Blankfein May Consider Stepping Down at Goldman, N.Y. Times Says

Goldman Sachs Group Inc. (GS) Chairman and Chief Executive Officer Lloyd Blankfein may consider stepping down because of fatigue from guiding the bank through the financial crisis, the New York Times reported, citing two unidentified persons who spoke with Blankfein.

The possibility that Blankfein might resign has prompted speculation over who might succeed him, the newspaper added.

Top candidates to replace him include vice chairmen Michael Sherwood, who handles much of the bank’s international business from London, J. Michael Evans, chairman of Goldman’s Asia business, and Gary D. Cohn, president and chief operating officer and Blankfein’s top deputy in New York, the newspaper said, citing three unidentified company veterans briefed on the situation.

Blankfein, 56, may wait until the firm completes negotiations with Washington over new banking regulations in the second half this year before turning management over to a younger team, the Times reported, citing Roger Freeman, a financial analyst at Barclays Capital.

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