watch video | Download/Stream podcast from itunes u
Lloyd Blankfein, chairman and chief executive officer of Goldman Sachs, sat down with State Street Corporation Chairman and Chief Executive Officer Joseph L. Hooley III ’79 at the March 22 meeting of the Boston College Chief Executives Club. In this question-and-answer session, Blankfein discussed the economy and markets, touching on a number of topics including the past mortgage crisis, his company’s move to consumer lending, and Europe’s current leading statesman. When asked about his much-discussed retirement, Blankfein said, “When things are going badly, you can’t leave. When things are going well, you don’t want to leave. So, you almost by definition—have to leave when you don’t want to leave.” In his nearly 25 years at Goldman Sachs, Blankfein has held a number of positions before becoming chairman and CEO in 2006.
"I was very philosophical in my thinking…I said: I knew it! If I’m going to be a CEO, the world’s going to blow up. We’re involved in everything, and so nothing can go wrong anywhere without affecting us." Transcript and Video about the Mortgage Crisis
"After 148 years, we’re going into a consumer lending business. It’s not so much that we changed as the opportunity changed because of technology. If you think of consumer lending, you make 500 loans, you have to know the people and their stories. But if you make 50 million loans, it’s math, it’s algorithms, it’s digital distribution, it’s risk management—all core strengths of ours." Transcript and Video about Consumer Lending
"The central leader in Europe right now is [French President Emmanuel] Macron, because [German Chancellor Angela] Merkel is weakened by having a weak coalition, whereas Macron got into government in a tsunami of support and controls his legislature. Now the question in Paris is, Will he get cold feet? Will he see it through?" Transcript and Video about French President Emmanuel Macron
Bloomberg
"Blankfein Says His Goldman Departure Must Come Before He's Ready"
Boston Business Journal
"What’s Blankfein doing after Goldman? He’s not sure, and he’s worried"
Boston Globe
"Goldman Sachs CEO talks retirement during Boston visit"
Financial News
"Lloyd Blankfein: I will have to leave, but I don’t want to go"
Reuters
"Goldman Sachs CEO says sovereign balance sheets look risky"
Washington Post
"Blankfein: Not going anywhere yet"
April 26, 2018: John Noseworthy, Mayo Clinic
June 19, 2018: Dennis Muilenburg, Boeing
September 27, 2018: Al Kelly, Jr., Visa
Boston College’s Chief Executives Club, a program of the Carroll School of Management, hosts keynote speakers from the ranks of the world’s most prominent chief executives. A forum for the discussion of challenges facing business leaders today, the Chief Executives Club is one of the nation’s top CEO speaking events.
