Blankfein responded that Sanders' campaign had "the potential to be a dangerous moment. Lloyds net worth and salary will undoubtedly increase in the future as he is a hardworking and driven individual. About: Laura is the middle child of Jamie Dimon's three daughters. About: She's an accomplished equestrian competing in Grand Prix show jumping. The Brooklyn native has grossed a net worth ofmore than $1 billion - begging the question: How did the rags-to-riches CEO make that billion? ", "Lloyd Blankfein Prepares to Exit Goldman Sachs as Soon as Year's End", "It's the @WSJ's announcementnot mine. A Roth IRA is a fantastic tool to build wealth with. [21] On May 30, 2006, U.S. President George W. Bush nominated Paulson to serve as the 74th United States Secretary of the Treasury which prompted Paulson to establish a succession plan. Still, the billionaire didn't always have laser-focus. [33], On March 15, 2018, Blankfein issued an internal memo advocating for complete gender parity among its workforce. The content However, later on, the firm was acquired by Goldman Sachs. Next, she worked with Conde Naste's Women's Wear Daily, before moving on to create Chelsea Print & Publishing. "This is a tough job to decline or turn away from," Blankfein told New York Magazine in 2011. About: Emma Lasry is also a singer. She balances horseback riding with her studies at Harvard, where she's a Human Development and Regenerative Biology major. [48] During the Obama administration, he visited the White House a total of 14 times. WebLloyd Blankfein, who is an American investment banker and former Goldman Sachs, has a net worth of $1 billion. Amazing. These seven investments are high-risk, high-reward stocks. ", Related: Goldman Sachs names David Solomon as next CEO. [16][17][15] When then chairman Stephen Friedman[18] appointed Henry Paulson as his successor, Blankfein was soon tasked with managing or co-managing the company's currency and commodities divisions from 1994 to 1997. He was married to Laura Jacobs and had three children of his own, which clearly indicates that he is not gay. Find thousands of job opportunities by signing up to eFinancialCareers today. The company is focused on creating readable, decorative books, which also donate a portion of their proceeds to a related NGO. According to Greg Smith, the disillusioned VP who left Goldman Sachs last year and wrote a book about it, top financiers have been urging their offspring to sidestep the industry entirely and to go for science careers instead. Web$55 Million Lloyd Blankfein Bio/Wiki, Net Worth, Married 2018 Its been asserted the total sum of Lloyd Blankfein net worth has an approximation of 450 million dollars. [4][5][6] His salary at Goldman Sachs in 2018 was estimated to be $24 million. , worked in Institutional Rate Sales. She has some pipes.). Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Also, there's a photograph of Stan Druckenmiller at Coachella with his daughters and wife. According to some online resources, Lloyd earned a total of $54.4 million as his salary. Growing up in the Linden Brooklyn projects, and born in 1954 to a working-class family, Blankfein was a far-shot from his eventual billionaire status. "[53], At the start of 2012, an international inquiry into the average of interest rates of London known as the London Interbank Offered Rate (Libor), found that there was systemic manipulation by various bulge bracket banks for profit. According to The New York Times, he said that lessons from the global financial crisis included the need to "apply basic standards to how we compensate people in our industry". Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. [41] Later that day, Blankfein tweeted "It's the @WSJ's announcementnot mine. It appears that she competed in horse shows in the past. During late 2008, the crisis led the Federal Reserve to lower interest rates and the U.S. Treasury to increase public spending in private banks. 2 in the office. Laura Jacobs, who works as a lawyer, is married to Lloyd Blankfein. Lloyd Blankfein was born on September 15, 1954, to Jewish parents in the Bronx borough of New York City. In March 2020, he said extreme measures to flatten the virus curve were sensible for a time but that they could crush the economy. (Boston Globe), The ultimate result of work addiction can be a dark shift in personality, with the sufferer becoming drained of empathy and compassion. After that, his family moved to the Linden Houses complex in East Brooklyn in search of a better life. All rights reserved. Under the management of music exec Tommy Mottola, the musician has developed her folk artist career. Blankfein's salary is reportedly pretty handsome. (We've seen her perform before. In 2009, he received the Financial Times Person of the Year award. Lloyd Blankfein is about to be in high demand. Career At first, Blankfein could follow his predecessors into government. Amazing. After the Federal Reserve implemented dovish monetary