Goldman Sachs

  • A shout out to lobbyists

    The Daily Beast today reports that "As Congress debated the financial reform bill, 850 business, trade groups and other corporate interests threw over 3,000 lobbyists at Capitol Hill and spent over $1.3 billion in 2009. The U.S. Chamber of Commerce led the way with its contingent of 85 lobbyists with the Securities Industry and Financial Markets Association tossing in another 54 of their own. Around 175 groups involved in the MORE

    - May 21, 2010 10:55 AM ET
  • The lesson of Goldman Sachs, or How the lizard will shed its tail

    It's amazing what expensive messaging can buy. The first wave of publicity surrounding the SEC case against Goldman was fierce and damning. Now what we're seeing is their Public Relations dollars at work. The conversation has shifted, have you noticed? What was huge, solid outrage against Goldman has moderated, and thoughtful (if bald) heads are prevailing.

    Of course Goldman took short positions against its long bets on the real estate market. Wasn't MORE

    - Apr 26, 2010 2:05 PM ET
  • Note to Lloyd Blankfein: Stupidity is the best defense

    Things look pretty blank and far from fine for Lloyd this morning. But buried within the situation is a strategy that may serve him well in the days to come. Ken Lay explored it to some effect. It's called executive ignorance, and anybody who has worked in the upper echelons of corporate life knows it's a very credible defense indeed.

    I'm not saying it's true, mind you. Just credible. At least MORE

    - Apr 19, 2010 11:28 AM ET
  • Things To Do This Week

    1. Fix Greece. Nobody can have any fun until they break out the Ouzo. Perhaps Goldman Sachs can help, since they made so much money betting on the bazoukis to fail.

    2. Pick up dry cleaning.

    3. Get media to declare the recession is over. No, it's not over, but if they say it is at least they'll be doing something constructive.

    4. Requisition dumpster. Clean out credenza.

    5. Pay Federal income tax.

    6. Pay MORE

    - Apr 12, 2010 9:07 AM ET
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  • Blankfein vs. Dougan -- Compensation Smackdown!

    Word comes from Credit Suisse that Brady Dougan, the Chief Executive of that fine fiduciary institution, earned $17.9 million in 2009, which is six times more than he made in 2008. This makes good sense. 2009 was a much better year than 2008, and any fair evaluation of compensation should account for that. Also, Mr. Dougan's comp is pretty much consonant with the nuts and berries that were paid to execs MORE

    - Mar 26, 2010 12:12 PM ET
  • On Accountability

    What do any of the predictors, prognosticators, seers, sooth-sayers and other artists of that sort have to say for themselves in the wake of all the failed predictions, prognostications, visions and general collapses of sooth we've got going on right now?

    - Oct 22, 2008 10:48 AM ET
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  • Buddy, can you spare $250 billion?

    As society grows and changes, then, our idea of the proper role of Government -- what it needs to do to protect the needy, the weak, the powerless, the downtrodden, the huddled masses and their friends -- mutates and shifts along with it. Today we can add another group to the list of those who require intercession by We the People: Big Banks

    - Oct 14, 2008 11:14 AM ET
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