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Word: chief (lookup in dictionary) (lookup stats)
Dates: during 2000-2009
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...derivative-driven innovations and massive leverage, Blankfein is the firm's chief advocate for taking risks but also its chief risk watchdog. He has a far different perspective from that of most of the previous Goldman bosses. In December 2006, Viniar led a meeting of senior Goldman executives to examine ongoing daily losses in the firm's mortgage portfolio. Goldman had already underwritten and sold billions of dollars' worth of mortgage-backed securities, much of it labeled investment grade by ratings agencies. It was, in fact, junk. But Goldman realized earlier than most that rot was setting in and famously...

Author: /time Magazine | Title: The Rage Over Goldman Sachs | 8/31/2009 | See Source »

...language, with the speed and the pacing." Soon enough, though, he designed a lucrative $100 million trade - then the largest of its kind Goldman had ever handled - for a Muslim client to comply with the religion's rules against receiving interest payments. In 1984, Goldman partner and J. Aron chief Mark Winkelman put Blankfein in charge of a group of foreign-exchange salesmen and later in charge of all foreign-exchange business. Rubin, then on the firm's management committee and responsible for both risk arbitrage and J. Aron, had advised Winkelman against it. According to Charles Ellis' 2008 book...

Author: /time Magazine | Title: The Rage Over Goldman Sachs | 8/31/2009 | See Source »

...December 2003 he was named Goldman's chief operating officer and co-president after the departure of John Thain - Blankfein's rival to lead the firm - who left to become CEO of the New York Stock Exchange. By then, Blankfein had impressed Goldman's board of directors and especially Paulson, then the CEO, with his tenacity, ambition and hands-on management style. "Hank became increasingly concerned about whether [John] Thornton or Thain" - the co-presidents of Goldman before Blankfein - "would assume responsibility for the business units and show they could run things," says a former Goldman partner. "Lloyd showed...

Author: /time Magazine | Title: The Rage Over Goldman Sachs | 8/31/2009 | See Source »

...There are many governments, however, that would be more concerned about a possible missile shipment, especially if it were destined for the Middle East. Chief among them is Israel. In recent years, the Israeli government has consistently raised alarms about Russia's plans to sell MiG-31 fighter planes to Syria and its construction of a nuclear-power station in southwestern Iran. Negotiations with Moscow have been tough on these issues and relations often icy, as the Israeli President pointed out during his visit to Russia on Aug. 18, just as the mysteries behind the Arctic Sea's disappearance began...

Author: /time Magazine | Title: Was Russia's 'Hijacked' Ship Carrying Missiles to the Mideast? | 8/31/2009 | See Source »

...Russia's chief investigator, Alexander Bastrykin, told official state newspaper Rossiyskaya Gazeta that a band of new-age pirates, possibly in connivance with the crew, is all that lies behind the Arctic Sea mystery. But he did concede that there are questions that need answering. "We don't rule out the possibility that [the ship] was carrying more than just timber," he said, without elaborating further...

Author: /time Magazine | Title: Was Russia's 'Hijacked' Ship Carrying Missiles to the Mideast? | 8/31/2009 | See Source »

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