Lloyd Blankfein: ‘We Haven’t Gotten Everything Right’ In his first interview in two years, Goldman Sachs CEO Lloyd Blankfein told CNBC Tuesday, “We haven’t gotten everything right in how we deal with the public.” The bombshell op-ed piece in the New York Times caught Blankfein off-guard, he told Squawk on the Street.  In the March 14 piece, Greg Smith, head of Goldman’s U.S. equity derivatives business in Europe, the Middle East and Africa, said the firm put its own profits ahead of clients, with some executives disparaging some clients as “muppets.” Watch the interview
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Lloyd Blankfein: ‘We Haven’t Gotten Everything Right’

In his first interview in two years, Goldman Sachs CEO Lloyd Blankfein told CNBC Tuesday, “We haven’t gotten everything right in how we deal with the public.”

The bombshell op-ed piece in the New York Times caught Blankfein off-guard, he told Squawk on the Street.  In the March 14 piece, Greg Smith, head of Goldman’s U.S. equity derivatives business in Europe, the Middle East and Africa, said the firm put its own profits ahead of clients, with some executives disparaging some clients as “muppets.”

Watch the interview

Source: cnbc.com

Goldman Partners Sitting Pretty on Pay Although it seems like a tough week for Wall Street paychecks, partners at Goldman Sachs are probably not fretting. The amount of compensation per partner appears to have declined by far less—just about two-thirds of 1 percent, by my calculation.  In last year’s first quarter, total compensation divided by partner equaled close to $10.83 million. This year, the compensation per partner is roughly $10.76 million for the first quarter. That means that comp per partner decreased by just 0.64 percent. Full Story
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Goldman Partners Sitting Pretty on Pay

Although it seems like a tough week for Wall Street paychecks, partners at Goldman Sachs are probably not fretting. The amount of compensation per partner appears to have declined by far less—just about two-thirds of 1 percent, by my calculation.  In last year’s first quarter, total compensation divided by partner equaled close to $10.83 million. This year, the compensation per partner is roughly $10.76 million for the first quarter. That means that comp per partner decreased by just 0.64 percent.

Full Story

It’s Not Just Goldman Sachs Based on sheer tonnage of tweets, Greg Smith’s resignation from Goldman Sachs via a New York Times Op-Ed touched a raw nerve. He accused Goldman of a pretty serious offense: Not caring about its clients. Smith bemoaned the changes he perceived at the firm during his twelve years there. Full Story Photo: goldmansachs.com
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It’s Not Just Goldman Sachs

Based on sheer tonnage of tweets, Greg Smith’s resignation from Goldman Sachs via a New York Times Op-Ed touched a raw nerve. He accused Goldman of a pretty serious offense: Not caring about its clients. Smith bemoaned the changes he perceived at the firm during his twelve years there.

Full Story


Photo: goldmansachs.com

Source: cnbc.com

Goldman Under Fire Again: Op-Ed Is Talk of Wall Street

Goldman Sachs

A Goldman Sachs banker added to the firm’s scarred public profile in a withering resignation letter published in the New York Times, saying Goldman had become a “toxic and destructive” place where managing directors openly referred to their own clients as “muppets.”

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Statement From Goldman Sachs

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