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Former Goldman CEO Blankfein Does Not Return to Rescue Troubled Bank, But Offers Informal Assistance to Current CEO Solomon

Lloyd Blankfein
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Overview

  • Blankfein did not offer to return in an executive role, but is concerned about Goldman's performance.
  • Blankfein offered informal help to Solomon, who faces criticism over the bank's finances and his personal conduct.
  • Some partners want Solomon out, believing performance will improve but not enough to save his job.
  • Potential successors include Scherr, Esposito and Nachmann, but Solomon remains CEO for now.
  • Blankfein is disturbed by Goldman's performance but is not returning to his old role.