Lloyd Blankenfein

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Goldman’s Blankenfein: ‘A systemic lack of skepticism’

Apr 08, 2009By

Remarks delivered yesterday by Goldman Sachs [stock GS][/stock] CEO Lloyd Blankenfein don’t quite get into the mea culpa territory, but clearly get the closest any major Wall Street executive has come to saying “I’m sorry.” Speaking at the Council of Institutional Investors’ spring meeting in Washington, Blankenfein covered a litany of financial market sins behind the current crisis, and suggested that executive compensation plans should change to better incentivize risk management going forward.

3d rendering of a row of luxury townhouses along a street

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