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Well Goldman Sachs might be getting bad publicity right now but insiders say Lloyd Blankfein -- today at the Helm of the beleaguered firm for one more year Charlie Gasparino has a very latest on this story it was.
They -- let's face it he's doing God's work so when he quit after.
Yeah I just say you know -- -- made it cracked I think I was the first person that said he should resign that was back in 2009.
He has a resigned lot of pressure.
And if you felt that way -- I will tell -- -- -- -- -- little bit better you know not a bad guy you know a fighter and we should point out we're getting this from sources close to Goldman.
What would Blankfein is telling people is that he want to stay for another year I -- This year he does have the boards behind despite the Greg Smith column.
Despite all the controversy regarding some of the unions -- right to union pension funds that wanted to meet you replace him maybe put Gary Cohn -- -- the as as CEO or evenly split the CEO chair remember he's both.
Before we understand right now he's gonna be in that role at least he wants to and he does now have the board's support.
For a -- of the year and that's putting -- left now I would bit here though that he would be being forced out in the right back -- -- -- -- and and he and here's the other thing.
-- gonna have a strong year.
And Blankfein once who would want to go -- -- top yeah are now busy adjusting by Greg Smith all -- and we should point -- Portsmouth is the former Goldman.
Sales in the -- salesman wrote and that pretty nasty op Ed in the new York times -- you know viral everybody's talking about it talking about a lack of of ethics and a culture that you know it was all about screwing the client has visited by how you can sum up a thousand words.
Op Ed he does have a book deal.
He got one point five million dollars -- that book deal we should point out generally when you get one point five million for a book.
You got a lot of dirt on the company that you -- at a level that would have kind of I mean here's a question that now that's -- -- given used the conventional was them here's what we know about Greg Greg Smith easy it was not at that level and the other thing is this and I know this.
From people that -- that -- were privy to his conversations with publishers.
He did not go in there -- a proposal.
He went in there with him.
Doubt you know when people ask them for more stuff he was he did not have much more than that was in that article so.
You know you make a book out of that up.
Who knows I mean the question is you know does -- have more and and and yeah out of -- club conversations he said yes but one of the things why people were a little hesitant about this book.
I was seeing and you know -- candidate B got enough bids to get one point five million dollar offer was the lack of detail and that this is a guy that's you know very.
Ernest he came across as a very earnest guy a very nice kid he was but he was totally blown away with the publicity had no idea who's gonna write a book deal.
Write a book we've when he was -- that he was like you know I think I can't believe I'm here and he hasn't -- get a get a one and a half trillion dollar hasn't given much thought to.
And now that's the thing and one of the things that -- Google will Goldman watcher particularly on the stock.
If he's written -- think if he has a real killer book.
That's that's a tropical wave like I was gonna say activists I mean does that put on his career when he does step down back to be -- real problem is particular -- the kid.
Cranks up the book within the year right I mean that's one of the things Goldman is really -- he cannot doubt the Christmas yeah.
It's just a driver to get a lawyer read the -- 2012.
Bonus -- -- but that's what I think so where does this guy's book I won't tell you.
That the people that know a little bit about the book seems pretty light on the details.
Mentioned to follow very good stuff as always -- thanks so much.