Lloyd Blankfein: No One Cares Who You Used to Be
Way back in 1991, now-with-Yale Jeffrey Sonnenfeld nailed it in his book "The Hero's Farewell." Former CEOs just can't let go. They do what it takes to stay on stage. At Disney Bob Iger succeeded at that. He managed to climb back on. However, as we recall, his re-entry was rough. He initially hadn't gotten it that the media landscape had changed. His charm offensive looked manipulative. Currently, it seems that former Goldman Sachs CEO Lloyd Blankfein is struggling to use a side door to re-enter the force field of extreme influence. That is, he published the memoir "Streetwise" and is giving scary interviews about the possibility of another 2008. Those still with the titles and with the influence could turn on him. The fearmongering could kill off business. Actually, as we know, the prediction of disaster could bring on the disaster. The book is doing well. On Amazon it ranks 139. But, come on, it's the usual saga of up from less-than-nothin...