Jon winkelried goldman sachs biography of barack
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Yahoo Finance
(Rocpoc via Flickr)
Winkelried (not pictured here) walked away from Goldman Sachs in 2009.
Private-equity giant TPG is hiring former Goldman Sachs copresident Jon Winkelried.
The firm announced on Wednesday that Winkelried would become co-CEO along with cofounder Jim Coulter in November.
Winkelried was one of the most senior executives at Goldman Sachs during the financial crisis and was touted as a possible replacement for chief executive Lloyd Blankfein.
He was copresident and co-COO of the investment bank along with Gary Cohn. Then in 2009, at the age of 49, he unexpectedly stepped down.
He was later referred to as "the man who walked away from Goldman Sachs" in a 2010 Fortune article by William D. Cohan.
Winkelried has kept a relatively low profile since. He signed on as an adviser to TPG's credit funds in 2011 and earlier this year invested in Orchard Platform, a technology and infrastructure provider for marketplace lenders.
He also developed a passion for ranching, according to the Fortune profile.
Bloomberg reports that Winkelried entered into talks with TPG about the co-CEO role in June.
TPG manages $74 billion in private-equity holdings, credit assets, real estate, and hedge funds, according to the report.
It was cofounded in 1992 by
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TPG Adds Pester Goldman Sachs President introduction Co-CEO
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Meet The Goldman Executive Who Became A Cowboy And Pissed Off Lloyd Blankfein
About a year ago, Jon Winkelried quit Goldman Sachs and became a cowboy.
Apparently it really pissed off the bank's CEO, Lloyd Blankfein.
"You really want to get Lloyd going? Ask him about Winks' departure," a Goldman partner told Fortune writer William Cohan.
Winkelried, the former co-COO and Co-President (alongside Gary Cohn) of Goldman Sachs, had owned his Colorado ranch for a few years already when he decided to leave Goldman last February.
Now he's 100% gentleman cowboy. He's a near-professional-level "cutter," a sport in which horseback riders separate one calf from the cattle herd. He owns a $460,000 stallion named "I Sho Spensive."
And his son is following in his footsteps: he's a "roper," one of two riders who work together to lasso a calf in a rodeo.
It wasn't that Blankfein didn't support his partner's rodeo dreams, it was his timing that bothered the CEO.
"It really pissed Lloyd off because the buyout happened in the midst of a complete disaster and he had to spend three weeks explaining this every day, and it's hugely embarrassing that he's got to bail these guys out," a partner told Cohan.
Goldman's spokesman, Lucas Van Praag, hints at further animosity by suggesting that Winke