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Lloyd Blankfein: Battlefield decisions
Lloyd Blankfein: Battlefield decisions
Goldman Sachs CEO

What I remember most was coming into the office on weekends and, without my having made a call to anybody, I found everyone on our team at work. Everybody realized there was a crisis looming that was historical.

My guess is there will be 1,000 different Ph.D. dissertations looking back at the period, each of which will find fault with one or more decisions. But those dissertations will have been written in a calm environment.

This decision-making was made under battlefield conditions, in a fog of war. Some things might have been done differently, but if you look at the constellation of the things done, it was very effective.

NEXT: Anne Erni: All the rules were gone

Last updated September 14 2009: 3:19 PM ET
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