LA Times (August 10)
The “Arab Spring” may not have succeeded in bringing democracy to the Middle East. But it has provided powerful evidence of a different phenomenon: the illusion of U.S. influence over governments we once considered our clients.”
Tags: Arab spring, Clients, Democracy, Governments, Influence, Middle East, U.S.
Forbes (August 6)
“Call it the best disaster and recovery Wall Street has seen in a long time. In less than a week, Knight Capital screwed up royally to the point of near failure and then managed to save itself with the help of outside investors…. If a financial institution is going to mess up then this is the way to do it—without hurting clients and without getting taxpayers involved.”
“Call it the best disaster and recovery Wall Street has seen in a long time. In less than a week, Knight Capital screwed up royally to the point of near failure and then managed to save itself with the help of outside investors…. If a financial institution is going to mess up then this is the way to do it—without hurting clients and without getting taxpayers involved.”
Tags: Clients, Investors, Knight Capital, Taxpayers, Wall Street
New York Times (March 14)
An opinion piece by Greg Smith is creating a PR nightmare for his former employer. Entitled “Why I Am Leaving Goldman Sachs,” Smith’s article has become the newspaper’s most e-mailed article. After working nearly twelve years at the firm, Smith wrote the letter on his last day. Smith longs for the once-proud culture that placed value on clients and bemoans the firm’s present atmosphere, which he describes as “toxic and destructive,” focused on making money off clients rather than providing them with the best solutions. “Goldman Sachs today has become too much about shortcuts and not enough about achievement. It just doesn’t feel right to me anymore.” Smith hopes his letter will wake up the Board of Directors. He urges them to “Make the client the focal point of your business again. Without clients you will not make money. In fact, you will not exist.”
An opinion piece by Greg Smith is creating a PR nightmare for his former employer. Entitled “Why I Am Leaving Goldman Sachs,” Smith’s article has become the newspaper’s most e-mailed article. After working nearly twelve years at the firm, Smith wrote the letter on his last day. Smith longs for the once-proud culture that placed value on clients and bemoans the firm’s present atmosphere, which he describes as “toxic and destructive,” focused on making money off of clients rather than providing them with the best solutions. “Goldman Sachs today has become too much about shortcuts and not enough about achievement. It just doesn’t feel right to me anymore.” Smith hopes his letter will wake up the Board of Directors. He urges them to “Make the client the focal point of your business again. Without clients you will not make money. In fact, you will not exist.”
Tags: Clients, Corporate culture, Goldman Sachs, Greg Smith, PR
