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Goldman Sachs boss Blankfein 'planning to exit' as early as year-end

The chief executive of Wall Street giant Goldman Sachs, Lloyd Blankfein, is reportedly planning to step down as soon as the end of this year.
According to a report in The Wall Street Journal, Mr Blankfein, who is 63, is likely to be replaced by one of Goldman's two co-presidents, David Solomon and Harvey Schwartz.
Presidents have, in the past, been chosen for the chief executive position at Goldman Sachs and Mr Blankfein himself served in that role before being promoted in 2006. 
Both Mr Goldman and Mr Schwartz were appointed to the positions after Gary Cohn stepped down as president and chief operating officer of Goldman Sachs in December 2016, to become part of the Trump administration. Mr Cohn had been thought of as the top candidate to succeed the Goldman head. 
His departure was seen by analysts at the time as an indication that Mr Blankfein had no intention of leaving the post "anytime soon". He once joked that he would die at his desk and, in November, said the joke had just meant his resignation "wasn't going to happen soon". 
Goldman Sachs boss Blankfein 'planning to exit' as early as year-end

Gary Cohn left his role as Donald Trump's top economic advisor earlier this week

Credit:
Michael Sohn/AP
However, reports suggested on Friday that this was no longer the case, with The Wall Street Journal saying Goldman was looking for a quick succession. 
The bank declined to comment. 
However, Mr Blankfein later wrote a cryptic Twitter post on the reports, saying: "It’s the WSJ’s announcement … not mine. I feel like Huck Finn listening to his own eulogy.”
Mr Blankfein's departure would mark the end of 12 years in the post, making him one of Wall Street's longest serving chief executives. 
It would be the latest tremor to ripple through the company, which underwent a management upheaval just over a year ago. 
The shake-up was the largest experienced by the company since Mr Blankfein took the helm, with not only with the appointment of the two co-presidents, but also with Pablo Salame, the former co-head of Goldman's securities business, being named as vice chairman, and with Richard Gnodde as the head of the bank's international operations.
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