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Goldman Sachs Lloyd Blankfein on CNBC: Client Response to Greg Smith Op-Ed Positive
Wednesday, April 25, 2012 - 11:12am | 118Read More...Currently, Blankfein is speaking in an interview on CNBC. Blankfein said the response to Greg Smith's Op-Ed from clients has been positive. He stated that the bank has the best client franchise in the business. Blankfein cited a statistic that 90% of people who get job offers from Goldman accept...
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Spin Control In Effect At Goldman in Wake of Greg Smith Fallout
Wednesday, March 14, 2012 - 2:45pm | 764Read More...Upper management at Goldman Sachs (NYSE: GS) is not having a good day on Wednesday after a former executive quit the firm by penning a scathing op-ed in the New York Times which describes Goldman's culture as "toxic" and "destructive." The rebuke was brutal and the story has become a global...
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Goldman Sachs' Psychopathic Culture Under Blankfein Confirmed By Greg Smith?
Wednesday, March 14, 2012 - 12:58pm | 1034Read More...Last June, I wrote a piece calling for the ouster of Lloyd Blankfein as CEO of Goldman Sachs (NYSE: GS). The premise behind the article was that Blankfein has become synonymous with the financial crisis "and the perception of Goldman Sachs as a major purveyor of greed, corruption, and cronyism on...
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Report: Lloyd Blankfein May Be On His Way Out At Goldman
Tuesday, February 21, 2012 - 3:16pm | 448Read More...Fortune magazine is reporting that Goldman Sachs (NYSE: GS) Chief Executive Lloyd Blankfein may step down as early as this summer. Current President and Chief Operating Officer Gary Cohn is apparently the top candidate to replace him. Goldman shares are up around 1% on Tuesday in the wake of the...
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Three Scary Mistakes Investors and Corporate Execs Make
Monday, October 31, 2011 - 11:39am | 817Read More...Even the most brilliant minds in finance can make terrible mistakes. And when they do, the results are usually as bad as a lame summer blockbuster that ultimately flopped. 3. They Don't Know When to Quit Is there anyone left that believes that MF Global (NYSE: MF) will make a comeback? It's not...
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Goldman Sachs Unfairly Rewards Employees "At Shareholders' Expense," Lawyer Claims
Thursday, September 8, 2011 - 8:47am | 233Read More...What, you mean to tell me that Lloyd Blankfein's $19 million paycheck was too much? That's crazy talk! According to John Harnes, an attorney for Goldman Sachs (NYSE: GS) investors, the company's compensation plan (which nearly doubled Blankfein's total compensation last year) is unfairly rewarding...
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Dick Bove Tells Bloomberg TV That Bank of America Has Sufficient Capital
Tuesday, August 23, 2011 - 12:51pm | 701Read More...Rochdale Securities analyst Dick Bove told Bloomberg TV's Margaret Brennan this morning that Bank of America has sufficient capital and that you cannot "break the bank" by driving the stock price lower. Bove also re-affirmed his belief that Goldman Sachs needs to shake up its management ranks....
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Goldman Sachs CEO Shows Signs of Fear, Hires High-Profile Defense Attorney
Monday, August 22, 2011 - 5:22pm | 540Read More...Reid Weingarten, a high-profile Washington defense attorney, has been hired by Goldman Sachs's chief executive officer, Lloyd Blankfein. Reuters has the exclusive, reporting that Blankfein, who is in his sixth year as the CEO of America's largest investment bank, has spent the last two years...
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Can Groupon Be The White Knight For Stocks?
Wednesday, August 10, 2011 - 11:56am | 672Read More...The Groupon IPO. The one everyone has been waiting for. This morning, some details were released about about the company's second quarter, as it had an amended filing with the SEC to get rid of its accounting metric, known as "adjusted consolidated segment operating income,” or ACSOI. “While we...
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Even Goldman Sachs Couldn't Hedge This Loss
Friday, July 29, 2011 - 2:36pm | 706Read More...According to Reuters own @Lauren LaCapra, there is a serious brain drain going on at Goldman Sachs Group Inc's (NYSE: GS), the likes of which the bank has not seen in some time. There has been several who have left the North American government bonds and derivatives trading desk over the past few...
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Why You Want Wall Street Fat Cats To Win On This One
Thursday, July 28, 2011 - 3:29pm | 722Read More...The average American hates the fat cats on Wall Street. Jamie Dimon, Lloyd Blankfein, and the countless traders and investment bankers who rake in millions of dollars in bonuses are not exactly everyone's favorite people. In fact, President Obama continuously bashes hedge fund managers who pay...
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After That Release, Should Goldman Be Downgraded To Silverman?
Tuesday, July 19, 2011 - 8:48am | 806Read More...That was nothing short of a brutal earnings report from Goldman Sachs (NYSE: GS) and is worth of asking whether the prestigious investment bank has lost its luster on Wall Street. The New York-based investment bank reported earnings of $1.85 per share on $7.28 billion in revenues. Wall Street...
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Andrew Ross Sorkin (Sorta) Defends Blankfein On Perjury Accusations
Tuesday, June 7, 2011 - 1:40pm | 256Read More...Andrew Ross Sorkin wrote an interesting piece on the accusations that have been leveled against Goldman Sachs CEO Lloyd Blankfein that he perjured himself in congressional testimony regarding the investment bank's positioning in the mortgage market prior to the collapse. Blankfein told the...
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Charlie Gasparino Says DOJ May Decide Blankfein's Fate
Tuesday, May 24, 2011 - 3:07pm | 246Read More...In a report filed with Fox Business, Charlie Gasparino is reporting that Goldman Sachs (NYSE: GS) CEO Lloyd Blankfein's fate may be decided not by him, but by the Department of Justice. Despite reports that Blankfein wants to stay on for a few more years, and he has no plans to step down currently...
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Dick Bove Tells Fox Business Network He Would Be Surprised If DOJ Did Not Investigate Blankfein
Thursday, May 12, 2011 - 6:00pm | 202Read More...FOX Business Network (FBN) Senior Correspondent Charlie Gasparino reports on the mounting pressure Goldman Sachs CEO Lloyd Blankfein is facing with “multiple investigations” by the Securities and Exchange Commission (SEC) and Department of Justice (DOJ) on allegations of insider trading. Rochdale...

