Apple CFO Peter Oppenheimer Joins Board of Directors at Goldman Sachs

Goldman Sachs Group today announced that Apple Chief Financial Officer Peter Oppenheimer will join the banking firm's board of directors, effective immediately.

Oppenheimer will become the board's 13th director and will serve on the firm’s Audit, Risk, Compensation and Corporate Governance, Nominating and Public Responsibilities committees.

“Peter’s 25 years of broad experience across important industries will add a valuable perspective to our Board of Directors,” said Lloyd C. Blankfein, Chairman and CEO. “We appreciate his willingness to serve as a director and look forward to benefitting from his judgment and counsel.”

Oppenheimer joined Apple in 1996 as the Senior Director of Finance and Controller and was promoted several times before being appointed as Apple's Chief Financial Officer in 2004. Besides serving on the board at Goldman Sachs, Oppenheimer also is a board member for the California Polytechnic State University Foundation and Sacred Heart Schools in Atherton, California.

Oppenheimer isn't the only Apple executive to serve on the board of directors at another company. Apple CEO Tim Cook is a member of the board at Nike, while senior vice president of Internet Software and Services Eddy Cue serves on Ferrari's Board of Directors, a role he undertook in November 2012.

Tag: Peter Oppenheimer

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Crosscreek

67 months ago

The empire without conscience ...........

Rating: 11 Votes

Vanilla35

67 months ago

Cool, so it's safe to say I hate this guy now.

Rating: 11 Votes

ps45

67 months ago

I'm picturing this as: Cook comes out as having a social conscience, and they all quickly scramble to find something evil and corporate that can offset this in the news cycle for the benefit of the diehard conservative stockholders. Eureka - Goldman Sachs board position!

Rating: 6 Votes

diazj3

67 months ago

This is good news for consumers. Having an Apple-minded person at Goldman Sachs is a huge opportunity for the Apple community.

I don't get it. Is this sarcasm?

But in case it's not... what?!? really??? what's an "apple-minded person"? and in this Wall Street environment, how ¡s that different from any other wall street douchebag there? how do you think he will help consumers by being there? I guess by "the Apple community" you mean the shareholders, right? because Goldman Sachs business model is to screw everyone else - including their customers... so...

Rating: 6 Votes

FirstNTenderbit

67 months ago

A believer in Apple and the mission.

Because he will bring new ideas to the table. I'm sure he will do excellent work at Goldman. There's no way he's going there to screw everyone possible. I think he will be a very positive addition to the Goldman board of directors.

Yeah, no matter how new the idea, unless it's about increasing profit, he will end up as nothing more than a PR move for GS. Goldman knows they are universally loathed <- hyperbole, but not by much. An Apple guy on board means the naive among us will wrongly associate Apple's goodwill with Goldman. It's not the same.

Funnier still, Cook just tore someone a new one about suggesting Apple make profit the only factor in business decisions. Now Oppenheimer joins the board of a company known for a profit above all else mentality. Wierd to me.

Rating: 5 Votes

jayducharme

67 months ago

Cook just tore someone a new one about suggesting Apple make profit the only factor in business decisions. Now Oppenheimer joins the board of a company known for a profit above all else mentality. Wierd to me.

To me as well. I was thrilled about Cook's rebuffing of the NCPPR. This does seem like a swing in the opposite direction. It would be heartwarming to think that Oppenheimer will change the climate at Goldman-Sachs. But I'm a bit too cynical to think that will happen.

Rating: 4 Votes

eas

67 months ago

Hmmmm. It seems like GS is trying to find a way to get Apple to do some big acquisitions...

Rating: 3 Votes

diazj3

67 months ago

A believer in Apple and the mission.

Sorry, what mission is that?

Because he will bring new ideas to the table. I'm sure he will do excellent work at Goldman. There's no way he's going there to screw everyone possible. I think he will be a very positive addition to the Goldman board of directors.

How do you know this? Do you know how Goldman Sachs board works? Just look at Goldman's history, operations and recent scandals... do you really think they brought him on to "change" things? or to profit from the relationship?

Perhaps you are being a bit naive?

Rating: 3 Votes

IJ Reilly

67 months ago

So now Wallstreet is gonna try the "back door" to get to Apple's cash hoard. They already tried the front door and Cook for the most part...said no.

The CFO will end up owned by Goldman. This will manifest as coups and intrigues within Apple with the net result that Cook will eventually be forced out in favor of a more "pliable" CEO.

This is really bad news. I can't think of a more slimy outfit than Goldman Sachs. You play in the pigpen, and you get dirty.

Baloney, baloney and... baloney.

Rating: 3 Votes

Rog210

67 months ago

Goldman are one of the most toxic, destructive forces operating today. Due to the hooks they have into the government they are also untouchable and can operate without fear of retribution.

If that's what Oppenheimer wants then so be it but it hurts the Apple brand to have someone so closely associated with these crooks.

Here's a primer for the uninitiated:

http://www.rollingstone.com/politics/news/the-great-american-bubble-machine-20100405

Rating: 3 Votes

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