policies and the U.S. Treasury bailed out the company, Blankfein took advantage of low interest rates to undercut competition from other investment banks and established Goldman Sachs as the second largest investment bank in the U.S. as others either went bankrupt or fell to acquisition. [20] As president, he oversaw the 2000s commodities boom and positioned Goldman to take advantage of rising commodity prices. About: The well-heeled daughter of Bob Diamond left her job atDeutsche Bank two summers ago, Business Insider first reported. Why Jim Cramer Is Bullish On Goldman Sachs, increase revenues with new and existing customers, and consumer lending. Her recent novel is titled "Rock and Vine:Next Generation Changemakers in Americas Wine Country.". She has a black belt in Tae Kwan Do! Before this, from 2006 to 2018, he was the chairman and CEO of the company. She's involved with a group called Circle of Women that helps bring education to girls without it. He condemned President Donald Trump's withdrawal from the Paris Accord, saying "Today's decision is a setback for the environment and for the U.S.'s leadership position in the world. Last year, the two-person band released "Scrapbook," a four song EP. He instructed human resource managers at the firm to focus on employment candidates who were "strategists" or "strats," i.e., highly quantitative and technologically proficient. Almost immediately after Blankfein assumed the head of the company, the financial crisis of 200708 hit the banking industry. Here's how to pick the right funds. He is a living embodiment of the cherished American Dream, having blazed a trail from South Bronx, his birthplace, to the boardroom of one of the worlds biggest investment firms. Back in 2010, it was reported that she was an aspiring pop star. Despite setbacks, Blankfein managed to double Goldman's money-management business, and give a total share price return to investors of around 57%, reports The New York Times. "If you looked at things statistically, you looked at the numbers, you looked at the metrics, [the United States] at full employment, low energy prices, growth - a lot of the metrics are all positive.". But Blankfein, who supported Hillary Clinton in 2016 and has been critical of the president, is unlikely to find a home in the Trump administration. [51], He is a supporter of gay marriage and has been a spokesman for the Human Rights Campaign, an advocacy group for LGBTQ civil rights. In 1978, he got a J.D., or Doctor of Jurisprudence, from Harvard Law School. Worse, decisions on compensation and other actions taken and not taken, particularly at banks that rapidly lost a lot of shareholder value, look self-serving and greedy in hindsight. FILE PHOTO: Lloyd Blankfein, CEO of Goldman Sachs, speaks at the Boston College Chief Executives Club luncheon in Boston, MA, U.S., March 22, 2018. Lloyd Craig Blankfein (born September 20, 1954) is an American investment banker who has served as senior chairman of Goldman Sachs since 2019, and chairman and chief executive from 2006 until the end of 2018. Nell became famous on the Street for her tweet at a British politician telling him to #hmd(a.k.a"hold my d***) after her father resigned from Barclays amid the LIBOR scandal. Blankfein devised a plan to increase annual revenue by $5 billion within three years - it's still in progress. Unusually, Rachel didn't go for fixed income sales and trading, she didn't go for equity research, she didn't try proprietary trading, and she didn't go for M&A. Last week, Federal Reserve Chairman Jerome Powell acknowledged that increasing interest rates will "include some pain," but added that a far worse outcome would be for prices to continue spiking. Morningstar: 2019 Morningstar, Inc. All Rights Reserved. [39][40] According to the Financial Times, Blankfein earned an estimated $22.3 million in 2016. [15], Blankfein joined J. Aron & Co. in 1982, after it had been acquired by Goldman Sachs in 1981. Blankfein went to an elementary school near the Linden Housing Complex. A spokesperson for Goldman Sachs said Blankfein "has made no plans at this stage. When Harvard professors came to Thomas Jefferson to look for smart students, he was an obvious choice. [9] His father, Seymour Blankfein, was a clerk with the U.S. However, it seems that some senior bankers are still steering their children towards finance - just not to the areas you'd expect. And, it was Goldman's seemingly opportunistic moves during the financial crisis as well as stellar earnings over the years that have earned it names like "The Evil Death Star of Capitalism," and Blankfein himself the "Dr. He was the best swimmer in his high school class, so he was chosen as the valedictorian. And this was the point from where Blankfein started growing and building his professional career. Lloyd completed his graduation from the reputed Thomas Jefferson High School in the year 1971 with a valedictorian title. The 56-year-old current president of Goldman Sachs was officially named the new CEO on July 17, set to begin his tenure on October 1, 2018. entities, such as banks, credit card issuers or travel companies. Blankfein was said to have started as a consultant at Bain & Company last fall. To begin with an obvious point, much of (200708) has been deeply humbling for my industry. Arguably one of America's richest and most powerful executives is reportedly stepping down from his throne. About: Tess Druckenmiller, the daughter of Stan and Fiona Druckenmiller, is a singer-songwriter. Alexander Blankfein, Jonathan Blankfein, and Rachel Blankfein: Laura Jacobs Blankfein, an American celebrity wife, rose to prominence as the wife of Lloyd Blankfein, an American investment banker. 