Word: goldmans
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...shrewd business move. Competitors exploit that. But an alternative is quietly saying no and making sure to let your competitors know you are saying no so they can pile onto the policy of fiscal discipline. There are lots of other things you can give talent besides money. For years Goldman Sachs convinced people that their highest value was their connection to Goldman Sachs. And people hardly ever left the firm...
...Right. Money obviously means nothing to anyone at Goldman Sachs. A lot of people have sounded the death knell for print media, but you disagree. Why? People don't realize how much better a business it was to start with. The worst kind of business is the hit-driven business. One celebrity can hold up your entire enterprise. People are forever tricked into believing that somebody has the magic sauce and must be paid whatever they ask. Businesses such as newspapers, where the content is continuous and you're relying on the value of a franchise rather than a star...
...Geithner has been working Wall Street too. In the middle of last week he met with a group of top bankers, including Jamie Dimon of JPMorgan, Lloyd Blankfein of Goldman Sachs and others, and told them that while they were welcome to fight his efforts, the political environment was on his side. "In the long run we all need to restore trust in the system," Geithner told the bankers, according to a top aide familiar with the conversation, "People want to see that something's being done." (Read TIME's cover story, "What's Still Wrong with Wall Street...
...even grassroots - we're just the roots," says Mitch Goldman, 30, a graduate student from North Carolina who describes himself as the de facto head of the organization. Goldman says he has a "serious case of mustache envy" for Movember's organization and scale, but thinks there's room for his organization to grow too. "It's an open-source model - I'd like us to have a toolkit where anyone who would like to do this could start a group," he says. Unlike Movember, Mustaches for Kids has 30 to 40 relatively autonomous chapters; each chooses which month...
...Goldman says the decentralized approach gives local organizers a sense of ownership over their mustache-based efforts that might be lost in the scope of something like Movember. That philosophy is also reflected in the charity most chapters work with, a website called Donors Choose. The site lets local teachers post classroom projects that would otherwise go unfunded - donors contribute to the most deserving requests. Goldman says this lets local chapters make a difference for kids directly in their community, rather than contributing to a more anonymous national organization. But Mustaches for Kids biggest advantage of all, Goldman claims, might...