Goldman CEO Blankfein said to be preparing to step down


Goldman Sachs Chairman and CEO Lloyd Blankfein speaks at the Bloomberg Global Business Forum in New York, Sept. 20, 2017.

ReutersLloyd Blankfein could step down as Goldman Sachs Group Inc. chief executive as soon as the end of the year, the Wall Street Journal reported on Friday, swiveling the focus to fierce competition between the two contenders to replace him.

Blankfein, 63, one of the longest-serving CEOs on Wall Street, has led what is viewed as the most powerful U.S. investment bank for nearly 12 years. He has outlasted calls for his departure in the aftermath of the 2007-2009 financial crisis and stayed in the job even as he battled cancer.

Blankfein appeared to distance himself from the Journal’s report on Friday afternoon. “It’s the @WSJ’s announcement ... not mine. I feel like Huck Finn listening to his own eulogy,” he tweeted, referring to an incident in the Mark Twain novel “Adventures of Huckleberry Finn.”

A Goldman spokeswoman declined to comment. The bank’s shares closed up 1.6 percent on Friday.


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