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Wednesday, April 7, 2010 as of 11:14 AM ET

Gary Cohn

Gary Cohn

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Goldman Looks to Revamp Blankfein's Image

It's being billed as the biggest salvage job on Wall Street—and it has nothing to do with preventing another meltdown at troubled mega banks Bank of America (NYSE:BAC) and Citigroup (NYSE:C).

Rather, it's about preserving the job—at least for a while—of Goldman Sachs' chief executive Lloyd Blankfein.Goldman's (NYSE:GS) board has directed new public relations chief Jake Siewert to begin to reshape Blankfein's image—battered and bruised by three years of bad publicity and Blankfein's uneven performances before Congressional committees investigating the firm's role in the financial crisis.According to people close to the firm, Siewert understands the difficulty in creating a new image for Blankfein and the necessity of the task: Goldman's board believes it has no choice but to keep Blankfein in the job to prevent a civil war between competing factions at the firm, according to people with direct knowledge of the matter.As one senior Goldman executive told FOX Business: "There will be all-o...

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  1. Goldman On A Muppet Hunt After Ex-Employee's Critique

    After an employee quit with a highly publicized critique of its culture, Goldman Sachs Group Inc. (GS) has been scouring emails and other internal communications for...

  2. Goldman Hunts for 'Muppets' in Emails

    A week after the very public and controversial resignation of former employee Greg Smith , Goldman Sachs (NYSE:GS) is reportedly scanning for the word ‘muppet’ in in...

  3. Shareholder Demands On Executive Pay Getting Mixed Results

    As Occupy Wall Street marked its six-month anniversary, the Securities and Exchange Commission told Goldman Sachs Group Inc. (GS) and J.P. Morgan Chase & Co. (JPM) t...

  4. One Jilted Employee in a Firm of 35K

    Greg Smith's may very well go down as one of the most infamous Wall Street resignations in history after his blast of Goldman Sachs (NYSE:GS) on Wednesday sent shock...

  5. Goldman Employee Blasts Firm, Resigns in Protest

    An outgoing Goldman Sachs (NYSE:GS) employee unleashed a scathing Op-Ed on Wednesday that criticized the Wall Street firm as full of self-interested people who care ...

  6. Blankfein May Step Down From Goldman As Early As This Summer -Fortune

    DOW JONES NEWSWIRESLloyd Blankfein might step down as chief executive of Goldman Sachs Group Inc. (GS) as early as this summer and president and chief operating offi...

  7. Goldman Sach's van Praag To Retire In March -Memo

    It's official. Goldman Sachs Group Inc.'s (GS) colorful and sometimes controversial head of communications, Lucas van Praag, is retiring at the end of March.A memora...

  8. Goldman's Blankfein Receives $7.2 Million Stock Award For 2011 -Filing

    Goldman Sachs Group Inc. (GS) granted Chief Executive Lloyd Blankfein restricted stock valued at $7.2 million as of Friday's close as part of his 2011 compensation.T...

  9. Goldman's Blankfein Receives 24,249 Shares Vested From Prior Awards -Filing

    Senior executives of Goldman Sachs Group Inc. (GS) received another installment of stock awarded in previous years, including 24,249 shares for Chief Executive Lloyd...

  10. Goldman's Mullen, Global Head Of Credit, To Retire - Memo

    Goldman Sachs Group Inc. (GS) said Donald Mullen, Jr., global head of credit and mortgage businesses within its securities division, is retiring.Mullen is a partner ...

  11. Obama Facing No Support From Wall Street Execs

    President Barack Obama continues to enjoy support from a core group of financial executives,  particularly in the hedge fund business, but his support at major Wall ...

  12. Gasparino: Goldman Plans Major Expansion in Singapore

    FBN’s Charlie Gasparino on Goldman Sach’s plans to cut costs, particularly in the U.S., while expanding overseas.

  1. Goldman Sachs CEO's 2011 Compensation Valued At $12Mln

    Goldman Sachs Group Inc. (GS) Chairman and Chief Executive Lloyd Blankfein's total compensation for 2011 fell 35.5% to $12 million as the securities firm had its lea...

  2. Goldman CEO Blankfein's 2011 Compensation Jumps to $16M

    Goldman Sachs Group Inc Chief Executive Lloyd Blankfein's compensation increased 14.5 percent to $16.2 million in 2011 despite a sharp decline in profits and share p...

  3. Gasparino on Muppet Movie Referrals in Goldman Emails

    FBN's Charlie Gasparino on Goldman Sachs continuing to investigate Greg Smith’s claims over malicious talks in emails.

  4. Blankfein Looking to Remain at Goldman for One More Year?

    FBN’s Charlie Gasparino on Goldman Sachs CEO Lloyd Blankfein telling people he wants to remain at the bank for at least one more year and has the backing of the Board.

  5. Goldman Names Schiro Lead Director As Two Others Retire From Board

    Goldman Sachs Group Inc. (GS) said James J. Schiro, a former insurance executive, will become its new lead director and chairman of its board's corporate governance ...

  6. Goldman Looks to Woo Investors in India

    Executives of U.S. investment bank Goldman Sachs (NYSE:GS) are due to take their Indian charm offensive to the capital, New Delhi, on Friday, sources said, after cou...

  7. Report: Goldman Mulled Stripping Blankfein of CEO Title

    Worried about a shareholder proposal aimed at splitting the CEO and chairman roles, Goldman Sachs (NYSE:GS) reportedly considered reducing controversial CEO Lloyd Bl...

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