Lloyd Blankfein’s emotional farewell to Goldman Sachs staff

The Goldman CEO has bowed out with a message telling staff what he will miss most about the firm


Source

Lloyd Blankfein, outgoing CEO of Goldman Sachs

When I’ve been asked about succession in the past, it’s always hard for me to imagine leaving. When times are tougher, you can’t leave. And, when times are better, you don’t want to leave.

Today, I don’t want to retire from Goldman Sachs, but by my own perhaps convoluted logic, it feels like the right time. I am very optimistic that our firm has tremendous opportunities ahead and will continue to earn its distinctive position. Few things in life are granted, but I am very proud that dedication, drive and focus continue to define this institution on the eve of its 150th year.

Thirty-six years at Goldman Sachs and over 12 years as chairman and CEO is a long time. As I get distance from my role, I suspect that people will ask me what I miss most about the firm and the special opportunity to lead it.

I already know the answer: all of you. The people of Goldman Sachs have always been our most differentiating strength.

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