At the Allen & Company conference in Sun Valley, Idaho, today, the Times asked Warren Buffett if he thought Goldman Sachs CEO Lloyd Blankfein might resign in the coming months. His response:
“I don’t think he is. I’ve seen nothing to indicate that myself, and I don’t want him to,” he said enthusiastically. “I want him to stay!”
Why, Warren? Because the next CEO might not be so willing to cut Berkshire Hathaway a 10 percent annual dividend on a clutch $5 billion rescue loan? Or is it because you want him to be around in 2013 when you finally exercise those remaining $5 billion in options that are currently pegged to $20 under the market rate? It would be nice to have him around that day, even if just to rub that shiny noggin for good luck.
Buffett Hearts Blankfein [Dealbook/NYT]
Why, Warren? Because the next CEO might not be so willing to cut Berkshire Hathaway a 10 percent annual dividend on a clutch $5 billion rescue loan? Or is it because you want him to be around in 2013 when you finally exercise those remaining $5 billion in options that are currently pegged to $20 under the market rate? It would be nice to have him around that day, even if just to rub that shiny noggin for good luck.
Buffett Hearts Blankfein [Dealbook/NYT]
