Lloyd Blankfein is a leading US business administrator. He is the Chairman & CEO of Goldman Sachs & assumed both the designations in the year 2006. His invincible investment platform helps him to manage around $911.5 billion in assets.
Lloyd Craig Blankfein was born on 15th September 1954, in Bronx, NY City. Lloyd lived in a Brooklyn housing project and he was a Jewish by birth. He was admitted for primary & secondary education in public schools which were under the New York City Department of Education & attained the valedictorian title at Thomas Jefferson High School. After that, he was admitted to Harvard College & Harvard Law School.
Lloyd had suffered in his childhood & worked at Yankee Stadium in favor of the vendor. He joined Proskauer Rose after graduating from Harvard Law School J.D. degree, after that Donovan, Leisure, Newton & Irvine.
Lloyd joined J.Aron & Co. in 1982 as a salesman for precious metals in London. The company is the commodities trading unit of Goldman. He co-managed or managed the Currency & Commodities from 1994-to 1997 in the department of Goldman. In April 2002, he was selected as the Vice Chairman & he held the designation till 2004. He was endowed with the duty of the FICC & Equities Division.
Lloyd obtained the promotion of being the CEO & Chairman of Goldman Sachs in the year 2006. He accumulated a complete total of around 54.4 million USD in 2006 as one of the most important paid officials on Wall Street. Lloyd’s bonus reflected the overall performance of Goldman which said in a report his total earning was around 9.5 billion USD.
The compensation comprised a complete monetary bonus of 27.3 million USD & the rest was paid in options & stocks. As the Goldman CEO, he earned a net compensation of 53,965,418 USD that included $600,000 base salary, $26,985,474 cash bonus, $26,985,474 in sticks & $10,453,031 in options. He received 24 million USD as his compensation in 2014.
Lloyd’s career, The most important highlight career is actually the achievement of the designation of CEO & Chairman of Goldman Sachs in the year 2006.
He is married to Laura Jacobs & they have 2 sons & daughter. His younger son is an analyst at Goldman. Blankfein stays mostly on Upper West Side but has also got homes at Bridgehampton & Sagaponack. He is a self-identified Democrat & has extremely contributed to Hillary Clinton & Barack Obama’s campaigns.
The CEO of Goldman Sachs is also the Gala Chairman for the Asia Society of the Rockefeller family in New York. He is also one of the board members of the Robin Hood Foundation – a charitable body working to eradicate poverty in New York. Additionally, Lloyd is one of the board members of Weill Cornell Medical College.
Lloyd is recognized as one of the most effective and influential people in the contemporary business world. He was named the “Person of the Year” in 2009 by Financial Times. In 2011, Forbes listed Lloyd in the #43 rank in the roster of Most Powerful People of the World.