Lloyd Blankfein

To the extent that you're a senior partner,

A lot of it is by consent of the government, governed.

When you're looking at your senior card, they don't just work for you.

They're not just subordinates.

They're your co-owners of their business.

They have certain expectations that come from that.

For example, their fortunes rest on the success of the whole enterprise, not just their narrow silo.

If you work for Amazon in the retail area, are you really raising your hand asking questions about AWS?

Totally.

But if you owned it, you care about the whole.

So one thing, they own the whole.

They care about the whole.

They expect as owners to have a lot of information about the whole.

They expect to have influence about the whole.

They expect that any sudden moves by the senior partner is going to socialize them.

They expect to have input into that.

They expect the process to be slow enough for them to have that influence and input.

And you have to have a certain amount of discipline when you're managing that.

If you want to perpetuate that, and I'll get to why you want to do that.

And so you have to socialize things.