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Goldman's C.E.O. Is Stuck, Without a Clear Lifeline nytimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nytimes.com Daily Mail and Mail on Sunday newspapers.
Blankfein, a big Goldman shareholder and Solomons predecessor, had lost $50 million since January on his stake because of the banks sinking stock. He made it clear to Solomon that his patience was waning, according to three people briefed on the conversation. Blankfein offered to provide him with more hands-on advice, or even return to the firm in any capacity that might help, the people said. ....
MidOcean Partners, a New York–based alternative asset manager specializing in middle-market private equity and alternative credit investments, announced that Erik Oken, former Global Chairman of Investment Banking at JP Morgan, has joined the firm as Chairman of MidOcean’s private equity business. An accomplished C-Suite executive with over 30. ....