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Nevertheless, "it's a time when I feel very optimistic about our positioning," Blankfein said. "I also feel very good about the outside environment."
He added that there was no personal reason for his departure.
"Could it have been earlier?" He said. "Will it be later? I'm not tired, I'm fine, I'm not running out of gas." But he added, "David is mature and ready and the good guy."
Already, M Solomon pushed for changes in Goldman's business. He introduced smarter technology in stock trading and investment management. He has transferred representatives of corporate trading offices into the investment banking division to streamline customer interactions. It extends Goldman 's new consumer bank, which is called Marcus, into new regions.
For some analysts and other relatives of Goldman, the change should have come sooner.
"Lloyd Blankfein's legacy will be defined by Goldman performs over the next two years after his departure," said Mike Mayo, a banking analyst at Wells Fargo who has been covering Goldman for 15 years. The company's growth, he added, "would be better in the category later than ever."
Blankfein's 12-year tenure at the head of Goldman, a 149-year-old firm, was also more long and perhaps more tumultuous than those of most of his recent predecessors.
"I do not know what it is to sit He has sat for the past 12 years," said Mr. Solomon
During the first full year of Goldman Sachs, Mr. Blankfein reported nearly $ 1 billion in revenue a week, mainly from his stock and bond operations.Then came the financial crisis that hindered the banking sector, followed by a return to solid profits in 2009. These were then challenged by a series of new regulations that upset his legacy business model. may have missed and there were traps that I caught, "said Mr. Blankfein." In the end, the company during my tenure faced an existential risk in terms of the first half of the financial crisis and extraordinary reputation risk, which came partly because we also sailed the existential risk. "[19659011]
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