Goldman Sachs Group Inc (NYSE:GS) lawyer leads the firm, Fried Frank and Blankfein sees good sign of U.S stimulus


Dallas, Texas 07/26/2013 (Financialstrend) – Goldman Sachs Group Inc (NYSE:GS) closed at $165.91 in the previous trading session after climbing up by $0.87 (or 0.53%). It has hit the day’s low at $163.69 and the day’s high at $166.00.

There is recent news that the top in house lawyer of the company, Goldman Sachs Group, will be the next chairman at the law firm of New York named Fried, Frank, Harris, and Shriver & Jacobson LLP. This top in house lawyer who is going to join the firm is David J. Greenwald. He was a former partner at the firm. Currently, he is serving as international general counsel and deputy general counsel at Goldman Sachs Group. The firm announced on Wednesday that he is rejoining Fried Frank. However, his start date is left to be determined.

Mr. David J. Greenwald will serve as the co chairman of the firm along with the current chairperson of the firm, Valerie Ford Jacob till the February of 2015 and then he will assume the role of Chairman in March 2015. At that time, Ms. Jacob who has been the chairperson of the firm since 2003 will become the Senior Partner of the firm.

The chairman and the chief executive officer of the company, Goldman Sachs Group, Lloyd C. Blankfein said that the stimulus efforts of the United States are likely to be in place for a longer time. At a business event in Sydney, Mr. Blankfein said that they are seeing Federal Reserve policy which will be very, very easy for a long time.  He also added that he thinks that the gradual withdrawal of stimulus in the United States will successfully work its way through the economy but not without the anxiety along the way.

He said the growth of United States was improving though the business confidence in the world remained weak so this is not so great, but a good sign.