Acronyms that contain the term lloyd blankfein 

Lloyd Blankfein

Lloyd Craig Blankfein (born September 20, 1954) is an American investment banker who has served as senior chairman of Goldman Sachs since 2019, and chairman and chief executive from 2006 until the end of 2018. He assumed the office after former chief executive, Henry Paulson, was asked to serve as the 74th United States Secretary of the Treasury. Previous to leading Goldman Sachs, he was the company's president and chief operating officer (COO) from 2004 to 2006, serving under Paulson. Born and raised in New York City, Blankfein attended Harvard University for his undergraduate and law school studies before briefly entering private law practice. In 1982, he became a precious metals salesman at J. Aron & Co., a small commodities trading firm which was acquired by Goldman in 1994. After leading Goldman's currency and commodities divisions from 1994 to 1997 he was named heir apparent despite ranking third in the corporate hierarchy. He served as the president and chief operating officer from 2004 to his ascension to chief executive. Almost immediately after Blankfein assumed the head of the company, the financial crisis of 2007-08 hit the banking industry. His role and handling of the crisis was widely praised and criticized by media outlets making him a public figure. After the Federal Reserve implemented dovish monetary policies and the U.S. Treasury bailed out the company, Blankfein took advantage of low interest rates to undercut competition from other investment banks and established Goldman Sachs as the second largest investment bank in the U.S. as others either went bankrupt or fell to acquisition. Blankfein was twice named one of the most influential people in the world by Time magazine and won the Financial Times Person of the Year award in 2009. According to Forbes magazine, his net worth is estimated to be US$1.1 billion as of July 2017. His total compensation package for fiscal year 2016 was estimated to be $22.3 million.

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