Lloyd Blankfein to Step Down as CEO of Goldman Sachs

[kreslik.news]

The chief executive of Goldman Sachs, Lloyd Blankfein, plans to step down ‎as soon as the end of this year, ending a controversional 12-year tenure ‎with the investment bank, the New York Times reported on Friday.‎

Goldman intends to replace Blankfein, 63, with its co-president David Solomon, ‎the newspaper said, citing people familiar with the matter that it didn’t name. ‎

Mr. Blankfein, who is Goldman’s chairman and chief executive, was ‎appointed to his roles in June 2006. In addition, he successfully led ‎his bank through the 2008 global economic and financial crisis ‎without any major mishaps.‎

Speculations of his stepping down as ... (read more)