The World's Most Powerful People
#18 Lloyd C. Blankfein
Chairman
Goldman Sachs Group, Inc.
U.S.
Age: 55
Corner office at Goldman Sachs earned him highest pay on Wall Street, big headache. Bank everyone loves to hate shrewdly hedged subprime market, steered investment bank through financial mess—with $12.9 billion in "trickle-down" help from Uncle Sam. Earned moniker "Government Sachs" for close ties to White House, high government posts held by Goldman alums. Quickly paid back government, with interest, earning $3.2 billion in blowout third-quarter profit on $12.4 billion revenue. Grab your pitchforks, populace: Already earmarked $16 billion (year-to-date) for bonuses.
Thursday, November 26, 2009
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