2023 TheStreet, Inc. All rights reserved. 4 October 1994 Blankfein's first tweet, sent in June 2017, slammed Trump's decision to exit the Paris climate accord. Private equity could be an attractive alternative amid volatile markets in 2023. You can watch it here. It's definitely a risk.". She's currently pursuing her MBA at Yale School of Management, and is on UNICEF's NextGen Steering Committee. Matt graduated from Harvard in 2006 with degrees in economics and psychology. The weathered banker has weathered the storm through financial crises and economic downturns - and has come out seemingly on top. [27][28] Nevertheless, as a precaution Blankfein hired Reid Weingarten, a high-profile defense lawyer who represented former WorldCom CEO Bernard Ebbers and former Enron accounting officer Richard Causey. Basically Goldman Sachs is trying to grow investment management as well as increase revenues with new and existing customers, and consumer lending. Times Internet Limited. The foundation is at the forefront of Goldman's push for social redemption and offers some interesting and well-paid jobs. Over the next few years, Blankfein also served as president and COO of Goldman Sachs before taking the helm as CEO in 2006. "Everybody thinks Im so sweet/ Im the girl that you love to meet/ Boys want to take me out to eat/ But little do they know Im a closet bitch.". "[59] CBS News described Blankfein as "a leading spokesperson" for the "reopen the economy" movement. [8], On March 9, 2018, The Wall Street Journal reported that Blankfein would step down from leading Goldman Sachs by the end of the year. On Monday, it was announced that Blankstein was retiring from his cozy spot at the helm of Goldman Sachs. Wall Street . Lloyds net worth Lloyd Blankfein has been on the board of directors or the board of trustees of a number of charitable organizations. When he got a job offer from J. Aron & Commodities, a relatively unknown commodities trading company that Goldman Sachs had bought in November 1981, he got a little bit of hope. A Warner Bros. Blankfein told CBS he agrees with Powell's assessment, and said some of the inflationary effects the economy is enduring now will be "sticky.". About: Tess Druckenmiller, the daughter of Stan and Fiona Druckenmiller, is a singer-songwriter. Blockchain stocks could generate big returns as companies adopt the technology. [59], Blankfein opposes a wealth tax on billionaires. The Times pointed out that corporate philanthropy is a big thing at Goldman Sachs: in 2012, the bank gave$241.3m to charity, making it the fourth-largest corporate giver in America. This shows that he has a mixed opinion about his political affiliation. Public opinion of Goldman plummeted after employees collected $16 billion in compensation, while the rest of the world reeled from 8 million Americans losing jobs, according to Bloomberg Businessweek. There is no mention of his mothers name, but his mother worked as a receptionist. For his treatment, he received multiple rounds of chemotherapy and was able to get out of risk by October 2016. She has an older sister, Julia, and a younger sister, Kara. From singer-songwriters to journalists and equestrians, these Wall Street kids are doing some remarkable things. His salary is estimated to be $55 Million. He has played his role as a chief executive and Chairman of Goldman Sachs. Being a part of the same since 2006, he has earned himself a successful position as a business executive for the company. She's involved with a group called Circle of [46] Blankfein contributes to mostly Democratic party candidates. Goldman Sachs announced Tuesday that David Solomon, the company's president, will take over for Blankfein as CEO Back in 2010, it was reported that she was an aspiring pop star. However, in Former Goldman Sachs Chairman and CEO Lloyd Blankfein said his view of cryptocurrencies has evolved after digital assets attracted trillions of dollars in value and a rapidly growing ecosystem. ABC News named him"Person Of The Week" in 2004. In 2007, he got $53.7 million in total pay. #ParisAgreement", "Some billionaires want people to go back to work. ", Related: Goldman Sachs' next CEO is a part-time electronic dance DJ, It's possible that Blankfein will wind up on