Fox Business
Expand
Browse All Video
Watch Live

You're watching...

Gasparino: No Sign Blankfein Leaving Goldman Anytime Soon

Details

  • Description

    FBN's Charlie Gasparino on Goldman Sach's succession plans.

  • Duration 5:01
  • Date

Clips

Also in this playlist...

Markets Now

Auto-advance: ON

Auto-advance
View All

Transcript

This transcript is automatically generated

Who's next.

That's the question being costs -- -- inside Goldman Sachs these days senior executives there'd debate.

Whether current CEO Lloyd Blankfein will state the firm indefinitely.

Well everything comes to an end at some point because that's annual replaced Blankfein when he does sleep Charlie Gasparino has the inside details -- -- succession -- Charlie.

Give me about it is Kabila.

Again this business to shore and -- Lloyd Lloyd in.

65 years old slaughtering and it's not -- My -- on the phone calling each island.

I think -- Larry -- the house which you know -- -- conduct.

That's plan though we -- but its effectiveness and his credibility behind Goldman Sachs -- you know that does filed documents periodically.

Proxies which talk about the long term and emergencies succession plans.

You're so we go and you know Gary -- the number two.

And it's been making the rounds would Lloyd Blankfein recently -- on the Fox Business Network elsewhere discussing.

Succession and Gary.

Sidestepped a question whenever anybody has some but it'll -- -- used to board's choice if there is an emergency.

Succession OK that's Blankfein have to leave immediately.

Here's the problem that scary faces and -- this.

That there is no sides.

There's -- is leaving any time soon.

We should point out the latest 5556.

I believe can check the exact -- but in that range Kerry's 52 how you Charlie about tobacco but.

And that police it would -- -- quandary having Deloitte like by Expedia yeah.

I don't think Gary -- want to be there.

That is number -- -- ten -- and here's -- we out of boxes -- that -- has learned that -- actually told people.

He does not why he does -- -- want to wait years to take that job which means is that you know he could leave.

-- it up fairly resolve out I can't tell you away.

But my guess is in the guesses that I hear from a lot of people outside the place is that this guy gives it a couple more years to -- maybe three years in this number two spot.

The Floyd doesn't leave or he doesn't split the jobs of chairman C units so the possibility.

And it goes down results so what's -- just being here.

Is that yes they they make it around lately they're trying to show.

You know IT.

-- -- sort of put a good space on would be getting to be.

Just beginning but continued I should say a lot of tension in that top -- between -- And Gary really look like by Gary called the number one number two -- -- -- -- -- that top job.

And what it said they felt good on TV look behind the scenes there's a lot of the start of the a lot of I would think bitterness because Gary wants the job he -- deserves to job.

We should point -- people to the number one and number two since 2006.

They took over Hank Paulson -- -- the the bank through the financial crisis and they are where they are right now pretty good run you know what they sold this.

Usually -- is every five years between traders and investment bankers you -- as -- traders spectacle for investment bankers.

Well do you think it would be the next one will be investment banker running Goldman's but he is what problem -- because any investor banker in the place that has the stature those two.

And so they got some big -- in their favor and it looks like Lloyd.

For all the stuff they came back -- in the last couple years you know he's out of the woods now and he -- tell people want to leave -- argument.

Right reported that about a year ago so that you know he's been around -- -- same -- you know -- I've had it would displace so.

That's where we are right now I'd say they're try to put a good base out of but it is an interest being.

So that -- -- situation.

-- indices that Goldman Sachs.

So stake Helling does get tired weight around in the number two spot where with -- likely new job beef for credit -- yes yeah.

It ought to -- that reported that you know he's always -- Side doing it -- but there's something like that -- -- -- -- -- -- -- -- incredibly talented -- -- -- He's very well it definitely got people like that generally -- -- -- jumped three Gary -- he's 52 years old and he's got a award career left.

And the people I know like Gary -- they don't like being number two prayer you know shot back.

When he was number two to Phil Purcell what they did the deal.

Fact -- 2007 that merged Morgan Stanley which John was the number two at although -- Fisher was slowly leaving.

Having merged it with that dean Witter which still Purcell -- of pre Morgan Stanley dean Witter which is kind of the first they have now.

John Mack wanted a state by years and BC EO they had a handshake agreement we should point out that back -- had told me.

I reported this went back away and that Phil Purcell in -- -- that handshake agreement and that's flight back.

It was a 2001.

Left for another -- So five years is usually about time these number twos start getting -- I'll tell you at Goldman Sachs were well -- Thank you Charlie coming to this studio org started take it personally what are these -- wrong it is Carter.

Load More