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Charlie Breaks It

Clients Want Blankfein to Keep Both Posts

A survey of Goldman Sachs’ (NYSE: GS) business practices suggests that the vast majority of clients want the firm’s chairman and chief executive officer, Lloyd Blankfein , to remain in both jobs despite earlier calls to split his duties, the Fox Business Network has learned.The study, conducted for Goldman by the Boston Consulting Group, was launched in the summer as the firm faced widespread criticism over its business practices, including a wide-ranging civil probe by the Securities and Exchange Commission over whether Goldman failed to properly disclose key pieces of information to clients to whom it sold mortgage-related debt that ultimately turned sour. Goldman later settled the case by paying a $550 million fine without admitting or denying wrongdoing.But according to a person who reviewed the survey’s findings, while there were some criticisms, senior management at Goldman, including Bankfein and his No. 2 Gary Cohn, overall received “very strong support” on many client-related ...

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  1. IMG Makes Management Changes at the Top

    FBN's Charlie Gasparino on the management changes at International Management Group to deal with day-to-day operations while CEO Teddy Forstmann goes through treatment for brain cancer.

  2. Gasparino: SEC Disputing Buffett's Interpretation of Sokol Inquiry

    FBN's Charlie Gasparino breaks down exclusive details of the SEC's probe of Berkshire Hathaway.

  3. NYSE Blames Job Losses in Nixing Nasdaq Bid

    FBN's Charlie Gasparino on the New York Stock Exchange saying job losses were one reason for rejecting Nasdaq's takeover bid.

  4. Gasparino: NYSE Estimates 1K Job Losses in Nasdaq Merger

    FBN's Charlie Gasparino on concerns over massive job losses at the NYSE in the Nasdaq merger.

  5. Were NYSE Shareholders Cheated?

    FBN's Charlie Gasparino on the impact on shareholders of the New York Stock Exchange’s rejection of the Nasdaq bid for a second time.

  6. Will Raj Rajaratnam Testify?

    FBN's Charlie Gasparino says hedge fund manager Raj Rajaratnam will not testify in the insider trading trial, according to sources.

  7. NYSE Rejects Takeover Bid from Nasdaq

    Janney Capital Markets Analyst Jody Lurie and FBN's Charlie Gasparino weigh in on Nasdaq's buyout rejection from the NYSE board.

  8. How To Define Insider Trading

    FBN's Charlie Gasparino and Fmr. SEC Attorney Elizabeth Nowicki try to define insider trading.

  9. Gasparino: Sources Say NYSE Board Likely to Deny Nasdaq's Bid

    Sources tell FBN's Charlie Gasparino that the NYSE board is considering moving up its meeting to discuss the Nasdaq's takeover offer, and is likely to reject it.

  10. Why AIG Failed

    Author and Fmr. NY Post journalist Robby Boyd argues Hank Greenberg's removal from AIG was pivotal to the company’s fallout.

  11. Grasso: Bidding War Likely for NYSE

    Fmr. NYSE Chairman Dick Grasso weighs in on the battle for the NYSE.

  12. Grasso on Nasdaq's NYX bid

    Fmr. NYSE Chairman Dick Grasso weighs in on the battle for the NYSE.

  1. Level Global Comes into Play in Hedge-Fund Trading Probe

    John Kinnucan says he knew something was wrong over at Level Global, one of a handful of hedge funds at the center of the government’s massive insider trading probe,...

  2. Charlie breaks it

    FBN’s Charlie Gasparino discusses the fallout of his reporting on Merrill Lynch brokers leaving over the company’s changing culture.

  3. More Anti-Regulation Comments From Jamie Dimon?

    FBN’s Charlie Gasparino on reports JP Morgan Chase CEO Jamie Dimon will speak out against government regulations when the bank’s earnings are reported.

  4. Gasparino on Brokerage Desk Blackout, NYSE

    FBN's Charlie Gasparino breaks down details of the Merrill Lynch brokerage desk blackout and the latest on the Nasdaq's bid for the NYSE.

  5. Gasparino: DOJ Upset Over Nasdaq CEO Antitrust Comments

    FBN's Charlie Gasparino breaks down why the Nasdaq's bid for the NYSE could be in jeopardy.

  6. Cohen Brushes off Government Probe of SAC Capital

    FBN's Charlie Gasparino on the insider-trading probe of SAC Capital and its defense by founder Steven Cohen.

  7. Nasdaq Woos Investors

    FBN's Charlie Gasparino on Nasdaq CEO Bob Greifeld meeting investors for NYSE bid.

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