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RIP Goldman Sachs
Article

RIP Goldman Sachs

When I started out at Goldman, it was the most feared firm on Wall Street. Those days are gone for good.



Editorial Rating

8

Qualities

  • Background
  • Engaging
  • Insider's Take

Recommendation

In investment banking, the Goldman Sachs brand exuded bravado, confidence and superiority. Goldman always seemed one step ahead of the competition; its alumni served in institutions and governments around the world. But since the 2008 financial crisis, stakeholders believe the brand has lost its luster. Journalist and former Goldman analyst Bethany McLean weaves a detailed narrative about the challenges senior leaders face to right the Goldman ship. Investors, executives and financial professionals will find this an insightful examination of a storied firm. 

Take-Aways

  • Goldman Sachs CEO David Solomon seeks to revitalize the illustrious firm after a decade-long malaise. 
  • Solomon’s efforts have produced a mixed bag of wins and losses. 
  • Many employees resisted changes at Goldman and left, fueling a talent drain.

About the Author

Special correspondent at Insider Bethany McLean is a contributing editor at Vanity Fair.