Sportlight on: Lloyd Blankfein, Chief executive, Goldman Sachs
Stephen Foley is a former Associate Business Editor of The Independent, based in New York. He left in August 2012. In a decade at the paper, he covered personal finance, the UK stock market and the pharmaceuticals industry, and had also been the Business section's share tipster. Between arriving with three suitcases in Manhattan in January 2006 and his departure, he 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
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.
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Yes, but that stereotype of the testosterone-pumped, bullying Wall Street trader is actually quite out of date.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.
Regular cast member Ste Hay, played by Kieron Richardson, is about to test TV boundaries
- 1 Lee Evans announces retirement from comedy on The Jonathan Ross Show
- 2 Pirelli calendar 2015: The problem with 'plus-size' models like Candice Huffine
- 3 These grandmas smoking weed for the first time are wonderful
- 4 Woman opens professional cuddling shop – gets 10,000 customers in first week
- 5 Angelina Jolie confuses everyone with 'ay up me duck' East Midland's greeting to Derby actor Jack O'Connell at awards show
Jeff Fletcher dead: Britpop guitarist is decapitated by lorry in horrific traffic accident
These grandmas smoking weed for the first time are wonderful
Jimmy Ruffin dead: Motown legend, who wrote 'What Becomes of the Brokenhearted', dies aged 78
New York snowstorm: Five dead and state of emergency declared as 'wall of snow' buries Buffalo
Woman opens professional cuddling shop – gets 10,000 customers in first week
G20 summit: Enter Putin. Accompanied by four warships. To the sound of mockery
'Muslims pre-date Columbus in discovering America,' says Turkish president Erdogan
David Cameron 'compares Vladimir Putin’s Russia to Nazi Germany' ahead of tense meeting
Former Tory PM Sir John Major says 'we would not have an NHS without migrants'
France 'blocks' Russian sailors from boarding a warship
G20 summit: David Cameron warns Vladimir Putin that Russia's relationship with the West is at a 'fork in the road' over Ukraine
iJobs Money & Business
£20000 - £25000 per annum + OTE £35,000: SThree: We consistently strive to be ...
£50000 - £90000 per annum + benefits: Ampersand Consulting LLP: Markit EDM (CA...
$175 - $200 per annum, Benefits: full benefits: Carlton Senior Appointments: P...
Not specified: Carlton Senior Appointments: Senior MD Financial Advisor - San ...