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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's a certain kind of person.

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

By the way, there are people who do spectacular in the world, have great relationships with Goldman Sachs,

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

but we improved their lives and Goldman Sachs by them separating.

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

Because they just weren't going to be that kind of people.

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

They weren't going to be, you know, their platform was subordinate.

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

Again, we weren't asking people to subordinate their egos forever or not, you know, hide themselves or not be, you know, famous or wealthy.

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

We just said that if you subordinate it in the short term or during key times in favor of the platform, you can exploit that platform, again, professionally, because the firm would have much more heft and power and authority.

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

People take Goldman's calls, even for a most junior person.

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

And also, it's good for your personal life, too, because...

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

Away from Goldman, you know, saying, you know, saying that, you know, look, I was a partner at Goldman Sachs.

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

I'm not saying this is exclusive to Goldman.

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

Sure.

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

But saying your partner, at least people will, the presumption has shifted that you're not a dummy unless you prove you're a dummy.

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

As opposed to other people have the presumption you're a dummy unless you tell me why you're smart.

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

Totally.

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

And so we made that, you know, I tried, you know, that that's a positive, that's a positive thing.

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

I mean, you definitely inspired a lot of loyalty during your time, you know, as CEO, I'm sure, even before that.

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

I mean, back to the, one of the quotes that I heard from Ashok was that, you know, he said you often believed in him more than he believed in himself.

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

And that's been the main driver for why he stayed at the firm so long, despite other more lucrative opportunities along the way, was sort of instilling a confidence in your people.

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

I'm just curious how you thought about sort of inspiring.