Sportlight on: Lloyd Blankfein, Chief executive, Goldman Sachs
Stephen Foley
Stephen Foley is Associate Business Editor of The Independent, based in New York. In a decade at the paper, he has covered personal finance, the UK stock market and the pharmaceuticals industry, and been the Business section's share tipster. And since arriving with three suitcases in Manhattan in January 2006, he has witnessed and reported on a great economic boom turning spectacularly to bust. In March 2009, he was named Business and Finance Journalist of the Year at the British Press Awards.
Tuesday 07 February 2012
Latest in Business Analysis & Features
On Facebook
Another day doing God's work?
Stop that now. He is still trying to live down his little joke to The Sunday Times about bankers' moral calling. Maybe his latest media appearance will help.
What media appearance?
Mr Blankfein is the new star of a campaign video from the Human Rights Campaign which has just hit YouTube. Unlikely though it may seem, the Goldman Sachs boss is the new face of gay marriage.
Come again?
HRC is the pre-eminent gay rights lobby group in the US, and Goldman Sachs has long been a sponsor of its events. Now the boss has come out in favour of the big campaign issue of the day, becoming the first high-profile corporate leader to do so.
Unlikely is the right word
Yes, but that stereotype of the testosterone-pumped, bullying Wall Street trader is actually quite out of date. And HRC has picked Mr Blankfein, who is married with three children, precisely because it wants to show that supporters of gay marriage are now in the majority, and hail from all parts of the political and business spectrum.
What's Mr Blankfein got to say?
"America's corporations learned long ago that equality is just good business and is the right thing to do."
This is Goldman. Is there a cynical take on this?
There is certainly no harm associating Goldman with a cause beloved of the same voters and politicians who most want to tax, regulate and otherwise bash the banks.
I knew it
It really is good business. There has been a bit of a Wall Street arms race to lure gay employees, led by Barclays two years ago promising to top up gay couples' healthcare benefits to the same level that straight married couples get. Don't expect Mr Blankfein to be the only banker to sign on.
- 1 Brazil rocked by abortion for 9-year-old rape victim
- 2 News in pictures
- 3 Naked Miami man shot dead after being found eating another man's face
- 4 In pictures: The bewildering face of China
- 5 Principled Skinner rises above the fray
- 6 News International 'tried to blackmail select committee'
- 7 Postgraduate students are being used as 'slave labour'
- 8 UN condemns Syria after massacre of civilians
- 9 Coastguard warning after man drowns saving two children
- 10 Pope's butler: 'more arrests may follow'
- 1 Robert Fisk: The going price of getting away with murder... would $33m be enough?
- 2 Brazil rocked by abortion for 9-year-old rape victim
- 3 Hardcore, hard-wired: How the prevalence of porn is changing our everyday lives
- 4 Principled Skinner rises above the fray
- 5 Fat? Really? Olympic hope laughs off official’s jibe – but others aren’t amused
- 6 News International 'tried to blackmail select committee'
- 7 'Hello mum, this is going to be hard for you to read ...'
- 8 Postgraduate students are being used as 'slave labour'
- 9 Coke reveals its secret: It may need to carry a cancer warning
- 10 French in uproar over oral sex anti-smoking posters
Experience the Heineken Hub
Get free wi-fi and exclusive i content while you enjoy a tasty pint of Heineken at participating pubs.
Can you imagine a career in teaching?
Be inspired to teach - let real teachers show you how rewarding the job can be.
Playing a game-changing role during the Games
Cisco is providing the solutions for London 2012's complex IT needs.
Enter the latest Independent competitions
Win anything from gadgets to five-star holidays on our competitions and offers page.
Business videos from commercial thought leaders
Watch the best in the business world give their insights into the world of business.
Career Services
Day In a Page
The secret life of the red carpet
Up and away – how '7 Up' went global



Comments