Lloyd Blankfein, chief executive officer of Goldman Sachs Group Inc., said a “callousness” toward clients demonstrated in some e-mails released to the public this week is unacceptable and doesn’t represent the firm.
On Jan. 2, Jim Clark , a founder of such technology icons as Netscape Communications Corp. and Silicon Graphics Inc. , was at home in Palm Beach, Florida, when he got an e-mail from an executive at Goldman Sachs Group Inc. ’s private wealth management division. Goldman was offering Clark a chance to invest in the closely held social-networking company Facebook Inc. The deal -- through a fund overseen by Goldman Sachs Asset Management -- was being offered to other Goldman investors at the same time, Bloomberg Markets magazine reports in its March issue.
Lloyd Blankfein, chief executive officer of Goldman Sachs Group Inc., told jurors that Rajat Gupta wasn’t authorized while he was a board member to disclose the bank’s earnings to outsiders before the public announcement.
Goldman Sachs Group Inc. Chief Executive Officer Lloyd Blankfein checks his bank’s profit daily, prefers voice mail to e-mail and makes unscheduled calls to board members at times of market “uncertainty.”