Goldman Sachs

Stuff we should click on.  Be sure to state Not Work Safe, if applicable.  KTHX.
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Leisher
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Goldman Sachs

Post by Leisher »

Hiring prostitutes to win business.

I like that people are genuinely shocked about this story. I can only assume they've never had any purchasing or selling position in a business.
“Activism is a way for useless people to feel important, even if the consequences of their activism are counterproductive for those they claim to be helping and damaging to the fabric of society as a whole.” - Dr Thomas Sowell
Malcolm
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Re: Goldman Sachs

Post by Malcolm »

John Oliver had a rant about financial advisers and the like last night.
The allegations came at the start of a legal claim by the Libyan Investment Authority for $1.2bn (£846m) from the investment bank. Lawyers for the LIA are claiming for losses on nine trades that Goldman Sachs executed for the fund between January and April 2008.

The LIA lost almost all its investment through the trades – one of which was the largest that the bank had undertaken in a single stock – while Goldman Sachs generated “eyewatering” profits of over more than $200m from the trades, Roger Masefield, a QC for LIA, said.
Mainly because they told people to make trades in the best interests of the broker to rack up those sweet, sweet fees.
Diogenes of Sinope: "It is not that I am mad, it is only that my head is different from yours."
Arnold Judas Rimmer, BSC, SSC: "Better dead than smeg."
GORDON
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Re: Goldman Sachs

Post by GORDON »

Leisher wrote:Hiring prostitutes to win business.

I like that people are genuinely shocked about this story. I can only assume they've never had any purchasing or selling position in a business.
I was telling one of my rural friends about things salesmen will do to make a sale. She didn't believe me.
"Be bold, and mighty forces will come to your aid."
TheCatt
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Re: Goldman Sachs

Post by TheCatt »

Leisher wrote:I like that people are genuinely shocked about this story. I can only assume they've never had any purchasing or selling position in a business.
Right?
It's not me, it's someone else.
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