Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nyse  >  Goldman Sachs Group Inc    GS

Delayed Quote. Delayed  - 08/24 10:01:16 pm
165.3 USD   -0.47%
08/24 GOLDMAN SACHS : OPEC and other oil manufacturers may conclude oil pr..
08/24DJBlockchain Firm R3 Files for a Patent as Fintech Race Heats Up--U..
08/24 MINDFUL LEADERS : How to Improve Focus, Clarity, Creativity, and Mor..
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Goldman Sachs Group, Inc. : Goldman Hasn't Gotten Everything Right In Dealing With Public-CEO

share with twitter share with LinkedIn share with facebook
share via e-mail
0
04/25/2012 | 07:07pm CEST
   By Liz Moyer 
   Of  
 

On an uncharacteristic television interview blitz Wednesday morning, Goldman Sachs Group Inc.'s (GS) Chairman and Chief Executive Lloyd Blankfein admitted the company "hasn't gotten everything right" in its dealings with the public over the last few years.

He wants to change that.

Blankfien said Goldman hasn't "exercised its muscles" in dealing with the public and the media in the aftermath of the financial crisis, a period in which the firm has been repeatedly pilloried in the media for its seeming conflicts of interest and questionable business practices.

Two years ago, just about the time Blankfein last appeared on CNBC, the firm faced civil fraud charges by the Securities and Exchange Commission for its role in developing and selling a complex mortgage derivative known as Abacus. Goldman would eventually pay $550 million to settle that case, the biggest payment to the SEC by a Wall Street firm ever.

Goldman's image has recently taken more hits. Last month, a former employee of Goldman's London operations quit in a highly public fashion, sending a letter to The New York Times op-ed page lambasting Goldman's culture.

In separate interviews on CNBC and Bloomberg TV Wednesday morning, Blankfein said the firm needed to do a better job "getting out there and telling people how important this industry is," referring to investment banking.

Blankfein told Bloomberg TV the American public had not likely heard the name Goldman Sachs before the financial crisis three years ago. The general public "wasn't part of our audience" and not seen as an important communications constituency, Blankfein said. "Shame on us."

The CEO's interviews were conducted from the firm's lower Manhattan headquarters, and part of a client conference focusing on opportunities in growth markets. Goldman has eyed expansion in Brazil, China and other so-called growth economies in an effort to "be Goldman in more places," Blankfien has said.

-By Liz Moyer, Dow Jones Newswires; 212-416-2512; liz.moyer@dowjones.com

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on GOLDMAN SACHS GROUP INC
08/24 GOLDMAN SACHS : OPEC and other oil manufacturers may conclude oil production fre..
08/24DJBlockchain Firm R3 Files for a Patent as Fintech Race Heats Up--Update
08/24 MINDFUL LEADERSHIP : How to Improve Focus, Clarity, Creativity, and More
08/24DJGOLDMAN SACHS : Funds Loan Firm -- WSJ
08/24 GOLDMAN SACHS : OPEC freeze will not push up crude prices, Goldman says
08/23DJSpotify in Talks Over Music Rights
08/23 GOLDMAN SACHS : Oil Rises Above USD48 As Rally Resumes
08/23 PÉTROLE : Goldman Sachs prédit un accord sur le gel de la production à Alger
08/23 GOLDMAN SACHS : Return of the Socially Useful Sukuk is a Wake Up Call to a Lost ..
08/23 GOLDMAN SACHS : Bideawee and Goldman Sachs Sponsor Pet Vet Exams for the Homeles..
More news
Sector news : Investment Banking & Brokerage Services - NEC
08/24 MORGAN STANLEY : HK regulator fines Morgan Stanley, cites internal control failu..
08/24DJHONG KONG EXCHANGES AND CLEARING : China's Postal Savings Bank to Get $2 Billion..
08/22DJOil Prices Fall on Supply Expectations
08/22DJCREDIT MARKETS : Stimulus Efforts Get Weirder -- WSJ
08/19 Monte dei Paschi CEO says probe 'emotionally difficult'
More sector news : Investment Banking & Brokerage Services - NEC
News from SeekingAlpha
08/24 The Intelligent Investor's Intrinsic Value Formula On The Dow Jones
08/24 Big Bank Shareholder Activism Is Here
08/24 WALL STREET BREAKFAST : Pfizer To Buy AstraZeneca Antibiotics Ops
08/22 Tesla Goes For Broke With Q3 Deliveries
08/22 EMERGING MARKETS : You Need To See This Chart
Advertisement
Financials ($)
Sales 2016 29 022 M
EBIT 2016 9 238 M
Net income 2016 6 116 M
Debt 2016 -
Yield 2016 1,61%
P/E ratio 2016 11,79
P/E ratio 2017 9,74
Capi. / Sales 2016 2,32x
Capi. / Sales 2017 2,15x
Capitalization 67 339 M
More Financials
Chart GOLDMAN SACHS GROUP INC
Duration : Period :
Goldman Sachs Group Inc Technical Analysis Chart | GS | US38141G1040 | 4-Traders
Full-screen chart
Technical analysis trends GOLDMAN SACHS GRO...
Short TermMid-TermLong Term
TrendsBullishNeutralBearish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 26
Average target price 181 $
Spread / Average Target 9,1%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Lloyd Craig Blankfein Chairman & Chief Executive Officer
Gary D. Cohn President, Chief Operating Officer & Director
Harvey Mitchell Schwartz Chief Financial Officer & Executive Vice President
R. Martin Chavez Chief Information Officer
James A. Johnson Independent Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
GOLDMAN SACHS GROUP IN..-7.85%67 339
MORGAN STANLEY-3.43%58 731
CHARLES SCHWAB CORP-7.62%40 246
CITIC SECURITIES COMPA..-13.33%29 961
GUOSEN SECURITIES CO L..--.--%21 663
HUATAI SECURITIES CO.,..3.55%20 609
More Results