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It's an odd contradiction: an excelling company being reviled in a country that embraces the profit motive. And without question, Goldman Sachs under Blankfein has recalibrated, in very large numbers, its place as Wall Street's most astute, most opaque and most influential firm. In the first and second...
Blankfein's deftness under pressure impressed his partners. "He is a totally independent-minded guy," says another senior Goldman official. "Ten years ago, I think most people would have said that it is highly unlikely that Lloyd would be CEO and highly unlikely that he would succeed. But he has...
These early triumphs in the face of adversity understandably shaped his ambition and his worldview. "You can never forget that Lloyd came from a pretty significantly challenging environment," explains Robert Steel, Blankfein's former partner at Goldman and an Under Secretary for Paulson at Treasury. "That's at the root...
Defending Goldman's Crown When, in July 2006, president Bush tapped Paulson to be Secretary of the Treasury - in the great Goldman tradition - Blankfein's journey from a Brooklyn housing complex to the pinnacle of American capitalism was complete. By then, all of Blankfein's quirky bad habits had been...
Combine manufacturer rebates, dealer incentives and cash-for-clunkers rebates of up to $4,500 (which end in November), and there are some huge deals out there. The $16,000 list price on a 2009 Nissan Versa at Boulder Nissan in Colorado can be whittled to under $10,000. A...