Goldman Sachs CEO Says Supporting Gay Marriage Is ‘Not Without a Price’

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Lloyd Blankfein, chairman and chief executive officer of Goldman Sachs Group Inc.
Photo: Jin Lee/Bloomberg via Getty Images

Lloyd Blankfein of Goldman Sachs appeared in a Human Rights Campaign ad earlier this year advocating for marriage equality, but said today that taking a public position has had business consequences:

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It’s not without a price,” the Goldman chief executive told an audience on Wednesday. “There was some adverse reaction by someone … They didn’t want to continue a relationship that they had with us in money management … I won’t say the name but if you heard the name it wouldn’t surprise you.”

The discreet and accepting Blankfein was speaking to Out on the Street, a gay Wall Street activist group, along with Bank of America CEO Brian Moynihan, who vouched for finance culture: “You can come in, be yourself, be successful, be all you want to be.”