Jon Winkelried Of Goldman Sachs Announces Retirement

Jon Winkelried, co-chief operating officer of Goldman Sachs, is retiring next month for personal reasons, a spokesman for the firm said Tuesday. Winkelried, 49, worked at Goldman for 26 years and try to spend more time with his family and his horse ranch, spokesman Lucas van Praag said. The spokesperson spoke to us and said this.


He will not receive any sort of severance payment. He had planned to leave last summer, but as the markets eroded, he elected to stay with the firm, van Praag said. Winkelried, a senior Goldman a bonus for 2008, the bank in 1982 as an investment banker. Later, the head of group corporate bonds, and from 1995 to 1999, he leveraged finance. After a brief stint post-fixed income, currency and goods in Europe, Winkelried was co-head of the industry worldwide. Was chairman and co-COO of the company in 2006. Never mind that.

Winkelried's retirement is effective March 31, leaving Gary Cohn as the sole president and COO. In addition to Winkelried's co-COO spot, he is also retiring as a director on Goldman's board. He will be given the honorary title of "senior director'' when he retires. To be given the honorary title of “senior manager” when he retires. According to a regulatory filing by mid-January Winkelried about 1.44 million Goldman shares, directly or through a partnership or his family, with a value of approximately $ 123.2 million, based on the closing price Tuesday. This is news.

According to a regulatory filing, as of mid-January Winkelried held about 1.44 million Goldman shares, either directly or through a partnership or his family, worth about $123.2 million based on Tuesday's closing price.Winkelried was among a group of executives that agreed not to sell more than 10 percent of their Goldman shares until October 2011 for as long as Berkshire Hathaway

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