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Goldman Succession Drama?

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  • Description

    FBN’s Charlie Gasparino weighs in on the power struggle between Goldman Sachs’ Gary Cohn and Michael Evans.

  • Duration 3:24
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This transcript is automatically generated

Lead to demanded.

Food -- -- Charlie Gasparino appears it was -- -- force I want them to read.

If Goldman Sachs chief Lloyd Blankfein dropped dead tomorrow.

Gary -- would probably get the job.

That is true that's what -- little hesitant thank you have to.

That's what I wanted them to read -- There's a bigger internal power struggle going on about who's gonna run it now this is the interest -- thing but I did this story couple days ago I told about Gary -- the number two.

Becoming essentially the -- facto number one -- Lloyd Blankfein leaves.

The problem with this story was that it's it's only half the story the real story is if he's leaves tomorrow.

If that -- gets hit by a a bolt of lightning.

Or just gets up on the wrong side of -- want to hang out what is billions of dollars in the Hamptons.

The guy that's gonna get it on emergency basis emergency basis is Gary Kohn he's the number two the problem is long term dealers -- -- Power struggle going on and it's going on between two major players inside the firm yes it's Gary -- who represents trading part of the firm.

But the other guy that's involved in this is someone you don't hear a lot about his name is.

I was -- -- and help Goldman Sachs get a lot of the Chinese IPOs made a lot of money over the years.

This guy is the power base from the banking side and -- what I understand there is a battle Royale going on right now.

In terms of the long term who is the long term replacement for for for -- -- Blankfein between calling.

And evidence and I can tell you they both have their negatives -- both have deposits.

Up positives both of them you know Gary -- has been around since 2006 understands that balance sheet -- and anybody else.

Positive -- for Evans made makes a lot of money represents the banking -- people think.

Goldman Sachs has got to take less risks do less trading so bankers become more important that's the theory for both of them to donate what is -- negatives.

I could tell you -- because Gary is a trader.

People say it's about time that we had somebody else and in charge -- Evans is not known as a guy that.

You know he's he's known as naked really ambitious.

And as someone like well I mean I have no problem with that because -- -- equally ambitious as well but.

I I I would that is that it would in the audience -- on the phone -- -- -- you -- -- -- it the insular culture of Goldman Sachs which.

You know look at Goldman and about -- they hate the fact -- reporting this if it.

People call up later on they're gonna deny this but I tell you this is absolutely true.

That police in terms of their battles are usually well behind the scenes we got and we have some insight because I've been talking to two to.

People that worked there people that had worked there -- people that know the partners member Goldman Sachs is still many ways a partnership.

This is what they're saying.

And it's very unclear where the board is leaning organization has more internal support nobody else I mean that is one of the Kabul key things you you gotta cut out.

Like look at the dance like members recently.

It's been Lloyd.

Blankfein and Gary -- they can route Gary Condit that it didn't viewed with our -- claimant.

And maybe do -- places Evans has been kind of quiet.

But if you notice when Gary's -- will you get -- do you want the job he's very politically correct he gets in the short term but -- but you know -- Here's another thing -- doesn't show any inclination to leave.

How well that's so I -- a -- gap that's the biggest problem at -- -- -- typically in I century thanks there fully closed up.

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