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WSJ: Goldman's Blankfein plans to step down as soon as end of the year

Published 03/09/2018, 12:02 PM
© Reuters.  WSJ: Goldman's Blankfein plans to step down as soon as end of the year
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  • Lloyd Blankfein, the CEO of Goldman Sachs (GS +1.4%), plans to step down by the end of this year, according to reports.
  • The top two contenders to replace Blankfein are the firm's co-presidents, Harvey Schwartz and David Solomon.
  • Schwartz ran trading at Goldman before becoming CFO, and Solomon ran the investment banking business and is known as a strong manager.
  • Blankfein spent 36 years at Goldman Sachs, a son of a Brooklyn postal worker who rose to lead one of the top firms on Wall Street. It's not clear what Blankfein plans to do after leaving Goldman Sachs.
  • Now read: Trading The Coming Earnings Hit On Apple (NASDAQ:AAPL)


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