Word: goldmans
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Gordon arrived on Wall Street in time for the 1929 stock market crash. After leaving his first job at Goldman Sachs, Gordon purchased the stock brokerage firm Kidder, Peabody & Co in 1931 and led the firm through the Great Depression...
...much money they will be asked to bring in as new capital. Citigroup (C), Wells Fargo (WFC), and Bank of America (BAC) are troubled, as the government sees it, and will have to improve their balance sheets by a combined total of almost $60 billion. JP Morgan (JPM) and Goldman Sachs (GS) passed the tests and are free from any additional obligations. The stock market has been voting on which banks are in trouble. The price of the shares in each of the banks indicates that traders already knew which firms had problems...
...capitalism and the banking system. In the meantime, the public has loved watching the tension of big companies pitted against big government. Rich and famous bankers have been ridiculed in public. Some have lost their jobs. Hank Paulson, a well-built former Dartmouth football player and former head of Goldman Sachs and mild-mannered Ben Bernanke have been accused of manipulating a major decision by a public company, Bank of America's (BAC) decision about whether it should by Merrill Lynch, overriding the normal and legal corporate governance system. Put more simply, they broke a law in the name...
...Stressing independence from big business could boost a government's image. In the Chicago Booth/Kellogg School poll, 40% of Americans felt former U.S. Treasury Secretary Hank Paulson - previously the boss of Goldman Sachs - had been acting in the interests of the investment bank, and not America...
...business, consulting, or finance. Many of these students were lured to the business world because of the lucrative financial benefits associated with such jobs. Unfortunately, many public-sector jobs require students to sacrifice the opportunity to make a great deal of money. A student with a summer internship at Goldman Sachs, for example, will receive a much higher salary than a student working for his local congressman. Commendably, Harvard has taken great steps to address this inequality. The IOP’s Summer Stipend Program offers a stipend to students working in low- or non-paying summer jobs in government...