Can Goldman Sachs Restore Its Image?

Monday, March 19, 2012

In the days since former Goldman Sachs vice president Greg Smith resigned with a scalding New York Times Op-Ed, the company's reputation has come under fire on all sides. But how fair has the criticism been? And what can Goldman do to rehabilitate its image?

William Cohan is a former investment banker and author of "Money and Power: How Goldman Sachs Came To Rule The World."

Guests:

William D. Cohan

Produced by:

Mythili Rao

Comments [1]

Charles

Not that The Takeaway would ever think about challenging the selective narrative of The New York Times; but there actually is a different view on this story, one that The Takeaway's producers have ignored.

It was expressed in part by Holman W. Jenkins Jr, in the Wall Street Journal in a column (subscription required) in which he asked some of the good questions -- if Greg Smith is so convinced of a long-term "toxicity" at Goldman, why did he remain so long? He never mentioned his personal involvement in any wrongdoing or abuse of clients. Smith never explained why well-funded corporate clients would continue to deal with Goldman if Goldman was cheating clients, and he never talked about whether Goldman shareholders were happy with the firm's performance.

http://online.wsj.com/article/SB10001424052702304692804577285402339170874.html

Mar. 19 2012 09:00 AM

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