Interview with Goldman Sachs' Lloyd Blankfein
Lloyd Blankfein reveals it's not business as usual at Goldman Sachs. Find out why.
"This isn’t a year we would try and set records on compensation. I am mindful of external pressures over compensation. But it’s my duty to preserve this franchise" “The old partnership culture is still very much alive here” “We’ve not seen much opportunity for principal or merchant banking investments recently. We think there should be a much, much higher return for holding illiquid assets" “Absolutely, large firms should be allowed to fail”
How will regulation and risk affect investment? How is Blankfein addressing compensation pressures? Why does he support the end of bail outs? And how is Goldman getting back to what it does best?
Details revealed to Euromoney by Lloyd Blankfien. Subscribers can find out now:
Goldman is wasting its breath if it wants to convince the world it is an altruistic organization.
Amid all the vilification heaped on Goldman Sachs, so little criticism from regulators or investors seems to attach to Lloyd Blankfein’s double role.