down from president William Dudley on the vexed question of compensation.

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