Goldman Sachs boss Lloyd Blankfein, one of the industry’s great survivors, and the institution’s longest-serving boss in nearly half a century, is reportedly preparing to step down after 12 years at the top. Rejected by the big names, including Goldman, he found a job with a small trading firm that came to be bought by Goldman where it, and its staff, were seen as the poor relations. The trading business exploded and Blankfein the gambler, who had a fondness for Las Vegas casinos in his legal days, was swept all the way up to the top as a result, assisted by his skill as a salesman, and his ability as a manager of traders.
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