Lloyd Blankfein
π€ SpeakerAppearances Over Time
Podcast Appearances
And there are three other investment bankers who represent three different potential buyers, and you have to pick one.
And we sort it out together collectively what's the right place for Goldman Sachs to be, or maybe we should represent the seller, or maybe we should be a buyer ourselves.
Totally.
How do you decide that?
And you explain it, and you do it.
You let everybody have their say.
Now, what should we do here?
And you convince people that if they throw in with the enterprise as a whole and sacrifice β
In the short term, they get to use the platform and exploit it for their professional career and their personal career.
So you got to get, you know, it's like I use as a metaphor, you know, the metaphor of the 800-pound gorilla in the jungle gets his way.
I'm the 800-pound.
But what if you have 2,800-pound gorillas?
19 have to say, excuse me, after you.
And how do you get them to do that?
And that's a bit of the art.
And we did that.
The firm did that.
By the way, there were other things that we had to do in terms of reforming, make a public company.