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."


William D. Cohan

Produced by:

Mythili Rao

Comments [1]


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.

Mar. 19 2012 09:00 AM

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