Word: blankfein
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...Right before the markets began to unravel last year, Lloyd Blankfein, chief executive of Goldman Sachs, presciently quipped that he hadn't "felt this good since 1998," referring to the Wall Street wipeout precipitated that year by Russia's defaulting on its ruble debt. Blankfein argued that confidence in global markets had built up to a dangerously giddy level and that investors weren't being compensated for assuming outsize risk in securities like esoteric bonds and Chinese stocks. Blankfein was right, of course, but even he wasn't paranoid enough. Though Goldman stands, along with Morgan Stanley...
...doing pretty well for a financial services firm these days: its stock is down only 14% over the past year, compared to 29% for the currently embattled industry overall, and it earned $11.6 billion in profits in its most recent fiscal year. So does that mean CEO Lloyd Blankfein deserves the $70 million pay package he received for 2007? Maybe. Or maybe not. But at the very least shouldn't public shareholders - the people who actually own the company...
...phone interview on Monday. “I think the dean of the College is a critical position, and we need to pay attention.” —Claire M. Guehenno contributed to the reporting of this story. —Staff writer Alexander D. Blankfein can be reached at ablankf@fas.harvard.edu...
ALEXANDER D. BLANKFEIN ’08 of New York, N.Y. and Adams House Senior Editor...
...running for president against five competitors, including Tom D. Hadfield ’08. Hadfield has previously lambasted the UC’s lobbying effort: “The current approach of asking administrators nicely is not working,” Hadfield said Wednesday. —Alexander D. Blankfein contributed to the reporting for this story. —Rachel Nolan contributed to the reporting for this story...