Blankfein Says Report of His Departure Didn't Come From Him

Blankfein Says Report of His Departure Didn't Come From Him

Blankfein Says Report of His Departure Didn't Come From Him

Lloyd Blankfein, one of Wall Street's most powerful players, is reportedly preparing to step down from his perch at Goldman Sachs as soon as the end of the year.

A spokesman for Goldman Sachs didn't immediately return a call for comment. Visit for more information on this news.

The two were promoted to co-COO and president just days after Gary Cohn, who had previously held the position of Blankfein's right-hand-man, accepted a position leading the National Economic Council for President-elect Donald Trump.

Blankfein is one of only a couple big Wall Street CEOs who ran their firms before the financial crisis and still are at the helms today. In 1982, he quit his job as a tax lawyer and joined Goldman's commodities arm as a gold salesman.

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Blanknfein, the longest serving CEO at Goldman, succeeded Henry Paulson in 2006, who left to serve as Secretary of the Treasury.

Should Blankfein stay through the end of 2018, it would cap a tumultuous and wildly successful business career of a Bronx native, who went from selling hot dogs at Yankee Stadium to becoming a Master of the Universe whose influence not only extended through Wall Street, but into the White House. He was considered at the time as the most likely successor to Blankfein. Last June, he used his first-ever tweet to slam Trump's decision to leave the Paris climate accord. He declared himself cancer-free about a year later following chemotherapy treatments.

Mike Mayo, a bank analyst at Wells Fargo & Co., said the bank has four good contenders as CEO a year from now.

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