Lloyd Blankfein

Lloyd Craig Blankfein ( born September 20, 1954 in Bronx, New York) is an American bank manager. He is the Chief Executive Officer ( CEO) and president of the American bank Goldman Sachs Blankfein is married to the former attorney Laura Jacobs Blankfein since 1983. They have two sons and a daughter.

Origin and study

Blankfein was born into a Jewish family in the Bronx and grew up as the son of a postal worker up in modest circumstances in Brooklyn. He studied as a single from his family and completed his study of law at Harvard University from which he supported financially today. The study he financed with grants and loans.

Rise at Goldman Sachs

In 1981 he competed at Goldman Sachs, however, was initially not set. He worked as a lawyer specializing in tax law for the firm Donovan, Leisure, Newton & Irvine, and later with J. Aron & Co., which specializes in gold and commodity trading. As Goldman Sachs bought out his employer, he was automatically in the company where he had previously unsuccessfully applied. Here he quickly made a brilliant career.

In 2004 he was promoted to vice - president of Goldman Sachs, the Deputy CEO Henry Paulson, the U.S. Treasury was later.

At this time dominated a trio of Paulson and Co - COOs and presidents John A. Thain and John L. Thornton, the company. In 2003 alone, comprised of your business accounts with a total value of $ 393.4 billion ( Mergers & Acquisitions ). But Thornton resigned in March 2003 and became a professor at Tsinghua University in Beijing, Thain was head of the New York Stock Exchange in December of the same year. Blankfein's department, however, was the most successful in the house and was soon over a third of the revenues in ( 5.6 billion ). He earned approximately $ 20 million in 2003. In 2007, Blankfein with $ 67.9 million the largest bonus, which was paid by then a Wall Street banker.

In 2006, when Paulson was appointed by U.S. President George W. Bush of the Treasury, Blankfein was CEO of Goldman Sachs

2007 Supported Blankfein Hillary Clinton as presidential candidate of the Democratic Party, as well as his colleague John J. Mack of Morgan Stanley. But Clinton failed against Barack Obama.

Credit crisis

In July 2007, the public was clear that a credit crisis was brewing, the einschätzte Blankfein in October 2007 as overcome. Despite the crisis, reinforcing his bonus increased by 25 % to $ 67.9 million.

In September 2008, the New York Times published a list of financial bankers with their equity shares in their own companies, and comparing its value in January 2007 with the current at that time. Blankfein's share of Goldman Sachs therefore its value of 405.6 million was reduced to $ 291 million.

Apparently took Blankfein at the small round part, where you will also be involved former superior Paulson, who was responsible for the rescue of the largest U.S. insurance company American International Group, and has invested in Goldman Sachs probably around 20 billion.

In November 2009, Blankfein said he establish regular "God's work", this statement but later took back.

While the share price and profits of Goldman Sachs in 2011 decreased by 46 and 47 percent, Blankfein received $ 16.2 million with a 14.5 percent higher pay than in the previous year.