Lloyd Blankfein Could Step Down As Early As This Summer

Fortune:

FORTUNE -- Lloyd Blankfein may step down as chief executive of Goldman Sachs as early as this summer; and president and chief operating officer Gary Cohn is the lead candidate to replace him, according to a Goldman executive and a source close to the firm.

Read the whole story: Fortune

Comments

[american-dolt]

12:12 PM on 02/21/2012

Blankfein is being promoted to Satan.

[coolhand66]

08:48 PM on 02/19/2012

most of Goldman Sachs shude have to serve hard time..!

[knewsreply]

04:17 PM on 02/19/2012

I was expecting different news about Blankfein.

[aforbes808]

11:35 AM on 02/19/2012

Go to jail. Go directly to jail, do not pass go, do not collect $200. Mr. Obama? Mr. Holder? Congress? You all need to get behind the American people on this. Occupy Reality kids.

[rosiebag]

11:19 AM on 02/19/2012

Its time for him to take his rightful place in the administration, Timmy needs back up.

[OldGent]

01:41 AM on 02/19/2012

Watch all the rats scurry while the ship begins to sink.

[marinatha]

09:05 PM on 02/18/2012

You mean he is trying to deflect crap from being flung on his lilly white demure?

[VPerry24]

06:29 PM on 02/18/2012

Government policies written by lobbyists carve out exemptions, special treatment, government granted monopolies, criminal enforcement of intellectual property (this last is a very new idea and a dangerous one), a patent system that is out of control and generating debilitating litigation, not to mention barriers to entry into markets and stifling competition. Tax breaks targeting the wealthiest citizens and corporations, taxpayer bailouts and grants and guarantees for corporations which benefit their owners, a two-tiered criminal system (one for the wealthy and for us everyone else), all sorts of mechanism like these are now being used to cause wealth to flow to the top using government power to get it there. Lobbyists have become so successful in dominating elected politics at all levels, it is not far fetched to call them our real rulers.

[capitaldysfunction]

05:14 PM on 02/18/2012

I wonder if Cohn can capture the magic of his predecessor by putting a "I don't understand" look on his face when a senator accuses his firm of selling short to bet against itself. He robbed the financial product consumer blind and got away with it. Over one thousand convictions in the smaller savings and loan crisis during the Reagan years. None yet under Obama in the largest financial crisis since the Great Depression. Put the crooks in jail.

[Dolores de Cabeza]

04:24 PM on 02/18/2012

The only thing I want to hear about GS is that they all dropped off the face of the planet and left no spawn.

[Carl Caroli]

02:15 PM on 02/18/2012

Step down? How about thrown in jail.

[madcityy]

10:59 AM on 02/18/2012

i dont like him or his co,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,

[Matt12]

10:23 AM on 02/18/2012

same difference:

Lloyd Blankfein + Gary Cohn = corruption and crookery
Gary Cohn - Lloyd Blankfein = corruption and crookery

[VPerry24]

12:51 PM on 02/18/2012

don't forget to mention that Obama hired 6 of their top executives for his staff.

[morbius]

02:42 PM on 02/18/2012

Yeah... I have a hard time with that myself.

[DARK STAR]

09:47 AM on 02/18/2012

You think someone that wealthy gives a damn? He won, of course it helped that the deck was stacked every time he made a move.

[saveourfreedom64]

09:32 AM on 02/18/2012

Probably walking away with a $50 billion dollar payday.