New Lloyd, Same Goldman

Issue 07-16-17   |   Reviewer:   Katherine Campbell, Ph.D.
Disciplines:


Abstract

Goldman Sachs' trading market share has remained flat, and revenue growth has been slow over the past five years. The company's CEO, Lloyd Blankfein, has kept the company committed to its core investment banking, trading, and investment businesses. He has also pushed some new initiatives, including increased lending and new exchange-traded funds. But in spite of some pressure, he is keeping the company focused on its core businesses, expecting profit growth as a result of economic expansion.

While most bank CEOs have remained relatively quiet on matters other than financial regulation, Blankfein openly criticized President Trump on the Muslim travel ban and the decision to withdraw from the Paris climate agreement. He has used his Twitter account to openly state positions that promote Goldman Sachs' business interests and encourage regulatory reform.





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