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Charlie Gasparino right now situation going on at Goldman Sachs Charlie joins us.
And -- there was a customer survey and and they like Lloyd Blankfein and they wanted to stay atop the company able to CEO and the chairman's role.
Is this is what I mean I guess I would ask is this what's going to happen the government obviously -- to get involved in the general does that involve their having court.
-- could just unpack this of the -- sex.
Just recently completed a client serving at all it's declines asking him.
Do we do a good job servicing you as you recall.
-- -- -- been under a lot of pressure over the past year for.
Not doing the right stuff to their -- members selling those blanking blank investment -- Carl Levin -- -- noted that during those.
During those hearings to their clients the whole abacus deal never that was a deal where they sold.
Clients is this this investment that was completed but that was put together by short fellow who was betting against it.
That close Goldman Sachs 550 million dollars.
Amid all this they did a survey this stuff this beat the results are in there was some criticism of management but overall we are told Fox Business Network -- -- That you know management gets pretty good marks from the clients that despite all this dead dead dead Lloyd Blankfein CEO Gary -- That the presidents -- guys that run the firm get fairly high marks I would point out this.
IIS and senior people there you know -- didn't Wear their calls for -- for Blankfein to split the role of chairman and CEO member amid all this.
You know people were saying maybe you should -- -- in order to have better corporate governance you should split those two roles I believe Goldman -- aside -- JPMorgan is the only major bank.
That doesn't have a separate chairman and CEO corporate governance experts like it.
Because you have a chairman a kind of watches over the store -- the CEO.
Basin and is affirm what they're telling me is that there if you look at this survey.
They it was -- statistically significant in terms of criticism of management on that level that you need to split that role I should make this point to.
They did not ask the question specifically Fox Business Network -- like for example no one to know when asked what they were doing this survey.
And the -- was conducted I should point out by the Boston Consulting Group no one asked specifically.
Do you think the role should be be to be split up so that's kind of the interesting thing here.
You know these surveys are fascinating when they're done internally because you know you get -- somewhat of of an idea of what clients are saying about the company.
Goldman does plan to two released a survey.
So I believe in January but he has a thing if they're gonna get criticized on this.
Because this is a management service member golden hires.
The BBC need -- -- posting that -- the group to do this you know there is a conflict of interest here and as I said.
In terms of -- finds -- splitting up yes Golden's gonna go out there and -- that you know there -- -- acquire all of -- of a call to split the job among the clients.
But guess what they declines were not asked that specific question.
So it's really adjusting the details are still wish we still try to work this out the -- did not know exactly call me up and handing the survey.
I'm making calls on stuff.
But it's pretty -- -- at least according to Goldman the clients are behind management think they do pretty good job servicing clients.
It's by William Hurt and there isn't a specific call for a vote for Blankfein -- split up that job which.
Right so Charlie if they did split the CEO and chairman.
Role -- finally hold on the CEO of the day to day operational role correct any other names being bandied about if you will to come on in and help with the management that firm -- great question I mean this in the name that I've often heard it is.
Is is it is Mike Evans who runs the runs I -- Asia for Goldman long time investment banker a lot people say they need a banker a client guy.
To deal with these -- this is remembered shareholders have given Goldman and management.
Pretty a pretty big thumbs up early in the year they said they should split that that the firmly river shareholders.
Own the stock the company does very well.
And it does very well sometimes.
Not doing the right thing by its clients so this survey is really interesting listen we're getting bits and pieces here I can wait to see the full report.
And also we have -- we have to question our viewers you know this report is bought and paid for.
It's titled my book by Goldman Sachs so -- take -- for what it's worth.
I was gonna just in the book out I must happen again I thank you jolly Fox Business -- correspondent.
Author of the new book bought and paid for the unholy alliance between Barack Obama and Wall Street.
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