Lloyd Blankfein, Goldman Sachs' CEO, is preparing to exit the firm as soon as the end of this year, The Wall Street Journal reported on Friday.
Blankfein, 63, has steered the US investment bank for almost 12 years, outlasting calls for his departure in the aftermath of the 2007-2009 financial crisis and staying in the job even as he battled cancer. Goldman then named Harvey Schwartz and David Solomon as co-presidents and co-chief operating officers in December 2016, increasing speculation that Blankfein could be stepping down.
Blankfein, who underwent chemotherapy for cancer more than two years ago, led the firm through the financial crisis in better shape than most rivals, and the company capitalised with record trading revenues.
Nowhere was the news met with more surprise than inside Goldman Sachs. In 1982, he quit his job as a tax lawyer and joined Goldman's commodities arm as a gold salesman.
Should Blankfein stay through the end of 2018, it would cap a tumultuous and wildly successful business career of a Bronx native, who went from selling hot dogs at Yankee Stadium to becoming a Master of the Universe whose influence not only extended through Wall Street, but into the White House. Both men were promoted after Gary Cohn resigned in early 2017 to serve as director of the National Economic Council and President Donald Trump's top economic adviser.
Let's hope that 2018 is the a year ago we lose an hour of sleep to "save" an hour of sunlight at the end of the day. If some Florida lawmakers have their way, you might never have to adjust your clocks to "spring forward" again.
Walmart's grocery business faced stepped-up competition when Amazon acquired Whole Foods previous year for almost $14 billion. A test of ZIP codes in San Jose and Oakland showed the delivery option available in at least parts of those cities.
Apparently, it's Meghan's flawless facial proportions that has given her an edge over the other female royals. It seemed plausible therefore that we might get a day off work for Prince Harry and Meghan Markle's nuptials.
It is clearly anxious about its market sway, and formalizing its partnership with non-OPEC allies would give it broader influence. But despite dinner invitations and behind-closed-doors conversations, shale continues to increase output and grab market share.
The Houston Texans are subtly sending a signal to NFL players who kneel during the national anthem: Players are not wanted. At the time, it wasn't lost on many players that McNair was a major supporter of President Trump.
Prosecutors and McFarland's lawyers agreed that a sentence of 97 to 120 months would be appropriate under his plea deal . In the meantime, he also reportedly faces lawsuits from attendees and investors of the festival.
Koscielny called for unity after Sunday's galling 2-1 loss at Brighton and conceded the mentality of the players needs addressing. Meanwhile, former Arsenal midfielder Ray Parlour believes the dressing room will be lifted by the victory over AC Milan .
Nixon, an education activist, is a de Blasio ally and would be seen as testing Cuomo from the political left. Nixon's name recognition and celebrity status could mean she has a real shot at unseating the incumbent.
Nance, acquired in a trade from the Lakers on February 8, is averaging 10.0 points and 6.6 boards since joining Cleveland. Jordan Clarkson , Rodney Hood and Larry Nance Jr are averaging in double-digit scoring since they came to Cleveland.
Sneed, telling ESPN that keeping Sneed on board after multiple domestic violence incidents was "a frightful mistake in hindsight". She alleges that while they posed together, he reached down the back of her trousers and penetrated her vagina with a finger.
Man arrested for stealing the Best Actress Oscar Trophy
Her Oscar was awarded for playing an angry and bitter mother who is seeking vengeance after her daughter is raped and murdered. Once the women who had been nominated for awards at the event were on their feet, McDormand addressed the rest of the room.
Sutton urges Wiggins, Freeman to 'tell the truth'
Team Sky and Bradley Wiggins have both strongly denied that any drugs were used, or any TUEs granted, without a medical need. But Froome, one of a handful of riders to remain with Sky since its inception in 2010, says he has witnessed no wrongdoing.
11 countries sign historic free trade deal
These governments agreed on its content January 23 and by February 21 its 30 chapters were released to the public. Last month, Trump told the World Economic Forum in Davos that the USA might return if it got a better deal.
Walmart is launching its own line of meal kits
In fact, these programs require the subscription, because frequent purchases are required for supplying the necessary items. Walmart's grocery business faced stepped-up competition when Amazon acquired Whole Foods past year for almost $14 billion.
Jennifer Garner Memes Her Own Oscars Realization Moment
Jennifer Garner rose to fame in the American TV series Alias back in 2002 and still continues to wow us on the red carpet today. The star has taken to Instagram to give her take on the episode and to try to offer an explanation of what she was thinking .
Google launches Google Lens for all the android users
Another addition is better support for location discovery when you're in a building, which will use Wi-Fi Round-Trip-Time (RTT). Lens basically works as a visual search engine, using your smartphone's camera to identify what you see in the real world.
Trump 'admits' Russian Federation election meddling
Trump's proposal has raised alarm about a potential trade war that could negatively impact American industry and jobs. China, contrary to media reports, sends more than two per cent of the steel to the United States , he said.
Richard Spencer: Small Crowd and Arrests
Richard Spencer coined the term "alt-right, ' and popularized the idea of a future state exclusively for white people". Spencer said he changed his speech before of the violence outside, which he laid squarely on the Antifa protesters .
Chelsea rocked as Hazard considers Madrid switch
Hazard is undoubtedly their best player and Conte needs to play to his strengths if they want to finish this season on a high. He defends, crosses the ball, assists and scores goals in big games. 'That's a pity.