Tag Archives: Goldman Sachs

For Financiers, Glass Pockets Are No Longer Enough

In 1909, as the federal government was first moving towards regulation of the financial industry, J.P. Morgan is said to have told friends, “The time is coming when all business will have to be done in glass pockets.” Goldman Sachs is about to find that, for the financial world today, glass pockets are no longer […]

Did Goldman’s Apology Backfire?

In a speech Tuesday night, Goldman Sachs CEO Lloyd Blankfein reportedly apologized for his company’s role in the financial markets crisis, saying, “We participated in things that were clearly wrong and have reason to regret.” Apologies are always tricky business for people or organizations under siege in the media. Sometimes they can be helpful. When […]

Goldman CEO Gets Impish, Gets Burned

Does Goldman Sachs have a God problem? A God complex? An ungodly headache? Goldman, once a venerable institution known for keeping close counsel, is now a lightning rod for populist criticism of the financial sector. And its latest public relations efforts don’t seem to be helping. The bank’s very success – turning a profit in […]