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    What Will Determine Lloyd Blankfein’s Legacy at Goldman Sachs

    One Wall Street debate, still to be settled, may decide how the CEO’s leadership is ultimately judged

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    It is still too early for a definitive judgment on Lloyd Blankfein’s leadership of Goldman Sachs.

    In many ways his tenure has been a resounding success. He led the firm through the financial crisis and its aftermath more ably than many Wall Street peers.

    The ultimate measure of this may be the firm’s return on equity, the most closely watched...