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Goldman Sachs
Posted: Mon Jun 13, 2016 2:33 pm
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.
Re: Goldman Sachs
Posted: Mon Jun 13, 2016 2:35 pm
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.
Re: Goldman Sachs
Posted: Mon Jun 13, 2016 4:06 pm
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.
Re: Goldman Sachs
Posted: Mon Jun 13, 2016 4:58 pm
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?