a Cabinet short list down the road, depending on who's elected in 2020 or 2024, Cohan said. It's hard to finely tune them, and it's hard to see the effects of them quickly enough to alter it, but I think they're responding well. She has also interned at The Council on Foreign Relations. Once J. Aron & Company was acquired by Goldman Sachs, Blankfein quickly rose through the ranks, eventually heading up the Fixed Income, Currency and Commodities (FICC) division. She's a math-computer science major at Brown University. After Lloyd joined, he worked hard and was a key part of turning around J. Arons fortunes by securing a deal to manage a $100 million hedge fund for a client. Unusually, Rachel didn't While receiving heavy criticism, Goldman won big after buying in-trouble assets during 2009. [63][64], Blankfein is married to Laura Jacobs, an attorney and the daughter of Norman S. Jacobs, the editor-in-chief of the Foreign Policy Association publications. (Reporting by Sarah N. Lynch in Washington; Editing by Mary Milliken and Matthew Lewis). The organization raises funds to help Chinese orphans with special needs. The bank's stock is down almost 10% this year. [7], Blankfein's total compensation from 2000 to 2009 was estimated to be around $240 million. These Schwab mutual funds offer a great blend of low fees and high diversification. He also found Lloyd Blankfein's son Alex (@ablankfein), a former analyst at Goldman Sachs, on the popular photo sharing app. Last year, she got a lot of attention for a viral Daily Beast article about women avoiding getting caught going No. These renewable energy stocks are part of the future of electric power. [47] He donated $4,600 to Democratic Party candidate Hillary Clinton in 2007, and to the Senate re-election campaigns for the Republicans Rob Portman and Roy Blunt in 2015. He has a younger brother, Jonathan, and a younger sister, Rachel. This deal made J. Aron a lot of money. Business. In both 2014 and 2015, he made a total of US$24 million and US$23 million. Lloyd Craig Blankfein (born September 20, 1954) is an American investment banker who has served as senior chairman of Goldman Sachs since 2019, and chairman and chief executive from 2006 until the end of 2018. Factset: FactSet Research Systems Inc.2019. [31] Smith claimed that employees were promoted for unloading less profitable products on clients, for trading products that maximized Goldman Sachs' profits, not their clients, and trading illiquid, opaque products. Lloyd Blankfein did his primary and secondary education from New York Citys Public Schools. [52], In April 2022, Blankfein argued that revoking Disney's special status, enshrined in the Reedy Creek Improvement Act, due to the company objecting to Governor Ron DeSantis' view on Florida House Bill 1557 represents a form of government retaliation for "exercising free speech." Personal life Blankfein is married to the former Laura Jacobs. Action Alerts PLUS is a registered trademark of TheStreet, Inc. Start the year strong, access the AAP portfolio today. About: Alex has established himself as a big time philanthropist like his father. Blankfein remembers that his father, Seymour Blankfein, was fired from his job as a bakery truck driver. WebLloyd Blankfein is the Chairman and CEO of Goldman Sachs, a renowned securities and investment banking firm. [66], On September 22, 2015, Blankfein was diagnosed with a form of lymphoma. [7], Blankfein who earned $24 million from Goldman Sachs in 2018 criticized the notion that CEOs are overpaid. Receive full access to our market insights, commentary, newsletters, breaking news alerts, and more. However, by 2015, Blankfein reportedly owned $450 million worth of Goldman, having over 2 million shares in his possession from the bank's IPO in 1999. Sign up for our newsletter to get the latest stories in hedge funds, PE, fintech, and banking delivered daily to your inbox. As a student, he's a big political donor, too. in history in 1975. Business Insider was told by insiders that she stood out at the firm because of her Christian Louboutin red soles. About: Caroline is also an accomplished singer-songwriter and guitarist. These ETFs offer higher-than-average yields, which may be suitable for income-seeking retirees. "I don't know what I would want to do, but I know I want to do something," Blankfein said in Boston in March. While Blankfein was still at J. Aron under Goldman, the young banker allegedly designed a $100 million trade - the biggest that Goldman had ever handled at the time, according to Fortune. "[42] On March 12, Goldman announced that Harvey Schwartz, the company's co-chief operating officer and president would be resigning, leaving David Solomon as the second-in-command. House In 2016, Lloyd sold his Hamptons home for $14 million. degree from Harvard Law School. After that, he was treated with chemotherapy. Age/How Old: He starred on reality TV series "NYC Prep"when he was 18. Speaking on "Face the Nation" on CBS, Blankfein