President-elect Donald Trump has stocked his stable of advisers with one more Goldman Sachs alum, appointing company president Gary Cohn to lead the National Economic Council in a stark departure from his campaign promise to “drain the swamp.” Cohn will become the third Goldman pick to closely advise Trump, following the choice of Steve Bannon…
President-elect Donald Trump promised to clean up Washington, D.C. But if his choices in advisers provide any signs of what’s to come, he has no plans to clear out the Goldman Sachs executives who have staffed finance positions from one administration to the next. Steve Bannon, a former Goldman Sachs banker (among other things), will…
Lloyd Blankfein, chief executive and chairman of Goldman Sachs Group Inc, told CNBC on Wednesday that he is “feeling great” after the treatment for lymphoma. In his first interview after revealing in September that he had a “highly curable” form of cancer, Blankfein said he had undergone 600 hours of chemotherapy. Blankfein, who said he…
Lloyd Blankfein, the chairman and chief executive officer of Goldman Sachs Group Inc, said on Tuesday he had a “highly curable” form of cancer and would be able to work mostly as normal during treatment. The veteran Wall Street boss, who steered the U.S. investment bank through the financial crisis, told employees and shareholders he…
On the day after his op-ed piece appeared in the New York Times on March 14, Greg Smith, a mid-level executive in the London office of Goldman Sachs had generated 19 million entries on Google. By three days later, that number had risen to 134 million. Smith’s announcement of his departure from the storied firm…
Myriad hypotheses have been floated already about what compelled Goldman Sachs executive director Greg Smith to write the New York Times op-ed that shot around the globe this week. Smith’s broadside against Goldman’s “toxic and destructive” culture has been depicted as the ranting of a disgruntled employee, the “objection of the underclass of younger bankers…
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