Lloyd Blankfein, the longtime CEO of Goldman Sachs, is preparing to step down from his perch atop the Wall Street behemoth, according to a report — capping one of the longest-ever runs atop the infamous investment bank.
Blankfein could leave by the end of the year, the Wall Street Journal reported on Friday (paywall). David Solomon and Harvey Schwartz, who both hold the title of president and co-chief operating officer, are said to be the only executives in the running to replace him.
Should Blankfein stay through the end of 2018, it would cap a tumultuous and wildly successful business career of a Bronx native, who went from selling hot dogs at Yankee Stadium to becoming a Master of the Universe whose influence not only extended through Wall Street, but into the White House.
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