Inside Goldman, A Battle Over CEO Succession Brews

Lloyd Blankfein

Goldman Sachs CEO Lloyd Blankfein is feeling pretty cocky these days, and having survived four years of post-financial crisis tumult and investigations, he’s telling people he expects to be around in the top job for some time.

All of which has sparked a nasty power struggle among warring camps inside the big Wall Street firm as to who will be Blankfein’s long-term successor, FOX Business has learned.

If Blankfein should leave tomorrow his 'emergency' replacement would be Goldman’s president, chief operating officer and Blankfein’s number-two, Gary Cohn, according to people with knowledge of the matter.

But these sources say Goldman's longer-term succession plan is more uncertain; that’s where Cohn is locked in an intense battle with J. Michael Evans, a vice chairman who made his mark inside the firm running Goldman's successful Asian unit, people close to the firm add.

Hit the link below to access the complete Fox Business article:

Inside Goldman, A Battle Over CEO Succession Brews

J.P. Morgan’s Changing Business Model

More Losses Could be in Store for the Markets

image: © Fortune Live Media

JefferiesAnd the Best Place to Work in the global financial markets 2017 is...

Register for Financial Markets News Alerts