Lloyd Blankfein: Difference between revisions
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==Life and career== |
==Life and career== |
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Blankfein was born in the [[Bronx]], [[New York City]] and raised in Brooklyn's Linden Houses, part of the [[New York City Housing Authority]]. His father was a clerk with the Postal Service in Manhattan.<ref>[http://query.nytimes.com/gst/fullpage.html?res=9C01E2DB1038F936A25756C0A965948260 Laura Jacobs Engaged To Lloyd C. Blankfein - New York Times<!-- Bot generated title -->]</ref> He received primary and secondary education in the public schools of the [[New York City Department of Education]], and was a [[valedictorian]] at Thomas Jefferson High School in 1971. He attended [[Harvard University]], where he lived in [[Winthrop House]], and earned his [[Bachelor of Arts|A.B.]] in 1975, and in 1978 received a [[Juris Doctor|J.D.]] from [[Harvard Law School]]. <!-- This section cannot be included without some external citation. "He is remembered by some of those he grew up with as brilliant and highly motivated - and as one who displayed a ruthless attitude toward those he considered his competitors and rivals. This personality trait is of interest in light of his rapid career rise in a highly competitive industry." --> |
Blankfein was born in a Jewish<ref>http://gawker.com/5342640/lloyd-blankfein-looks-like-shit-is-jewish</ref> family in the [[Bronx]], [[New York City]] and raised in Brooklyn's Linden Houses, part of the [[New York City Housing Authority]]. His father was a clerk with the Postal Service in Manhattan.<ref>[http://query.nytimes.com/gst/fullpage.html?res=9C01E2DB1038F936A25756C0A965948260 Laura Jacobs Engaged To Lloyd C. Blankfein - New York Times<!-- Bot generated title -->]</ref> He received primary and secondary education in the public schools of the [[New York City Department of Education]], and was a [[valedictorian]] at Thomas Jefferson High School in 1971. He attended [[Harvard University]], where he lived in [[Winthrop House]], and earned his [[Bachelor of Arts|A.B.]] in 1975, and in 1978 received a [[Juris Doctor|J.D.]] from [[Harvard Law School]]. <!-- This section cannot be included without some external citation. "He is remembered by some of those he grew up with as brilliant and highly motivated - and as one who displayed a ruthless attitude toward those he considered his competitors and rivals. This personality trait is of interest in light of his rapid career rise in a highly competitive industry." --> |
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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, as a precious metals salesman in their London office. |
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, as a precious metals salesman in their London office. |
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Revision as of 00:16, 8 November 2009
Lloyd Craig Blankfein | |
|---|---|
| Born | September 20, 1954 |
| Nationality | American |
| Alma mater | Harvard Law School Harvard College |
| Occupation(s) | Chairman & CEO at Goldman Sachs (2006-) |
| Predecessor | Henry Paulson |
| Political party | Democratic |
| Board member of | Rockefeller family's Asia Society Robin Hood Foundation |
| Spouse | Laura Jacobs Blankfein |
| Children | 3 |
Lloyd Craig Blankfein (born September 20, 1954) is the current Chief Executive Officer and Chairman of Goldman Sachs. After the May 31, 2006, nomination of former CEO Hank Paulson as Secretary of the Treasury, Blankfein was announced as his replacement.
Life and career
Blankfein was born in a Jewish[2] family in the Bronx, New York City and raised in Brooklyn's Linden Houses, part of the New York City Housing Authority. His father was a clerk with the Postal Service in Manhattan.[3] He received primary and secondary education in the public schools of the New York City Department of Education, and was a valedictorian at Thomas Jefferson High School in 1971. He attended Harvard University, where he lived in Winthrop House, and earned his A.B. in 1975, and in 1978 received a J.D. 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, as a precious metals salesman in their 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 at Weill Cornell Medical College.
Blankfein earned a total of $53.4 million in 2006, making him one of the highest paid executives on Wall Street. His bonus allegedly 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, Lloyd C. 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 options granted of $10,453,031.[4] He now resides in New York with his wife and children.
Contemporaries at Harvard University
A notable contemporary at Harvard University was Ben Bernanke (A.B. 1975, also Winthrop House), Chairman of the U.S. Federal Reserve.
Politics
Blankfein contributed at least $7000 to Democratic Party candidate Hillary Rodham Clinton in 2008.
On April 7, 2009, Blankfein recommend guidelines to overhaul executive compensation. According to the New York Times, Blankfein said that lessons from the global financial crisis included the need to "apply basic standards to how we compensate people in our industry".[5]
References
External links
- The Man Goldman Is Banking On 2004 profile from BusinessWeek magazine
- Goldman Runs Risks, Reaps Rewards, The New York Times