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-- -- -- Lloyd Blankfein says he plans to extend his controversial reign as the chief executive at Goldman Sachs.
It's nice to know these developed a new policy.
On one of the more pressing matters affecting his employees shareholders and investors around the world and what is that.
Not gonna take away Charlie Gasparino thundering ahead Charlie alert or irony -- and -- I mean its its game back.
And that's what's fascinating about this is that.
You generally don't see CEOs wade into these sort of social issues.
I particularly feel like Lloyd Blankfein where Goldman Sachs is under tremendous amount of pressure for their business practices come -- investigation but he is done that recently.
He came out essentially in favor of gay marriage -- basically said it was a business issue.
It allows him to attract talented employees.
But I'll tell you this is -- usual and that's what he says publicly.
But behind the scenes and let me just get out some of the stuff we should -- -- around because this is a big issue affecting -- -- now.
Behind the scenes is -- it Goldman's actually book on the sex because they are telling me that the firm is being prodded and pushed.
By the social activist investors unions.
Unit people of -- these these sort of groups that really don't care about the share price.
They wanted to transform corporate America.
And make it much more much much more left -- senators on the relevant firms could be under pressure to their role in the pre if you look at look at who's forcing Jamie Dimon.
We're trying to force -- done to split the CEO and chairman well it's one of the unions.
I believe and you Google down the line that this is.
This is a pretty intense lobbying effort by unions by the SE I used this way ahead of the Teamsters is out there the AFL CIO.
Other various lobbying groups they're out there and they are they are pushing the buttons these are the same people.
That are preventing Wal-Mart from opening up in Brooklyn because of their their policy towards unions.
These are these are also.
From trying to get these these groups trying to get these companies like Goldman Sachs -- stop given to the business council.
And to the business roundtable until all these major business groups the US chamber of commerce so this is a concerted effort we're gonna see more of this -- In the future and if you want an -- Lloyd Blankfein is weeding into this -- -- -- -- Richard I'm I'm pro gay marriage I I I I I I have a I don't I advocated but you know you have to ask why a -- over major company is trying to draw the connection between gay marriage and profits.
OK and it's it's hard it's it's hard to pull I think it's hard to make that connection -- could be a way to draw talented employees to your fermenter -- seen as being more progressive on that issue and that's an important issue to the employee wanna recruit.
You when -- CEO's of major company and I agree with that.
To certain extent there aren't there are 40000.
Hooker she's -- -- more pressing him to for profits you know he has his hands full.
And he got -- as -- so why isn't coming out in favor of this and I don't know speak.
Well I I think you -- this I think Lloyd is is that I don't a little bit he's I think he would say he's socially liberal than may be fiscally conservative -- You know but IE you know generally.
You don't listen there are a lot of right wing causes out there that are coming we're not talking about gun control you guns and stuff like up the Derrick there are issues that.
-- got a right of set -- like dealing with the budget.
Doing sort of you know Stanley value issues -- less than we saw a major corporate -- did come out in favor of one of those right of center issues.
Okay leftist oh -- -- -- was the last time you seen any of those guys if -- able -- say you know.
Come out advocating.
And look what happened the other side yet can -- got pilloried.
All right thanks very much Charlie Gasparino.
So I figure terrific team.
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