Lloyd Blankfein – guiding light of Goldman Sachs
Goldman Sachs inspires awe and envy in equal measure. Those who survive the Wall Street investment bank’s annual cull earn fortunes. Leavers join an alumni network that makes the Freemasons look like plodders. The ‘Government Sachs’ roll call includes prime ministers (Mark Carney, Mario Draghi, Rishi Sunak and Australia’s Malcolm Turnbull); US Treasury secretaries (Bob Rubin and Hank Paulson); and central bank governors galore, not to mention two recent BBC chairmen (Gavyn Davies and Richard Sharp). After the global financial crisis, which Goldman navigated more adroitly than rivals, Rolling Stone compared the bank to ‘a vampire squid wrapped around the face of humanity’. New York magazine ran a cover story which asked: ‘IS GOLDMAN SACHS EVIL?
