Dayhoff Soundtrack: GOLDMAN SACHS' RESPONSE TO MARCH 14, 2012 NEW YORK TIMES OP-ED

Sunday, March 18, 2012

GOLDMAN SACHS' RESPONSE TO MARCH 14, 2012 NEW YORK TIMES OP-ED

The following is the message Lloyd C. Blankfein and Gary D. Cohn sent March 14, 2012 to the people of Goldman Sachs.

http://www.goldmansachs.com/

http://www.goldmansachs.com/media-relations/comments-and-responses/current/nyt-op-ed-response.html

By now, many of you have read the submission in today’s New York Times by a former employee of the firm. Needless to say, we were disappointed to read the assertions made by this individual that do not reflect our values, our culture and how the vast majority of people at Goldman Sachs think about the firm and the work it does on behalf of our clients.

In a company of our size, it is not shocking that some people could feel disgruntled. But that does not and should not represent our firm of more than 30,000 people. Everyone is entitled to his or her opinion. But, it is unfortunate that an individual opinion about Goldman Sachs is amplified in a newspaper and speaks louder than the regular, detailed and intensive feedback you have provided the firm and independent, public surveys of workplace environments.

While we expect you find the words you read today foreign from your own day-to-day experiences, we wanted to remind you what we, as a firm – individually and collectively – think about Goldman Sachs and our client-driven culture.

First, 85 percent of the firm responded to our recent People Survey, which provides the most detailed and comprehensive review to determine how our people feel about Goldman Sachs and the work they do… http://www.goldmansachs.com/media-relations/comments-and-responses/current/nyt-op-ed-response.html

UPDATE: ++++++++++

http://kevindayhoff.blogspot.com/2012/03/when-vampire-squids-become-cannibals-by.html

When Vampire Squids Become Cannibals – by Kevin Dayhoff – The Tentacle March 21, 2012

March 21, 2012

When Vampire Squids Become Cannibals

Kevin E. Dayhoff http://www.thetentacle.com/author.cfm?MyAuthor=41

So, as one may imagine, a headline like “Why I Am Leaving Goldman Sachs,” caught my eye.

Goldman Sachs, the venerable ginormous, intergalactic investment banking, financial services and securities firm has arguably found itself in the caustic crosshairs of public scrutiny more in the past several years than at any other time in its storied history that goes back to 1869… http://www.thetentacle.com/ShowArticle.cfm?mydocid=4986

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"Leadership used to be about ideas, setting an example and doing the right thing. Today, if you make enough money for the firm (and are not currently an ax murderer) you will be promoted into a position of influence." … http://www.huffingtonpost.com/wendell-potter/goldman-sachs-greg-smith_b_1362755.html?ref=politics&ir=Politics

Labels: 2007 2008 Subprime Mort Crisis qv Bus, Bus Econ 2007 The Great Recession, Bus Econ 2009 Econ Stimulus, Bus Econ Goldman Sachs, History 2009 Yr in Review, Journalists Taibbi Matt, Vampire Squid, Bus Econ 2012, Bus Econ Ethics and morality,

Labels: Bus Econ 2012, Bus Econ Ethics and morality, Bus Econ Goldman Sachs, Erratum Ethics and morality, Media Huffington Post, Vampire Squid

http://kevindayhoff.blogspot.com/2012/03/july-9-2009-matt-taibbi-rolling-stone.html

http://kevindayhoff.blogspot.com/2012/03/kristi-hedges-huffington-post-guess.html

When Vampire Squids Become Cannibals – by Kevin Dayhoff – The Tentacle March 21, 2012

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Labels: 2007 2008 Subprime Mort Crisis qv Bus, Bus Econ 2007 The Great Recession, Bus Econ Goldman Sachs, Journalists Taibbi Matt, Vampire Squid, Bus Econ 2012, Bus Econ Ethics and morality,

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