Saturday, October 12, 2013

Review: What Happened to Goldman Sachs -

Another look at how investment banks changed after the abandonment of partnership.  This is a book review that is behind a paywall.  However, the book may be worth the read.

Review: What Happened to Goldman Sachs - "The year after Goldman Sachs went public in 1999, the investment bank threw a raucous party for clients at the Venetian Hotel on the Las Vegas Strip. Girls in high heels served candy and cigars while synchronized swimmers performed in the pool. Jay Leno was flown in for a private show. Traders bet tens of thousands of dollars on single hands of poker downstairs in the casino. It was one heck of a party. (Full disclosure: I attended as a rube analyst at the firm.)
It was also a very un-Goldman-like event. A private partnership since 1869, the bank had ..."

No comments: