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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

We wouldn't have otherwise transacted with them.

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

Like you said in the book, it was like one of only like five or seven companies in the country that had AAA rates.

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

So who would have the temerity to ask them for a margin agreement?

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

But we had the margin agreement, so we had their collateral.

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

And so that was because, again, it was our money.

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

Right, totally.

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

And so it wasn't like other people's money.

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

It wasn't speculative.

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

What was interesting also, I heard this from Alison, which is it was your money, but you also cared about relationships.

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

You know, she said...

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

I'll forget the cast of characters that were in this meeting, but I think it was about your kind of LBO financing exposure at the time.

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

And you said, look, like commitments are in the past and relationships are in the future.

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

Like go out and make sure that our clients know we're still good.

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

Oh, I had to do it in the financial crisis.

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

I'll get to that.

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

Let me get to that in a second.

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

But we, yes, I mean, there was a time we had this loan outstanding, you know, to Chrysler.

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

I remember the CEO then at Chrysler calls me up.

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

And are you going to honor that commitment?

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

And I said, yes.