howard mark, cofounder and cochairman of oaktree capital. as is bloomberg. ♪ -- this is bloomberg. ♪ ♪ julie: this is bloomberg markets. i'm julie hyman. and i'm juliaet back to our big story. lloyd blankfein is apparently repairing to step down from goldman sachs. earlier today, erik schatzker asked howard marks about the future of goldman sachs without blankfein. have lived through a lot of goldman sachs ceos, and they have been terrific. the copresidents today, dave ,olomon and harvey schwartz they are terrific. one or both, i assume one, will step in to lloyd's shoes at whatever time it is, and i am sure the firm will go on. when you do business with goldman sachs, you do not do business with lloyd blankfein every day. there are terrific people throughout the organization, as there are elsewhere. erik: again, oaktree has everycts with just about large financial services firm, not just in the united date but in the world. states but inted the world. to what degree is a firm defined by its ceo, and what allows it to continue uninterrupted, regardless of who is in the corner office? howard: that is a difficult question to answer. some firms are tra