Business Services Industry
Court Case Offers Peek into Easy Cash Flow at Goldman Sachs.
Knight Ridder/Tribune Business News, April, 2004
Daily Mail, London Knight Ridder/Tribune Business News
Apr. 21--There will be a great deal of schadenfreude in City bars now that the long-running trial of Goldman Sachs personal assistant Joyti De Laurey is over.
Goldman has worked hard in London and New York to become part of the established order.
In America, it has been a dominant force in the Democratic Party, providing a recent Treasury Secretary, Robert Rubin, and a Senator, Joseph Corzine. In Britain, its former chief economic strategist Gavyn Davies, a Labour donor, was elevated to chairman of the BBC.
But behind the image of respectability, the court case revealed a culture where money was so free and easy that a successful mergers and acquisitions banker, Scott...
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