The Chief Executive of Goldman Sachs, Lloyd Blankfein is an energetic 58-year-old and has been occupying the post for more than six years now. Blankfein has steered the firm through a lot of ups and downs in the past.
At a recent conference in New York, Blankfein was asked if it is already time for him to retire. He rubbished all the questions of retirement and stated that he still feels excited about coming to work every day, reported Bloomberg.
However, Blankfein admitted that he was almost 100 percent sure that his successor would be a person working at Goldman Sachs itself, reported eFinancial Careers.
"There's a very high likelihood, close to 100 percent, that the next leader of Goldman Sachs is at Goldman Sachs," Blankfein told the NYTimes Dealbook
The next CEO of the company shall be decided by the board members. Blankfein does not have the power to assign a successor but definitely has a say in the election.
Gary Cohn, COO of Goldman Sachs investment banking sector and J. Michael Evans, global head of growth markets and vice chairman of the firm are often rumored to be the potential successors, reported eFinancial Careers. However, a possibility of someone other than the two also exists.
Goldman Sachs has also introduced a program called, 10,000 Small Business Initiative where the firm has convened a few of its partners to impart business knowledge to small business owners. The firm also happens to be one of the most prestigious companies of U.S. from which the President raised the most money for charity in 2008, stated Wikipedia.
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