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	<title>Observer &#187; Lloyd Blankfein is Taking Matters Into His Own Hands</title>
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		<title>Observer &#187; Lloyd Blankfein is Taking Matters Into His Own Hands</title>
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		<title>Lloyd Blankfein is Taking Matters Into His Own Hands</title>

		<comments>http://observer.com/2010/05/lloyd-blankfein-is-taking-matters-into-his-own-hands/#comments</comments>
		<pubDate>Mon, 03 May 2010 19:13:10 -0400</pubDate>
					<link>http://observer.com/2010/05/lloyd-blankfein-is-taking-matters-into-his-own-hands/</link>
			<dc:creator>Reid Pillifant</dc:creator>
				
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		<description><![CDATA[<p><img class="alignleft" src="http://nyoobserver.files.wordpress.com/2011/06/98706772.jpg?w=300&h=201" />Expect to see a lot of Lloyd Blankfein on your television in the coming months.</p>
<p>After last week's <a href="/2010/wall-street/circus-fabulous">interminable Senate hearing</a>, the Goldman Sachs C.E.O. <a href="/2010/daily-transom/lloyd-stayed-even-later">stayed late</a> to face the music from the financial news outlets and even the network morning shows. Apparently, that was only the beginning.</p>
<p>On Friday, the man of <a href="http://dealbreaker.com/2010/01/introducing-the-lloyd-face-/">many wonderful faces</a> told Charlie Rose he <a href="http://www.charlierose.com/">plans to be a more public face</a> for his embattled company.</p>
<p>"We're very important but the public doesn't see that," said Mr. Blankfein, who said the firm has always dealt with institutional clients and so it's remained a little aloof from the American public. Now that the S.E.C. is accusing it of fraud, that's going to change.</p>
<p>"It's a huge challenge. I have to say, it's my deficiency. But how often have you seen me on television--on general interest news shows?" he asked.</p>
<p>"Never," said Mr. Rose.</p>
<p>"You know something, that was a probably a mistake. But now you see that we have a lot of work to do explaining to people what it is that we do. And we're starting from a hole," he said.</p>
<p>Of course, the hole isn't all the S.E.C.'s fault. As Max Abelson noted two months ago, Goldman's p.r. prince <a href="/2010/wall-street/goldmans-rococo-pr-prince">hasn't made the firm a lot of friends</a>. And, of course, Mr. Blankfein has done some <a href="http://www.timesonline.co.uk/tol/news/world/us_and_americas/article6907681.ece">digging of his own</a>.</p>
]]></description>
		<content:encoded><![CDATA[<p><img class="alignleft" src="http://nyoobserver.files.wordpress.com/2011/06/98706772.jpg?w=300&h=201" />Expect to see a lot of Lloyd Blankfein on your television in the coming months.</p>
<p>After last week's <a href="/2010/wall-street/circus-fabulous">interminable Senate hearing</a>, the Goldman Sachs C.E.O. <a href="/2010/daily-transom/lloyd-stayed-even-later">stayed late</a> to face the music from the financial news outlets and even the network morning shows. Apparently, that was only the beginning.</p>
<p>On Friday, the man of <a href="http://dealbreaker.com/2010/01/introducing-the-lloyd-face-/">many wonderful faces</a> told Charlie Rose he <a href="http://www.charlierose.com/">plans to be a more public face</a> for his embattled company.</p>
<p>"We're very important but the public doesn't see that," said Mr. Blankfein, who said the firm has always dealt with institutional clients and so it's remained a little aloof from the American public. Now that the S.E.C. is accusing it of fraud, that's going to change.</p>
<p>"It's a huge challenge. I have to say, it's my deficiency. But how often have you seen me on television--on general interest news shows?" he asked.</p>
<p>"Never," said Mr. Rose.</p>
<p>"You know something, that was a probably a mistake. But now you see that we have a lot of work to do explaining to people what it is that we do. And we're starting from a hole," he said.</p>
<p>Of course, the hole isn't all the S.E.C.'s fault. As Max Abelson noted two months ago, Goldman's p.r. prince <a href="/2010/wall-street/goldmans-rococo-pr-prince">hasn't made the firm a lot of friends</a>. And, of course, Mr. Blankfein has done some <a href="http://www.timesonline.co.uk/tol/news/world/us_and_americas/article6907681.ece">digging of his own</a>.</p>
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