A chronicle of one of the world's most mysterious firms from a
former Goldman foreign exchange vice-president. This tracks the
rise of the proprietary trading and investment banking powerhouse
from modest beginnings in the 1880s to being ostensibly the most
powerful player in today's world financial markets. Goldman Sachs
is the firm that institutionalized using P/E ratios for stock
valuation and developing commercial paper and risk arbitrage. There
are insights into the key figures behind the company's success from
the years of leadership under Sidney Weinberg to the joint
modern-day control of John Whitehead and Robert Rubin, as well as
vivid descriptions of the Goldman culture, career paths, and the
firms backbreaking workaholic environment. Every successful job
candidate endures interviews with at least 20 vice-presidents and
partners, and the bank demands that each is not an employee, but a
contributor who is expected to give the performance of his/her
life. Although the information she here been meticulously
researched this book could be more focused. That aside, it still
provides wonderful historical analysis. (Kirkus UK)
Goldman Sachs, the premier investment bank in the world, was until recently Wall Street’s last major private partnership, and significantly more profitable than any of its publicly owned competitors. How it sustained this success for most of its 129 years has for decades mystified financial players and pundits. Now, in this fascinating and authoritative study, the Goldman Sachs history and mystique are examined in unprecedented depth. Endlich, a former Goldman Sachs vice president with access to all levels of management, traces the rise and development of the firm in the context of its prevailing concept, ‘People and Culture.’ She documents how close client-contact, teamwork, and focus on long-term profitability over short-term goals brought the firm to a pinnacle of $3 billion pretax profits in 1997. In June 1998 the partners of Goldman Sachs voted to go public, and it made international front-page news. The story of the transformation will continue to attract extensive coverage.
General
Is the information for this product incomplete, wrong or inappropriate?
Let us know about it.
Does this product have an incorrect or missing image?
Send us a new image.
Is this product missing categories?
Add more categories.
Review This Product
No reviews yet - be the first to create one!