Also in this playlist...
This transcript is automatically generated
And now we need to get to Charlie Gasparino and Goldman Sachs you know Charlie yesterday the story was that they have a so called emergency plan of not forbidden Lloyd Blankfein -- to.
Have to leave or pass -- I.
Isn't that what I didn't wanna say it but I'll -- wanted -- -- Blankfein.
Please -- what's in front of you if Goldman Sachs -- -- -- Blankfein drop dead tomorrow.
The firm's -- -- replacement as you know from yesterday's.
It's what -- anyway it's OK -- caliber Q would be it would be.
As you know your buddy Gary Cohn who -- yes and you you interviewed a couple weeks ago.
Apps I said he bought that he said he might be how -- years that followed school -- -- after I did that story you know I got some calls from former Goldman executives.
People that are close of the firm.
People -- know exactly what's going -- intern in there and the the internal politics of succession.
-- is just a little more die you see that can then that initial report yes if Lloyd Blankfein doubt emergency wise.
The number two guy is Gary -- he steps it but there's a longer turn -- longer there's a battle for the long term succession.
Of Lloyd Blankfein going on right now and it does -- Gary Cohn the president is also involves.
From what I understand this guide to.
Asia he's he's currently -- -- some -- global you know -- markets I think that means he runs everything but the trading pits and he this guy is is a top investment banker he's a formal presence in that firm.
From what I understand is this lives -- you could take some credit for this.
Following Blankfein public statements -- want to stay around awhile following Cohen basically going out there saying -- he he wants the job.
There is being an internal that that is ratcheted up the eternal battle so what do I mean by internal battle.
Both Evans and -- -- jockeying for position.
Basically turning to the Goldman's partners this is inches is one of the firms that still has partners.
Right out of parts of public company but these partners are part of that they get a bigger share of the bonus pool -- a senior people they often influence to board.
And what -- -- doing right now both of those guys is lining up support among those partners.
I could tell you that if you're gonna is -- want to -- who was more.
Annoyed lease is it and and hurt.
-- felt hurt by the by the statements by Blankfein that he's going to be -- wild and by the way that just means.
You know -- it's on his terms you know the pressures all following all the regulatory inquiries in the congressional.
Investigations into Goldman's role that a financial crisis which we don't have to go through here we do a lot of stuff on that.
But you know Evans was most hurt by that you know because he he really wants that job so -- Gary as you know but from what I understand -- -- heard those statements.
He was pretty put put back and you know we'll leave leave the firm.
I have people are talking about that internally that even that he might go that be if he doesn't if Lloyd basically signals that he's gonna be there if -- you know until it.
Until the you know you know whatever.
Toll that this isn't gonna say eyes have natural causes at age 99 but -- anyway we should point out that door all you relatively young men.
I believe Lloyd is 58.
Evans from what I understand them as my -- -- as you can tell I'm not big on earpieces.
Evans is Evans is 56 I believe.
Gary Cohn is 52 all relatively young guy so.
Theoretically -- and their children well for -- don't they are because you know what they you know Lloyd if you want to stayed out of the pressure's off.
I mean -- 5865.
That's a long time for these.
Guys you know they want to just -- And -- it just seems like Gary -- has been in the sky high you just say it was a delight Jim Hughes from Cleveland and and the regulator -- -- -- I think that they don't -- current type -- -- -- that you could something else but you know that with college insane.
There are all anti Semitic not kept how could that be possible obstacle up but what you don't know -- as a rich history of of washed running into Corzine and and Paulson but -- anyway we should point out that's the would I gotta get into the ethnic history of Goldman Sachs here.
But -- -- it's very interesting you know Michael Evans I will tell you.
You know -- I just wrote a story on foxbusiness.com.
You can go -- kind of lays out the case humble the negatives -- -- -- with the positives on both of them is that they're both via Smart guys -- negative uses.
You know Goldman may be moving away from the trading model right because -- take less risk.
That's that that involves Gary -- Evans is considered like bully and the ambitious estimate -- -- -- so we puts off some of the partners that he needs out of -- so that's what you got here and it's -- -- I was -- you know the stuff at Goldman always occurs behind the scenes.
You don't have to -- but -- we're giving you a little insight into it it is and it does get pretty nasty for when -- Stan well you want to -- you go to Charlie Gasparino -- -- -- on your website right now reading the foxbusiness.com.
Article right there right you're reading Charlie's article -- -- Julianne turn right -- to she's so full that it's enough money.
-- off all right when we come.
Filter by section