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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