Many believe that it won't be worth buying Greg Smith's book, Why I Left Goldman Sachs. However, his latest interview showcased on CBS' 60 Minutes last evening has simply transformed the views of many. He was there to promote his own book.
This mid-level executive, who served Goldman Sachs for 10 years, let the company face major troubles when he resigned from his job. On the last of his job, he published an article in the New York Times, which ripped the company, and clearly through his views asserted that for the company, the customers are simply like the muppets.
If we go with what Mr. Jack Welch says about maximizing the shareholder value, then it seems that the dumbest firm in the world is none other than Goldman Sachs, really?
On Thursday, the financial services firm, Goldman Sachs Group Inc. is scheduled to report its first-quarter results before the market opens.
Over-attacked with a lot of demand, Goldman Sachs Group Inc. has been contemplating about stopping to take orders for the shares of Facebook Inc. from today itself, and has apparently said to few prospective investors to expect only a little percentage of the shares they had asked for, as revealed by some people familiar with the matter.
The residential property segment in the New Zealand economy continues to stay weak for the month of September as the earthquake that hit the Canterbury region has left many players struggling to boost the residential construction sector.
It is to be mentioned here that the sale of the new residential buildings that will exclude apartments fell by close to 2.6% standing at 2,204 in the month of September.