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Tagged: Lloyd Blankfein

Plastic Surgery

Extreme Makeover: Wall Street Edition!

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Wall Street CEOs make a fortune, as you're undoubtedly aware. Even the chief executives of banks that have been bailed-out by Washington or have gone bust usually end up doing nicely. But despite the riches and perks these men have accumulated and massive egos they've developed along the way, few of them would do all that well in a beauty contest. Because it's high time that Wall Street take advantage of the miracle of modern science—and because we care, dammit—we took the liberty of contacting Dr. Anthony Youn, a board-certified plastic surgeon who has made appearances on Dr. 90210 and the Rachael Ray Show, to ask him what procedures he'd suggest these titans of finance consider if they want to look their very best. Dr. Youn's answers and cost estimates—and our commentary—is below.More

Charitable Donations

Goldman Sachs' Favorite NYC Private Schools

146509Goldman Sachs announced plans last week to donate $200 million to charity, a move designed to quell criticism over the firm's massive profits (and the massive bonuses that will soon handed out to the bank's employees). The donation isn't a gigantic sum for the investment bank—Goldman makes $200 million every three days or so—but it's a big step up from last year when the largest of the Goldman-affiliated foundations, the Goldman Sachs Charitable Fund, gave out about $10 million. So which non-profit groups stand to benefit the most from the firm's increased largesse? The institutions that Goldman wrote checks to last year runs about 25 pages. (You're welcome to go through it yourself; it's embedded below.) We focused on the dozens of elite private schools and fancy boarding schools that made the cut, a list you can review after the jump. But before you go out and start piecing together a conspiracy theory, we'll point out that the school that Goldman CEO Lloyd Blankfein's two sons (and his wife) attended wasn't anywhere close to the top. (Ethical Culture/Fieldston received a measly $10,000.) And as for Dalton, which is pictured above, it didn't get a dime. More

Wall Street

A Tale of Two Banks

146359Goldman Sachs announced third-quarter earnings today and, as expected, Lloyd Blankfein has good reason to smile. The firm raked in $3.1 billion in profits, which was three times what the bank made during the same period in 2008. And Goldman bonuses will set a new record when they're doled out in a few months: A whopping $5.25 billion was set aside this quarter alone to pay for them. (As several people predicted, the firm also announced it was putting a big chuck of money—$200 million—into its foundation this quarter in what appears to be an attempt to counter negative press over the big bonuses.) But travel a few miles north from Goldman HQ to the offices of Citigroup CEO Vikram Pandit and the mood isn't as cheery. More

One Year Older

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Happy Birthday | James Gandolfini turns 48 today. Lance Armstrong is turning 38. Jada Pinkett Smith is 38 today, too. Designer Karim Rashid is 49. Comic actor Fred Willard is turning 70. Actor James Marsden is 36. The Brazilian soccer star Ronaldo is turning 33. The rapper Xzibit is turning 35. Senator Bob Bennett of Utah is 75. Actress and former Talk Soup host Aisha Tyler is 39. Singer Frankie Avalon is turning 69. Actress Holly Robinson Peete is 45 today. And Robert Blake, the former Baretta star who was acquitted of murder in 2005, turns 76 today. You'll find weekend birthdays listed below.More

Wall Street

Lloyd Blankfein Goes Into Panic Mode

144457Goldman Sachs has a image problem, as you may have noticed. The firm has been battered by bad press in recent weeks as critics have accused Goldman of having a hand in everything from the destruction of the cookie industry to the spread of nuclear materials to rogue nation-states. (Okay, the firm hasn't been accused of that last one just yet, but it's just a matter of time.) Now, as we head into fall and get closer and closer to bonus season, Goldman chief Lloyd Blankfein is getting worried that it's about to get worse. But what to do? More

Wall Street Wives

Goldman Haters Have Their Claws Out

143865Goldman Sachs has been accused in recent weeks of plotting to make a fortune from the collapse of the American economy and then plotting with Washington insiders to hand the banking industry a massive bailout. Are Goldman haters now plotting against the firm's CEO, Lloyd Blankfein, and his wife Laura? A day after it was reported the banking chief had instructed Goldman employees to play it cool comes this doozy about Laura Blankfein's alleged antics in the Hamptons last weekend:More

Wall Street

Lloyd Blankfein Misses the Mark

143804When Goldman Sachs' chief mouthpiece told us a couple of weeks ago that no one at the bank would be permitted to celebrate the firm's blockbuster second quarter, he wasn't kidding. The Post reports today that Goldman CEO Lloyd Blankfein, has instructed all employees of the firm "to avoid making big-ticket, high-profile purchases." More

