Lloyd Blankfein Image by Getty

Lloyd Blanknfein, CEO of Goldman Sachs for 12 years, is planning to step down this summer, according to the Wall Street Journal. One of two Co-presidents, David Solomon and Harvey Schwartz, are expected to replace him.

Blanknfein, the longest serving CEO at Goldman, succeeded Henry Paulson in 2006, who left to serve as Secretary of the Treasury. Paulson succeeded Jon Corzine, who entered New Jersey state politics after Goldman, serving as a senator and then governor.

But it’s unlikely Blankenfein will turn to politics, at least on the federal level.

CBS News reports that with the recent White House exit of Gary Cohn, the former President and Co-Chief Operating Officer at Goldman, the era of Goldman’s influence at the White House is waning. Cohn left, who served as Trump’s economic adviser, resigned on Tuesday after a dispute with President Trump over trade tariffs.

Steve Mnuchin, the current secretary of the treasury who worked at Goldman from 1985-2002, is the only administration official left who is a former Goldman employee.

Blanknfein has expressed a number of views that clash with President Trump’s, including opposition to Trump’s “travel ban,” and Trump’s decision to withdraw from the Paris climate accord, expressed in his first ever tweet.

Contact Avichai Scher at [email protected] or on Twitter, @avi_scher

Why I became the Forward’s editor-in-chief

You are surely a friend of the Forward if you’re reading this. And so it’s with excitement and awe — of all that the Forward is, was, and will be — that I introduce myself to you as the Forward’s newest editor-in-chief.

And what a time to step into the leadership of this storied Jewish institution! For 129 years, the Forward has shaped and told the American Jewish story. I’m stepping in at an intense time for Jews the world over. We urgently need the Forward’s courageous, unflinching journalism — not only as a source of reliable information, but to provide inspiration, healing and hope.

That’s where you come in. Gifts of any size keep the Forward free and accessible to everyone and ensure we have the resources we need to power the Forward at this critical time for American Jews.

Don't just read the Forward - invest in it. Will you support our work today?

— Alyssa Katz, editor-in-chief

Support our mission to tell the Jewish story fully and fairly.

$120 $180 $360 OTHER AMOUNT