Goldman's public debate: American investment banks. (Goldman Sachs and Co. remains private despite growing problems)
Economist (US), The, August, 1995
Goldman Sachs had one of its worst performances in 1994, followed by a wave of managerial defections and layoffs of 1,000 workers. Yet the investment firm stubbornly remains a private partnership. Goldman Sachs may never realize its aspiration of becoming a global powerhouse.
THE newspaper headline is fat and striking: "Can mighty Goldman stay private?" A lengthy article explores the investment bank's options. In a globalising industry driven by consolidation and an insatiable appetite for capital and risk-taking, is the firm's status as a private partnership still appropriate? No, say several pundits, confidently concluding that within a year or two Goldman will become a publicly traded company. After all, competitors such as Morgan Stanley have already led the way....
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- Design a commission plan that drives sales - Sales Commissions
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- Getting the global view: Nestle, led by Peter Brabeck-Letmathe, climbs to the #1 spot in this year's Best Companies for Leaders
