Wednesday, March 3, 2010

Goldman Sachs worried that lack of love for them will impact profits.

Company Sees Negative Media Coverage as a Potential Threat to Its Business; Aggressive Responses
In its annual report, the New York company said "adverse publicity" could have "a negative impact on our reputation and on the morale and performance of our employees, which could adversely affect our businesses and results of operations."


  1. Goldman also said its board of directors rejected demands from shareholders that the company investigate excessive compensation and take steps to recoup some of the awards given to executives.

    If Goldman is not accountable to at least its share holders, then what?

  2. You tell me vza... :)

  3. vza, the chairman of Goldman Sachs has told us that he is doing God's work. He is answerable to a higher authority.