Lloyd Blankfein Net Worth is$450 Million
Lloyd Blankfein Salary is$55 Million
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Profession: Businessperson, Chief Executive Officer
Date of Birth: Sep 20, 1954
Nicknames: Lloyd C Blankfein
Country: United States of America
Lloyd Blankfein is the chairman and CEO of Goldman Sachs and has a net worth of $450 million. Lloyd Blankfein has earned his net worth partly as a corporate tax lawyer for Donovan, Leisure, Newton and Irvine but mainly from his time at Goldman. He joined J Aaron and Company in 1981, in the London office, and served as a precious metals salesman. J. Aaron & Company is Goldman's commodity trading arm. Blankfein is one of the highest paid executives on Wall Street and received a bonus of $27.3 million, along with his salary, as well as, stock and options. This gave him a grand total of $53,965,418 compensation for 2010. The Financial Times has awarded him the name of "2009 Person of the Year," and Forbes Magazine calls him one of "The Most Outrageous CEO's of 2009. Goldman Sachs has been taking a lot of criticizm from lawmakers about their involvement in hiding debts made by Greece, and for the operation of Goldman Sachs pay practices. Blankfein testified in front of the Financial Crisis Inquiry Commission, stating that the company was not a product maker, but only a primary market maker. He also told the Senate Permanent Subcommittee on Investigations, that they were under no obligation to tell clients that they were betting against the same products made by Goldman Sachs. Blankfein and Goldman Sachs employees have been major contributors for Democratic candidates, such as, Hillary Clinton and Barack Obama. With almost a million dollar contribution from Goldman Sachs employees and Blankfein, their company helped to raise the most money for the 2008 campaign for Obama. Lloyd Blankfein made a statement, during an interview, that he was doing God's work. He later explained that it was merely a joke and it just came out the wrong way. He also stated that the company was sorry for unspeicified " things that were clearly wrong and have reason to regret." The company is offering $500 million to help out small businesses, as part of a 10,000 small businesses initiative. Lloyd Blankfein was born in the Bronx, New York City, in 1954. His father worked at the U.S. Postal Service as a clerk, and his mother was a receptionist. He attended the public schools in the New York City Department of Education and attended high school at Thomas Jefferson High. He was their Valedictorian, in 1971. He earned his A.B. at Harvard College and a J.D. Degree at Harvard Law School. He married Laura Susan Jacobs,(a former lawyer) in 1983 and they have three adult children. Their two son's, Alex and Johnathan have positions at Goldman Sachs. Apparently, the boys are doing quite well at Goldman Sachs. Alex took home $155, 000 for his first year, which most recent college grads only bring home around $50,000. Johnathan Blankfied was given center seat at the energy trading desk, while most would have been stuck somewhere in the corners of the room. Blankfein is also a Gala Chairman for the Rockefeller family's Asia Society, serves on the board of the Robin Hood Foundation, and on the board of overseers of Weill Cornell Medical College.
Lloyd Craig Blankfein (born September 20, 1954) is an American business executive. He is currently the CEO and Chairman of Goldman Sachs. He has been in this position since the May 31, 2006 nomination of former CEO Henry Paulson as Secretary of the Treasury under George W. Bush.
Blankfein was born in the Bronx borough of New York City to a Jewish family and reared in Brooklyn's Linden Houses, part of the New York City Housing Authority.[citation needed] His father was a clerk with the U.S. Postal Service branch in the Manhattan borough of New York City and his mother was a receptionist. As a boy, he worked as a concession vendor at Yankee Stadium. He received primary and secondary education in the public schools of the New York City Department of Education, and was the valedictorian at Thomas Jefferson High School in 1971. He attended Harvard College, where he lived in Winthrop House, and earned his A.B. in 1975. In 1978, Blankfein received a J.D. degree from Harvard Law School.
Blankfein worked as a corporate tax lawyer for the law firm Donovan, Leisure, Newton & Irvine. In 1981, he joined Goldman's commodities trading arm, J. Aron & Co., as a precious metals salesman in its London office.
He is the Gala Chairman of the Rockefeller family's Asia Society in New York. He serves on the board of the Robin Hood Foundation, a charitable organization seeking to alleviate poverty in New York, as well as on the Board of Overseers of Weill Cornell Medical College.
Blankfein earned a total of $54.4 million in 2006 as one of the highest paid executives on Wall Street. His bonus reflected the performance of Goldman Sachs, which reported record net earnings of $9.5 billion. The compensation included a cash bonus of $27.3 million, with the rest paid in stock and options. While CEO of Goldman Sachs Group in 2007, Blankfein earned a total compensation of $53,965,418, which included a base salary of $600,000, a cash bonus of $26,985,474, stocks granted of $15,542,756 and

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Lloyd Blankfein Latest News

Blankfein said to likely step down from Goldman in December, according to Times

Lloyd Blankfein will probably step down as Goldman Sachs Group Inc.'s chief executive in December, The New York Times reported, citing people familiar with the firm's plans. David Solomon, who was named president in March, will take the top spot ...
Posted: May 18, 2018, 12:10 pm

Goldman Sachs CEO Blankfein to Step Down, Bestowing Complex Bitcoin Relationship

Lloyd Blankfein, 63, is expected to step down as CEO of Goldman Sachs in December, leaving the bank’s future uncertain in several ways, including its relationship with bitcoin. The New York Times reported that Blankfein will likely depart following the ...
Posted: May 20, 2018, 4:19 am

EXCLUSIVE: Goldman’s Blankfein enlists senior management in conduct, culture initiative

The global training sessions, sponsored by Chief Executive Lloyd Blankfein, have the firm’s partners and managing directors facilitating real-life work scenarios that encourage them to “anticipate the unexpected.” The program, or “Chairman’s ...
Posted: May 16, 2018, 7:03 pm
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