I have to admit that I was pretty surprised The Financial Times has chosen Lloyd C. Blankfein as its person of the year. The newspaper said it made the choice because Goldman Sachs "navigated the 2008 global financial crisis better than others," and is about to make record profits while paying up to $23 billion in bonuses to its 31,700 staff.
The editors called Mr. Blankfein "a tough, bright, funny financier who reoriented Goldman. Under his leadership, trading and risk-taking have pushed to the fore, reducing the influence of its investment banking advisers."
I'm really interested in what you all have to say about the choice. Good idea? Or just plain nuts?