Lloyd Blankfein on His Memoir Streetwise, Risk Management and Leadership

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Goldman Sachs

Business

4.3 • 1.1K Ratings

🗓️ 20 March 2026

⏱️ 31 minutes

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Summary

Goldman Sachs’ culture has long been defined by its core values: partnership, client service, integrity, and excellence. Lloyd Blankfein, Senior Chairman of The Goldman Sachs Group Inc. and former Chairman and CEO of Goldman Sachs, joins David Solomon, current Chairman and CEO of Goldman Sachs for a conversation on his storied career and the launch of his memoir, Streetwise: Getting to and Through Goldman Sachs. Lloyd reflects on his upbringing in Brooklyn, path to Harvard, long-time leadership at Goldman Sachs, the evolution of the firm’s partnership culture, and the critical risk management lessons learned while steering the firm through the 2008 financial crisis and its aftermath. This episode was recorded on February 25, 2026. The opinions and views expressed herein are as of the date of publication, subject to change without notice, and may not necessarily reflect the institutional views of Goldman Sachs or its affiliates. The material provided is intended for informational purposes only, and does not constitute investment advice, a recommendation from any Goldman Sachs entity to take any particular action, or an offer or solicitation to purchase or sell any securities or financial products. This material may contain forward-looking statements. Past performance is not indicative of future results. Neither Goldman Sachs nor any of its affiliates make any representations or warranties, express or implied, as to the accuracy or completeness of the statements or information contained herein and disclaim any liability whatsoever for reliance on such information for any purpose. Each name of a third-party organization mentioned is the property of the company to which it relates, is used here strictly for informational and identification purposes only and is not used to imply any ownership or license rights between any such company and Goldman Sachs. A transcript is provided for convenience and may differ from the original video or audio content. Goldman Sachs is not responsible for any errors in the transcript. This material should not be copied, distributed, published, or reproduced in whole or in part or disclosed by any recipient to any other person without the express written consent of Goldman Sachs. Disclosures applicable to research with respect to issuers, if any, mentioned herein are available through your Goldman Sachs representative or at http://www.gs.com/research/hedge.html Goldman Sachs does not endorse any candidate or any political party. Copyright 2026. All rights reserved. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	I'm Allison Nathan, and today we have something a bit different for you.
0:09.5	You're about to hear an episode of our sister podcast, Tox at GS.
0:13.6	In each episode of this show, you'll hear a conversation about leadership and industry transformation
0:18.9	recorded in front of a live audience at Goldman Sachs.
0:22.2	This particular episode features our former chairman and CEO Lloyd Blankfine in conversation
0:27.6	with our current chairman and CEO, David Solomon.
0:30.9	They discussed Lloyd's career, his leadership through the financial crisis, and his new memoir,
0:35.9	Streetwise.
0:36.9	It's a really interesting and fun conversation,
0:38.7	and we hope you'll enjoy it.
0:43.5	So we're thrilled to be joined today by Lloyd Blank Fine. Lloyd served as our chairman and CEO from
0:49.0	2006 to 2018 after serving his president and chief operating officer under Hank. Lloyd played a big
0:56.5	role in building a lot of our sales and trading businesses earlier in his career, played a huge
1:02.1	role in shaping the firm's approach to risk management, but he's probably best known for his humor
1:06.7	and for leading the firm through the financial crisis and its aftermath. His leadership at that extraordinary time made him one of the most respected corporate leaders,
1:15.6	not just on Wall Street, but around the corporate world.
1:19.6	And today, we're excited to have Lloyd here to talk about his forthcoming memoir,
1:23.6	streetwise getting to and through Goldman Sachs.
1:28.0	And so Lloyd, first of all, welcome back to Goldman Sachs, and it's great to have you here.
1:35.5	And David, listen, thanks so much, because you've been terrific through this whole process.
1:40.8	So thanks for the support and helping to promote it.
1:43.5	Absolutely. Well, the book really starts your childhood in Brooklyn to your journey to your time at the firm and all the lessons you learned along the way. And so I want to kind of walk through some of that. And I, you know, I know a lot of people in this room don't know that the former CEO of Goldman Sachs used to sell peanuts at Yankee Stadium. I did. Yeah, you did. Not beer because you weren't old enough to sell beer.
	...

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