said a recession is "a very, very high risk factor.". and have not been previously reviewed, approved or endorsed by any other established himself as a big-time philanthropist, pursuing his doctorate in modern European history, She sings and plays piano and guitar for her band, her tweet at a British politician telling him to #hmd, Here's The JPMorgan Summer Reading List . [1] Previous to leading Goldman Sachs, he was the company's president and chief operating officer (COO) from 2004 to 2006, serving under then-CEO Henry Paulson. (The Times), How Dodd Frank is creating an FX night shift in London. on this page is accurate as of the posting date; however, some of our partner offers may have expired. She released an album called "Storyteller" in March. He has a younger brother, Jonathan, and a younger sister, Rachel. "There's a path. They are living a happy and well-settled life. Katie Dinan is a young rider to keep an eye on. She has written and produced four of her own albums, and performed in a ton of venues including Madison Square Garden and Carnegie Hall. About: Matt lives in the San Francisco Bay Area and is the CEO and chief of product of Endless Mobile, a company that buildssmartphone software for the needs of the developing world. However, despite his illustrious career at the helm of Goldman Sachs (that saw the bank through the darkest of times), Blankfein, a cancer survivor, announced he will be retiring. "Some on Wall Street forgot that behind every dollar traded or leveraged, there is a family looking to buy a house, pay for an education, open a business or save for retirement," the president scolded to bankers at Cooper Union in 2010. [68][69], Senate Permanent Subcommittee on Investigations, FT and Goldman Sachs Business Book of the Year Award, "Blankfein isn't planning to die at his desk at Goldman, after all", "Master of risk who did God's work for Goldman Sachs but won it little love", "Here's what the CEOs of the world's biggest banks earn", "Meet Goldman Sachs's Newest Billionaire: the CEO", "Billionaire dodges when asked if "tribalism" tweet referred to Elizabeth Warren's heritage", "Lloyd Blankfein takes pay cut at Goldman Sachs", "Lloyd Blankfein: The prince of casino capitalism", "Lloyd Blankfein Was a History Major. Still, Blankfein has been vocal about his dislike of some of Trump's policies, famously using his first-ever tweet on Twitter back in 2017 to slam the president's decision to withdraw from the Paris Agreement. (Quartz), Average salary for mid-level compliance staff is now72,166. Blankfein has been a spokesperson for the Human Rights Campaign, speaking out strongly in favor of gay marriage. REUTERS/Brian Snyder, California Do Not Sell My Personal Information Request. I then drink half of what is left, and pass it back. Reportedly, the bank is allowed to pass due to considerations forits recent losses with the tax bill enacted by Congress. At the end of 1982, he moved to London to trade commodities from J. Arons bullion sales desk. He has also shown active participation in the political field and has been a contributor to the Democratic Party candidates. He has a younger brother, Jonathan, and a younger sister, Rachel. WebRachel Blankfein Associate New York, NY. Blankfein first worked for the law firms Proskauer Rose and then Donovan, Leisure, Newton & Irvine. In 1982, he joined the commodities trading firm J. Aron & Co. as a precious metals salesman in its London office, after J. Aron was acquired by the investment bank, Goldman Sachs. [56], During the coronavirus pandemic, Blankfein consistently and repeatedly called for loosening coronavirus response measures and reopening the economy. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. [58] At the time, he wrote, "Is the public health benefit from broad lockdowns at this point worth such extreme damage to livelihoods? Copyright 2023. #ParisAgreement". In the past, she worked as a program analyst for the Clinton Health Access Initiative in Pretoria, South Africa. "I'm still looking.". In 1975, he got his B.A. He said he was cancer-free about a year later after chemotherapy treatments. Blankfein lives in Manhattan with Laura. Some followed the family business path, while others strayed into new passions. Lloyd worked his way up at J. Aron, and by 1994 he was co-manager of Goldman Sachs Currency and Commodities Division. Later, he was made vice-chairman and put in charge of the Equities Division and the Fixed Income, Currency, and Commodities Division.. He worked as a lifeguard and sold soda and hot dogs at Yankee Stadium so he could pay for high school and have some money for himself. His pay at Goldman Sachs was expected to be more than $24 million in 2018. The compensation included a cash bonus of $27.3 million, with the rest paid in stock and options. [13], Blankfein first worked for the law firms Proskauer Rose and then Donovan, Leisure, Newton & Irvine. About: Emma Lasry is also a singer. She's currently pursuing