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Lloyd Blankfein

πŸ‘€ Speaker
1832 total appearances

Appearances Over Time

Podcast Appearances

The a16z Show
Lloyd Blankfein on Risk, Crisis, and Leadership

And there are three other investment bankers who represent three different potential buyers, and you have to pick one.

The a16z Show
Lloyd Blankfein on Risk, Crisis, and Leadership

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.

The a16z Show
Lloyd Blankfein on Risk, Crisis, and Leadership

Totally.

The a16z Show
Lloyd Blankfein on Risk, Crisis, and Leadership

How do you decide that?

The a16z Show
Lloyd Blankfein on Risk, Crisis, and Leadership

And you explain it, and you do it.

The a16z Show
Lloyd Blankfein on Risk, Crisis, and Leadership

You let everybody have their say.

The a16z Show
Lloyd Blankfein on Risk, Crisis, and Leadership

Now, what should we do here?

The a16z Show
Lloyd Blankfein on Risk, Crisis, and Leadership

And you convince people that if they throw in with the enterprise as a whole and sacrifice –

The a16z Show
Lloyd Blankfein on Risk, Crisis, and Leadership

In the short term, they get to use the platform and exploit it for their professional career and their personal career.

The a16z Show
Lloyd Blankfein on Risk, Crisis, and Leadership

Yep.

The a16z Show
Lloyd Blankfein on Risk, Crisis, and Leadership

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.

The a16z Show
Lloyd Blankfein on Risk, Crisis, and Leadership

I'm the 800-pound.

The a16z Show
Lloyd Blankfein on Risk, Crisis, and Leadership

But what if you have 2,800-pound gorillas?

The a16z Show
Lloyd Blankfein on Risk, Crisis, and Leadership

Totally.

The a16z Show
Lloyd Blankfein on Risk, Crisis, and Leadership

19 have to say, excuse me, after you.

The a16z Show
Lloyd Blankfein on Risk, Crisis, and Leadership

And how do you get them to do that?

The a16z Show
Lloyd Blankfein on Risk, Crisis, and Leadership

And that's a bit of the art.

The a16z Show
Lloyd Blankfein on Risk, Crisis, and Leadership

And we did that.

The a16z Show
Lloyd Blankfein on Risk, Crisis, and Leadership

The firm did that.

The a16z Show
Lloyd Blankfein on Risk, Crisis, and Leadership

By the way, there were other things that we had to do in terms of reforming, make a public company.