Trouble at mill ?
The New York Times reports that inside Goldman Sachs, Gary D. Cohn is the man who is waiting and waiting - to be king.
He has long been considered the heir apparent of Lloyd Blankfein, who has been the chairman and chief executive of the elite Wall Street firm since 2006. But Blankfein has shown few signs that he is ready to step aside, Goldman insiders say.
After steering the firm through the financial crisis and surviving a firestorm over allegations that Goldman had bet against its own clients, Blankfein, 58, now appears to be enjoying himself. He has become an elder statesman of finance. But unlike past Goldman chieftains, he is not widely talked about as a candidate for a high-level job in Washington.
So Blankfein has regrown a beard and come to embrace the limelight, giving speeches on gay marriage and education, and attending celebrity Oscar parties. He often jokes that he plans to die at his desk.
It is no laughing matter for Cohn, who as Goldman’s 52-year-old president is the Prince Charles of Wall Street, a man for whom the crown seems just beyond his grasp. Cohn is growing increasingly restless, according to friends and colleagues. Some inside Goldman wonder if he will depart if Blankfein doesn’t move soon.
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