Lloyd Blankfein, Goldman Sachs Chief, Talks About His Work Habits On Witness Stand

Bloomberg:

Lloyd Blankfein, chief executive officer of Goldman Sachs Group Inc. (GS), checks his bank's profit every day, prefers voice mail to e-mail and makes unscheduled calls to board members at times of market "uncertainty."

His testimony at the insider trading trial of Raj Rajaratnam was intended by prosecutors to show how one of those board members, Rajat Gupta, who served in 2007 and 2008, passed on information he learned from the board. Blankfein's 3 1/2 hours on the witness stand today before a packed Manhattan federal courtroom also included a few questions about the CEO's personal life.

Read the whole story: Bloomberg

Comments

[Jodi Veritas]

01:54 PM on 03/29/2011

Thanks for a great recession.

http://www.jobvirtue.com

[james rimes]

02:27 AM on 03/25/2011

Rolling Stone's Taibbi
http://www.youtube.com/watch?v=beb2jBijo-s&feature=relmfu

[William Hunter Duncan]

04:14 PM on 03/24/2011

Sky gods. "We live in service to the world, uh, um, I mean our clients." The "middlemen" who rule the world.

www.offthegridmpls.blogspot.com

[amleth]

12:24 PM on 03/24/2011

The banksters will remain untouchable economically for their crimes. But why can't we at least indict, try and convict them?

Convict these (insert pejorative noun, I'm all out) and let them remain felons for the rest of their (insert pejorative adjective) lives.

[halfpricefaustian]

11:26 AM on 03/24/2011

He has a fresh young kitten every day for lunch and washes it down with a glass of baby's tears.

[EuropeWindAndFire]

10:09 AM on 03/24/2011

The banks should be working for the people. Not the other way around.
The government should be working for the people. Not the other way around.
The people should not be afraid of their banks and their government. I should be the other way around.

[USNDC]

08:31 AM on 03/24/2011

Morph him into an animal and you would have a rat !

Look at his picture again ... can you see it ? ... can you see a rat ?

[olephart]

12:52 PM on 03/24/2011

Why do you insult rodents?

[osofar]

05:51 AM on 03/24/2011

I thought his work habits mostly consisted of whining for government handouts.

[Cougar31]

04:26 AM on 03/24/2011

Lloyd does a lot of good for our town, schools, and synagogue. He is a mensch.

[EuropeWindAndFire]

10:06 AM on 03/24/2011

Don't even go there...

[amleth]

12:25 PM on 03/24/2011

** lick, lick ** ** suck, suck **

[breakingpoint]

01:12 AM on 03/24/2011

Mr. Big Shot
http://www.youtube.com/watch?v=Jdx72CF5CDY

[Wendy Davis]

01:09 AM on 03/24/2011

http://dealbreaker.com/2010/09/confidential-to-the-partners-of-goldman-sachs-gird-those-loins-literally/
 
As many as 60 Goldman executives could be stripped of their partnerships this year to make way for new blood, people with firsthand knowledge of the process say. Inside the firm, the process is known as “de-partnering.”

 
The actual process of “de-partnering” is just as bad as it sounds (and make certain, it will leave a mark). But the physical pain is nothing compared to the mental anguish and shame the de-balled have to look forward to, should they choose to say with GS.

Goldman does not disclose who is no longer a partner, and many move on to jobs elsewhere; some stay, telling few of their fate. “I have friends who have been de-partnered who are still there, and most people inside think they are still partners,” said one former Goldman executive, who spoke only on the condition of anonymity. “It is something you just don’t talk about.” It can take years to make partner, and being pushed from the inner circle can be wrenching.
“Being partner at Goldman is the pinnacle of Wall Street; if you make it, you are considered set for life,” said Michael Driscoll, a visiting professor at Adelphi University and a senior managing director at Bear Stearns before that firm collapsed in 2008. “To have it taken away would just be devastating to an individual. There is just no other word for it.”

At Goldman, Harder To Achieve, and Stay, Partner [NYT]

[Chase Price]

10:56 AM on 03/25/2011

We get it, The America economy was sucked dry by and was de-partnered from Goldman.

[Wendy Davis]

11:34 AM on 03/25/2011

Goldman Sachs...The Firm

[Lolie Culley]

12:54 AM on 03/24/2011

He is doing God's Work by corrupting the poor and the middle class. Who is your God Blankfein? Was it Satan?

[Lolie Culley]

12:45 AM on 03/24/2011

Blankfein work Habits of fraud and corruption. He destroyed a lot of American families dream. We should destroy his dream too and of corrupting other countries as well. Jail time and take all money he got will be a SWEET JUSTICE for us.

[Wendy Davis]

01:08 AM on 03/24/2011

This is why WLeaks is needed. 

[TXfemmom]

10:37 PM on 03/23/2011

Blankfein should have been sitting behind a defense table, as well. 

[SitandStay]

10:18 PM on 03/23/2011

These charades could all be over very quick if we exercised our "Ghandi rights". The power of passive resistance. It worked against the British and it could work for us.
United States of America....the country too lazy to sit down for its rights.