Lloyd and his wife live in the laps of luxury in the Upper West Side of Manhattan. [50] During the Obama administration, he visited the White House a total of 14 times. [28][29] Nevertheless, as a precaution Blankfein hired Reid Weingarten, a high-profile defense lawyer who represented former WorldCom CEO Bernard Ebbers and former Enron accounting officer Richard Causey. Personal Life: Affair, Girlfriends, Wife, Kids [60], Blankfein opposes a wealth tax on billionaires. He has also been on the boards of Weill Cornell Medical College and Partnership for New York City. [14] In 1982, he joined the commodities trading firm J. Aron & Co. as a precious metals salesman in its London office. Born in: New York City, New York, United States, Spouse/Ex-: Laura Jacobs Blankfein (m. 1983), children: Alex Blankfein, Jonathan Blankfein, Rachel Blankfein, education: Harvard Law School (1978), Harvard College (1975), See the events in life of Lloyd Blankfein in Chronological Order. [32] Smith claimed that employees were promoted for unloading less profitable products on clients, for trading products that maximized Goldman Sachs' profits, not their clients, and trading illiquid, opaque products.

When Blankfein told his then fiancée, Laura Jacobs, that he was leaving law to go to J. Aron, she cried, thinking the comfortable life she was counting on would now be jeopardized.

[26] Blankfein testified once more before Congress in April 2010 at a hearing of the Senate Permanent Subcommittee on Investigations. Statistics cookies are lorem ipsum dolor sit amet.

He said that Goldman Sachs had no moral or legal obligation to inform their clients they were betting against the products they were selling to them because it was not acting in a fiduciary role. Lloyd Blankfein married his wife, Laura Jacobs Blankfein, in 1983. [38] A year later, he received total compensation of $53.9 million, which included a base salary of $600,000, a cash bonus of $26.9 million, stocks granted of $15.5 million and options granted of $10.4 million. Lloyd Blankfein Facts & Wiki

Lloyd Blankfein (right) of Goldman Sachs and his wife Laura arrive for the state dinner hosted by U.S. President Barack Obama and first lady Michelle Obama … "[56], On June 1, 2017, Blankfein posted his first ever tweet, despite joining Twitter in 2011. After receiving his J.D. Such great words from a person who could actually afford temptations! TimesMachine is an exclusive benefit for home delivery and digital subscribers. According to The New York Times, he said that lessons from the global financial crisis included the need to "apply basic standards to how we compensate people in our industry".

[16][17][15] When then chairman Stephen Friedman[18] appointed Henry Paulson as his successor, Blankfein was soon tasked with managing or co-managing the company's currency and commodities divisions from 1994 to 1997.

[22], During the 2007–08 financial crisis, many financial institutions that had dealings in subprime mortgages received a high level of public attention.

Lloyd gradually worked his way up at J. Aron and became the co-manager of the ‘Currency and Commodities Division’ of Goldman Sachs in 1994. [60] In 2019, while criticizing Elizabeth Warren's wealth tax, he alluded to her Native American heritage, saying "Maybe tribalism is just in her DNA.

[21] Hours after the announcement, media outlets–both domestic and international–informally designated Solomon as Blankfein's heir apparent.

Here’s what it said: “Mr. This is a digitized version of an article from The Times’s print archive, before the start of online publication in 1996. [68] He received multiple rounds of treatment of chemotherapy and by October 2016 was in remission.

After Lloyd joined, he labored hard and was played a key role in turning around J. Aron’s fortunes by clinching an impressively profitable deal supervising a $100 million hedge fund for a client.

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