Goldman CEO Lloyd Blankfein was interviewed by Jeff Cunningham, professor of global leadership at Thunderbird School of Global Management and they discussed the company’s role in the financial crisis, corporate governance, and protecting firm reputation in this decidedly anti-business environment.
Here are just two of the soundbites:
Several of your predecessors went onto prominent government service. Is this part of the culture?
When I first became a partner at Goldman Sachs, a senior partner had a chat with me and said two things: “You’re expected to keep all your shares in the firm” and then, “When your epitaph is written, and it’s nine paragraphs long, no more than two should be about your career at Goldman Sachs.”
What are the skills and expertise you look for in members of your team?
We look for wise people who are very successful and who have lived through stressful moments and came out the other side. Specific things: we try to make sure that we get diversity so that it reflects the diversity of our businesses and our people. And, frankly, we try to reflect the areas in the world in which our business is growing.
Hit the link to the complete Thunderbird School of Global Management interview below: