goldman-sachs
Hamilton Nolan · 01/30/13 11:25AM
In Defense of Being Outraged by Things that Everyone Already Knows
Hamilton Nolan · 10/22/12 10:05AMLast March, Goldman Sachs VP Greg Smith quit his job in spectacular fashion—with a New York Times op-ed decrying the erosion of the firm's moral culture into a "toxic and destructive" state. Now, Greg Smith has a book coming out. He was on 60 Minutes last night. He has become, in mere months, the world's most famous insider critic of the go-go culture of Wall Street's biggest banks.
In Preparation For Tell-All, Goldman Sachs Pens Helpful Memo For Employees To Recite at Cocktail Parties
Alyssa Bereznak · 10/20/12 10:17AMGoldman Exec, Ping Pong Star Quits with Brutal Rant in The New York Times
Max Read · 03/14/12 09:19AMThere is no better way to quit your job than by unloading on your former employer in the pages of the country's paper of record, and for that if nothing else we salute (former) Goldman Sachs executive director Greg Smith, who has a Times Op-Ed today entitled "Why I Am Leaving Goldman Sachs." Spoiler alert: it's because the firm is filled with "morally-bankrupt" sociopaths.
Lame Hacker Didn't Spy on Goldman Sachs Board Meetings Even Though He Could Have
Adrian Chen · 01/23/12 05:53PMOccupy Wall Street Protesters Arrested at Another Goddamn Bank
Adrian Chen · 11/03/11 04:51PMOccupy Wall Street protested Goldman Sachs for being an evil bank today and a bunch of people got arrested. Zzzzzz. Sorry, but banks just aren't going to cut it after yesterday's exciting siege of an Oakland Whole Foods. The stakes have been raised: You gotta protest something with sexy elite cachet. Do the Apple Store!
How American Banks Are Engineering the Next Apocalypse, Again
John Cook · 11/02/11 02:31PMRemember credit default swaps? AIG? Hopelessly entangled exotic financial instruments tied to esoteric asset valuations that caused cascading defaults in 2008 and threatened to tank the global financial system unless taxpayers ate all the losses? Remember how we reformed Wall St. to make sure that never repeated itself? Someone tell Goldman Sachs, JPMorgan, and Morgan Stanley, because they've teed the whole damn thing up again, this time in Europe.
Jon Corzine is Still a Miserable, Well-Compensated Failure
John Cook · 10/31/11 11:26AMGoldman Sachs has taken plenty of well-deserved knocks over the last three years, but the man single-handedly most responsible for damaging the Wall St. giant's reputation hasn't worked there for more than a decade: Having done a tour as a shitty senator and a loathed governor, former CEO Jon Corzine has added failed futures broker to his post-Goldman career.
Former Goldman Sachs Director and McKinsey CEO Surrenders to FBI
John Cook · 10/26/11 11:20AMDeal of the Day: Groupon Now Only Worth $12 Billion
Ryan Tate · 10/19/11 07:31PMWhat a basketcase: Groupon has slashed its proposed valuation to $12 billion from $30 billion as it ramps up for an initial public offering. So if you're in the market for a technically insolvent online discounter with shady accounting, now is the time to buy! Goldman Sachs is involved, so you just know it's a good deal.
Call Goldman Sachs CEO Lloyd Blankfein on His Cell Phone and Cheer Him Up
John Cook · 10/18/11 01:30PMIt's been a rough day for Goldman Sachs CEO Lloyd Blankfein. His company reported a humiliating $428 million quarterly loss this morning, just the second in Goldman's 12-year history as a public company. We figured he might like a sympathy call from the Occupy Wall Street folks, who know how to get by with less. Here's his cell phone number.
Goldman Sachs Employees Warned Not to Occupy Wall Street
Hamilton Nolan · 10/12/11 04:31PMMeet the Man Who Keeps Facebook's Secrets
Ryan Tate · 10/05/11 02:45PMTrader: 'I Go To Bed Every Night and I Dream of Another Recession'
Jim Newell · 09/26/11 04:00PMHere's a pretty remarkable interview with independent stock and forex trader Alessio Rastani on the BBC this morning, in which he's either being perfectly candid about how traders are viewing the Eurozone crisis, or he's just trolling. Anyway, he's a sociopath.
Goldman Sachs Hunts Down Its Elevator Tweeter
Maureen O'Connor · 08/26/11 01:54PMThe golden age of anonymous corporate elevator Twitter accounts is ending. It lasted about a week. After @CondeElevator closed down operations because "This got really crazy. Love my job," a series of knock-off elevator Twitter accounts launched. The only worthwhile one was @GSElevator, tweeting overheard conversations from Goldman Sachs branches the world around. According to Page Six, the company's notorious rigid management has "kicked off an internal probe" on the matter. After reportedly trying—and failing—to get Twitter to freeze the account, Goldman is now "investigating who is behind it. They believe it is an intern or a young gun, but there are enough facts on the feed for bosses to suspect it is someone with access inside the company."
Goldman Sachs Shares Tank as Shifty CEO Lawyers Up
John Cook · 08/23/11 04:28PMWhy Did This Ex-Goldman Employee Working in Congress Change His Name?
Jim Newell · 08/18/11 03:01PMA staffer working for Rep. Darrell Issa's Oversight Committee on financial regulation issues has come under scrutiny by ThinkProgress for changing his name after he left his previous position at Goldman Sachs. The story implied that he changed his name three years ago to hide his background with the company.
Condé Nast Elevator Stops Tweeting, Goldman and Hearst Elevators Start
Maureen O'Connor · 08/11/11 12:14PMRich Bankers are Still Crying About 'Unfair' Pay Regulations
Jeff Neumann · 07/06/11 04:15AMPerforming God's work is tough, and should be rewarded accordingly. So it's no surprise that investment banking executives are still bitching and moaning about a looming Federal Deposit Insurance Corp "clawback provision" that would give the government the right to take back up to two years of executives' pay if their banks fail and they ruin the global economy again. It's obviously The Poors' fault for being poor and and stupid and for losing their money, not the guys who are in charge of it.