Lloyd Blankfein on His Memoir Streetwise, Risk Management and Leadership

Lloyd Blankfein, former CEO of Goldman Sachs, discusses his career and memoir, "Streetwise," with current CEO David Solomon, reflecting on his journey from a childhood in Brooklyn public housing to leading the firm through the 2008 financial crisis. Blankfein emphasizes the importance of managing down, fostering a partnership culture, and adapting to the firm's evolution as a public company. He recounts early career experiences at J. Aaron and lessons learned during the financial crisis, highlighting the firm's risk management strategies and culture of marking to market. Blankfein also touches on the impact of initiatives like 10,000 Women and 10,000 Small Businesses, as well as advice he received about maintaining balance and contributing to society beyond his role at Goldman Sachs.