Goldman Sachs, the most powerful investment bank on Wall Street, is getting into the social media game. In a job posting on the company website, the bank said the ideal candidate will be responsible for “monitoring online conversations and participating in those conversations to build brand visibility and thought leadership.” It’s just the latest step in an image campaign launched by newly-installed PR honcho Jake Siewert designed to rehabilitate the company’s image after years of public scorn in the wake of the financial crisis.
Goldman Sachs, still smarting from the scathing public resignation of 32-year-old banker Greg Smith, is conducting a companywide e-mail scan looking for the word muppets and other derogatory terms, according to Reuters. While most Americans associate the Muppets with Jim Henson’s furry creatures, it turns out that muppets is slang for “stupid people” in Britain, [...]
As the fallout over Greg Smith’s public resignation continues to swirl around Goldman Sachs, several powerful figures have rallied to the bank’s defense, including New York Mayor Michael Bloomberg — who made his fortune supplying data terminals to Wall Street — and Morgan Stanley CEO James Gorman. Even as Goldman faces a torrent of negative [...]
In one of the most devastating resignation letters in the history of Wall Street, Greg Smith, an executive director for Goldman Sachs’ equity derivatives business, absolutely unloads on his old firm, accusing it of betraying its clients in the single-minded pursuit of profits.
Goldman Sachs CEO Lloyd Blankfein is sorry. Speaking yesterday at a conference sponsored by Directorship magazine (which has named him CEO of the Year), Blankfein expressed remorse for the firm’s role in helping to bring the country to the brink of financial collapse: “We participated in things that were clearly wrong and have reason to [...]
