Word: blankfein
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Dates: during 2000-2009
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...Lloyd Blankfein...
...head of the world's most profitable bank is oddly pedestrian. Lloyd Blankfein, Goldman Sachs' chief executive, is a movie buff and a bad dresser. He loves gambling in Vegas. He grew up poor and used to be an overweight two-packs-a-day smoker. So when his firm's rapid return to megaprofits this year ignited claims that Goldman Sachs had engineered the financial crisis so it could profit from it, Blankfein seemed the perfect man to explain why his firm - and indeed all of Wall Street - was not a band of élitist capitalist vampires but instead...
...LLOYD BLANKFEIN, Goldman Sachs' chief executive, speaking during a conference at which he was named CEO of the Year...
With Goldman Sachs employees on track for their best bonus year ever, the investment bank's executives have been making the case that their bounty is good for all of us. "We contribute to growth," CEO Lloyd Blankfein said at a breakfast put on by FORTUNE. "Once the economy starts to turn, we get very involved." In a discussion about morality and markets at St. Paul's Cathedral in London, Goldman Sachs International vice chairman Brian Griffiths, a former adviser to Margaret Thatcher, described giant paychecks for bankers as an economic necessity. "We have to tolerate the inequality...
...better off with a smaller, less-well-remunerated financial industry than the one we've had. Exactly how much smaller? "I've done what I could, but it's not like I've found the right formula, that finance should be 6.65% of GDP," jokes Philippon. As for Blankfein and Griffiths, they clearly need to come up with a better formula for defending their paychecks...