The Vampire Squid is still beloved . . . by its employees
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Goldman Sachs
Rewiring the Banker Brain
A culture shift is still needed to reconnect finance with the real economy.
Uber: Silicon Valley App-Hailing Startup Takes On NYC Taxi Industry
San Francisco startup Uber’s ‘black-car’ mobile app has been a big hit with riders and drivers. But the company is running into a snarl of traffic as it tries to extend its service to New York City taxi-cabs.
Facebook Hits Record Low as Insider Stock Sale Lock-Up Period Ends
Facebook’s IPO — in which insiders cashed out $10 billion — now ranks as “the worst performer among all large IPOs on record,” according Bloomberg.
The Accounting Trick Behind Thirty Years of Scandal
Once upon a time, New York City’s Times Square was plagued with Three Card Monte dealers who made their living bilking unsuspecting tourists out of their five and ten dollar bills with the aid of paid shills and a little …
Hey, At Least Investment Bankers Are Losing Their Jobs, Too
It’s been five years since the 2008 financial crisis upended the global economy, and while corporate profits and national output have recovered, there are still 4.7 million fewer private sector jobs than at the beginning of the …
Moody’s Downgrades — Should We Care?
You’d be forgiven for asking who cares about Moody’s downgrading yesterday of 15 of the world’s biggest banks, including giants like Credit Suisse, Morgan Stanley, Barclays, BNP Paribas, Citigroup, Goldman Sachs, JPMorgan Chase …
Facebook Wants to Connect with You After All
Facebook is connecting with Mom and Pop. The world’s most popular social media site has added an online trading firm to group of firms underwriting its IPO — and is serving up a video for potential investors that might well have …
7 Twitter Accounts Goldman Sachs’ New Social Media Guru Must Follow
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 …
Goldman CEO Blankfein Reboots as Bernanke Stays the Course
Goldman Sachs CEO Lloyd Blankfein has launched a complete image makeover, according to Fox Business Network. Appearing in shirt-sleeves Wednesday on CNBC and Bloomberg TV, Blankfein didn’t swear to do “God’s work” — as he has in …
Goldman Sachs: Best Way to Survive the ‘Fiscal Cliff’ Is Sending Obama, Republicans Back to Washington
Market observers are worrying about a new obstacle in the path of economic recovery: America’s impending “fiscal cliff.” Economists from Fed Chairman Ben Bernanke to Alan Blinder have been warning of the $600 billion that …
Sex on the Internet: Sizing Up the Online Smut Economy
When the news broke that Goldman Sachs had rid itself of its investment in Village Voice Media due to the company’s connection with Backpage.com, a website known mostly for its advertisements for “escorts” and certain kinds …