My former colleague used to aspire to be a member of Goldman Sachs, be it an employee, shareholder, or in whatever capacity. Goldman Sach is like the Lord of the Ring in the financial world. It was THE investment banker and whoever made money through its recommendations or in association with Goldman Sachs are millionaires, if not billionaires. Now, that's fine if you believe in the free market and also that big is beautiful. Naturally, until or before Lehman Brothers, … more
The Goldman Sachs Group, Inc. is a bank holding company that engages in investment banking, securities services and investment management. Goldman Sachs was founded in 1869, and is headquartered in the Lower Manhattan area of New York City at 85 Broad Streetand has its secondary office at 30 Hudson Street, Jersey City, New Jersey. The firm has offices in some financial centers and acts as afinancial advisor and money manager for corporations, governments, and wealthy families around the world. Goldman is a major dealer insecurities, offers its clients mergers & acquisitions advice, underwriting services, asset management, and engages in proprietary trading, andprivate equity deals. It is a primary dealer in the U.S. Treasury securities market.
Former Goldman Sachs employees Robert Rubin and Henry Paulson served as United States Secretary of the Treasury after leaving the firm; Rubin under President Clinton and Paulson under George W. Bush.