It must be great to be Warren Buffett, and not just for the money and influence. Recent court testimony in the insider-trading trial of former Goldman Sachs director Rajat K. Gupta elicited this gem: while negotiating a $5 billion investment in Goldman at the height of the financial crisis—an investment that would shore up the bank’s …
Goldman Sachs
Facebook, Wall Street Banks Sued Over Pre-IPO Financial Forecasts
Just days after its controversial IPO, Facebook and its Wall Street bankers have been hit by shareholder lawsuits alleging that the social networking giant and its underwriters concealed the company’s decelerating revenue growth …
Facebook IPO Furor: Feds Probing Deal Over Insider Bank Warnings
Facebook IPO Fallout: Four Lessons from a Rocky Public Debut
Facebook shares fell 11% on Monday, after Morgan Stanley and other Wall Street banks ceased to prop up the social network’s stock at Friday’s $38 offering price. Although the IPO was a big success for Facebook and its early …
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 …
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 …
Goldman Sachs Sells Village Voice Stake After Sex Trafficking Furor
It’s been a rough couple of weeks for Wall Street giant Goldman Sachs. Still, it’s hard to imagine a more embarrassing public relations fiasco than being connected with child sex trafficking — even indirectly. But that’s exactly …
Apparently, Even Wall Street Thinks Little Of Wall Street
Goldman Sachs is getting most of the negative headlines. But Wall Street firms across the board say their industry invites scorn. Can they ever change?
With ‘Muppet’ Hunt, Will Goldman Sachs End E-mail Smack Talk?
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 …
Goldman Sachs Has Friends in High Places, Led By Mayor Bloomberg
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 …
Why the Market Is Not Stacked Against the Little Guy
Institutions such as Goldman Sachs have many advantages over individual investors, but sometimes the little guy has the edge.