Bloomberg News reports that Blankfein, Goldman Sachs’s chief executive officer, said in a statement Tuesday that he has a 'highly curable' form of lymphoma and will undergo chemotherapy in New York over the next several months.
The 61-year-old said he will lead the bank 'substantially as normal' while reducing his planned travel.
Goldman Sachs’s management team features a president who’s been with Blankfein since he took the top job, a handful of 30-year veterans of the firm, and co-heads in each major division that have been in their roles since before the financial crisis.
'Blankfein obviously is a great leader, but they have a very deep bench of senior management with Gary Cohn probably at the top of it', Paul Gulberg, an analyst at Portales Partners, said in a phone interview. 'It’s a very sad event for any individual or a company, but from a business perspective, I think they’re very well set'.
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