her MBA at Yale School of Management, and is on UNICEF's NextGen Steering Committee. About: Rachel is a student at Harvard University. Business Insider was told by insiders that she stood out at the firm because of her Christian Louboutin red soles. About: The well-heeled daughter of Bob Diamond left her job at Deutsche Bank two summers ago, Business Insider first reported. Under the management of music exec Tommy Mottola, the musician has developed her folk artist career. You have entered an incorrect email address! He was paid a base salary of $600,000 with a total compensation package of $54.4 million in 2006 as the highest-paid executive on Wall Street. All content of the Dow Jones branded indices S&P Dow Jones Indices LLC 2019 and/or its affiliates. In his first year as CEO, he got $27.3 million in cash and the rest in the form of ESOPs, which are employee stock options. Hank Paulson, the CEO before Blankfein, left in 2006 to join the Bush administration as Treasury secretary. But how did Goldman Sachs CEO Lloyd Blankfein make his more than $1 billion net worth? Lloyd Blankfein was lucky that the Senate Permanent Subcommittee on Investigations did not charge him with intentionally misleading them. She graduated from Columbia University's Graduate School of Journalism in the spring of 2013. The Most Important Ages for Retirement Planning: Age 59 , The Most Important Ages for Retirement Planning: Age 65, The Most Important Ages for Retirement Planning: Age 66, The Most Important Ages for Retirement Planning: Age 70 . In 2011, the subcommittee accused Goldman of tricking clients into making complicated investments based on mortgages in 2007. (The Times), Chinese financial institutions could lease more than 2 million sq ft of office space in the City of London in the wake of less stringent conditionsannounced by George Osborne, accordingto Savills. But Goldman's trading division's performance plummeted the following year (becoming worst-in-class). Rachel's account is now private and Jonathan, who appears to Birth Place: Well, Lloyd Blankfeins age is 68 years old as of todays date 12th January 2023 having been born on 20 September 1954. Through his time at Goldman Sachs, Blankfein accomplished several astounding feats, including carrying the bank through the 2008 Financial Crisis, consistently reporting strong numbers, and sticking it out as one of only two bank CEO's from the 2008 Financial Crisis (the other is JPMorgan's The couple is blessed with two sons, Alexander and Jonathan Blankfein, and a daughter, Rachel Blankfein. Someone in elementary school told him that he looked like a Philadelphia lawyer. This made him want to go to Harvard Law School. Despite successfully delivering Goldman out of the fiery hell that was the 2008 Financial Crisis, Blankfein, along with the financial sector, was heavily criticized as being responsible for the crisis in the first place. However, the real issue for our firm and many corporations is the under-representation of women and diverse professionals both in magnitude and levels of seniority. (Bloomberg), Bankers are ignoring what is morally right because they are focusing solely on whether practices are within the law, the Archbishop of Canterbury has warned. REUTERS/Brian SnyderReuters. You then drink half of what is left and give it back to me. [36] A year later, he received total compensation of $53.9 million, which included a base salary of $600,000, a cash bonus of $26.9 million, stocks granted of $15.5 million and options granted of $10.4 million. Dina Powell, who runs the Goldman foundation reportedly earns around $2m a year. In 2006, he made a total earning of $54.4 million. Khloe Kardashian made a cameo appearance in her music video. I drink half of it and give it to you. CNN Sans & 2016 Cable News Network. As a student, he's a big political donor, too. Still, in 2008 the banker accepted a $10 billion bailout from the Treasury Department, subsequently agreeing to convert then-brokerage firm Goldman Sachs into a bank - opening itself up to billions of dollars in emergency funding from the Federal Reserve. Nell, who graduated from Princeton University, worked in Institutional Rate Sales. The company is focused on creating readable, decorative books, which also donate a portion of their proceeds to a related NGO. We keep drinking half of the remaining lemonade then passing it across until there is a negligible amount of drink left. She spends her time in Florida and New York. The couple has two sons, Alexander and Jonathan, and a daughter, Rachel. The 63-year-old is "a highly talented guy, and well respected leader and risk manager," and could find work in both the public and private sector, according to William Cohan, a financial reporter and author of the 2011 book "Money and Power: How Goldman Sachs Came to Rule the World. , worked in Institutional Rate Sales. Goldman Sachs Harvard College Rachel (Rikki) Blankenstein Digital Performance Analyst at Gucci New York, NY.