Goldman confident of managing throughout CEO's illness

Lloyd Blankfein

As Lloyd Blankfein embarks on a battle with lymphoma, investors and colleagues are taking comfort in his resilience, the recent example of Jamie Dimon and Goldman Sachs’s roster of veteran leaders.

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'.

To access the complete Bloomberg News article hit the link below:

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