Word: goldmans
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Edward C. Forst ’82, Harvard’s first executive vice president who stepped down Aug. 1 after a year on the job, will return to Goldman Sachs on Sept. 8 as the firm’s senior strategy officer while continuing to advise Harvard on finances and capital planning...
Forst, who had spent 14 years at Goldman immediately prior to his brief tenure at Harvard, will rejoin the company’s management committee and “review, define, and focus the firm’s global strategy,” according to an internal memo sent by Lloyd C. Blankfein ’75 and Gary D. Cohn, Goldman’s CEO and president, respectively...
Forst, who holds an MBA from the University of Pennsylvania, arrived from Goldman Sachs at the end of a protracted year-long search. Though new to higher education administration, he had kept a hand in Harvard’s affairs, co-chairing several class gift committees and the University Committee on Student Excellence and Opportunity...
Figuring out how to balance the proper ongoing motivation of some of the nation's best and brightest people with the still simmering public anger toward Wall Street - and, at the moment, toward Goldman Sachs in particular - may be Blankfein's biggest management challenge yet. And he knows it. "Everybody's goal in life is to get 105% credit for all the good things they do and much less recognition for all the bad things they do," he says. "But with us, bizarrely, the view seems to be, What's good is bad and what's bad is good. There...
Blankfein is convinced that Goldman Sachs is good for its clients, for the world's capital markets - and yes, for America as well. "I would like for us to be thought of as always doing the right thing and for people at the firm to be confident that they are doing the right thing," he says. Now if only he could get the public to see things this...