Wall Street

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Goldman Sachs: Business as Usual | In this week's issue of New York, Joe Hagan pens a long piece about Goldman Sachs, "America's most successful, cynical, envied, despised, and (in its view, anyway) misunderstood engine of capitalism." But if you were thinking that the last year of turmoil—or the unprecedented blow to Goldman's reputation in recent months—has changed things at the storied firm, well, you needn't worry:

More

Finance

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It's Good to Be Warren Buffett | Last September, shortly after Lehman had gone bust, Bank of America had just announced plans to acquire Merrill Lynch, and back when the management of Goldman Sachs wasn't feeling nearly as confident as they do these days, Goldman reached out to Warren Buffett for a financial lifeline. The deal Goldman CEO Lloyd Blankfein struck with Buffett gave the firm a big shot in the arm and signaled to investors that Goldman would endure the crisis intact. And it looks like it's working out pretty well for Buffett, too. As of today, Buffett's bet has earned him a paper profit of more than $2 billion. [Bloomberg]

Wall Street

Lloyd Cannot Help but Live It Up

143159Contrary to what Goldman Sachs mouthpiece Lucas van Pragg told us the other day, it appears Lloyd Blankfein has been celebrating the bank's record quarter after all. Page Six reports today that Blankfein was spotted "celebrating Goldman's boffo earnings" with Assembly Speaker Sheldon Silver at the (kosher) restaurant Prime Grill, although it doesn't say when this dinner supposedly took place, and it's always possible it was another short, bald, Jewish man in a boring suit. (There are a lot of them in this town, as you may be aware.) Meanwhile, Dealbreaker has the details about a dinner that allegedly took place place last night at Barbone, which not only featured Blankfein, but JPMorgan Chase chief Jamie Dimon as well. Barbone's located on Avenue B, which is unlikely territory for both men, but when you're trying to keep your social activities under the radar, you don't exactly book a table at the Four Seasons. Given all these meals, though, we can't help but feel a bit deceived by Goldman's corporate communications department. If there was one industry that has earned a rep for its commitment to honesty, it's investment banking! [NYP, Dealbreaker]

Non-Celebrations

Lloyd Blankfein To Make It a Blockbuster Night

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Lucas van Praag, Goldman Sachs' head of corporate communications, was kind enough to get back to us a few minutes ago as to whether Goldman CEO Lloyd Blankfein had any plans to live it up given the firm's blow-out of a second-quarter. Alas, the Dom will not be flowing at Le Cirque tonight, it seems. Says van Praag: More

Wall Street

Lloyd Blankfein Has 3 Billion Reasons to Celebrate

142986The happiest man in New York today? That would be Lloyd Blankfein, the chairman and CEO of Goldman Sachs, which announced this morning that the bank reeled in a record $13.8 billion in revenue for the second quarter and generated profits of $3.44 billion. It's a big turnaround from a few months ago when the firm was holding out its hand for billions in bailout dollars, of course. But that's water under the bridge. And no one seems to be so sure how Goldman managed to do it. Blankfein attributed the big gains to "the combination of improving financial market conditions and a deep and diverse client franchise" in a news release today, whatever that means. But who cares how Goldman did it? The important thing is to go out and celebrate, right? More

Wall Street

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Tell Lloyd Blankfein How You Really Feel | If you're in the financial district today and you have some time to spare, artist Geoffrey Raymond is inviting the public to scribble on his latest masterpiece—a portrait of Goldman Sachs chief Lloyd Blankfein—in the alley behind 85 Broad Street during lunch. Sharpies will be provided, as usual. [Dealbreaker, previously]

Guess Who?

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NYC Prep, Real World Edition | One of these three teenagers who attended a benefit last week for the Association to Benefit Children at Dylan's Candy Bar—and who appear on New York Social Diary today—is the daughter of one New York City's most prominent and highly paid CEOs. Guess which one—and who her dad is—and you'll find the answer below.More

Compensation

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It's Good to Be CEO | According to Crain's, New York's 100 top-paid executives took home $1.2 billion in compensation last year. And a handful of them, it turns out, are execs who happen to work at banks that received bailouts from Washington: "Number four on the list is Goldman's CEO Lloyd Blankfein, with $42.9 million. Following him is Citigroup's CEO Vikram Pandit, raking in $38.2 million. Jamie Dimon, head of JPMorgan Chase, comes next in line with $35.7 million. Goldman and JPMorgan, which received $10 billion and $25 billion, respectively, in government aid, have recently moved to repay the funds. Citigroup is still saddled with the $45 billion in aid it's accepted." Topping the list, in case you're wondering, is Peter Kraus of Alliance Bernstein, who was paid $52 million just to take the job. But American taxpayers also had a hand in making 2008 a very good year for Kraus: In addition to his take from Alliance, he earned $25 million for the three months he put in at Merrill Lynch in late 2008. [NYP]