http://articles.chicagotribune.com/2013-05-23/business/sns-rt-us-goldman-matrixbre94m1c9-20130523_1_lloyd-blankfein-business-standards-committee-financial-crisis
With all the negatives we've heard and seen about Golman Sachs throughout class, do you think their image can be fixed?
I think it's going to be tough for them to fix their image with the crisis still so fresh in peoples minds
ReplyDeleteThis quote says it all...
ReplyDelete"They want to get their reputation back," said Roy Smith, a professor at New York University's Stern School of Business. "They know that means giving up some business."
Goldman knows people are sick of big banks and now must do as much damage control as possible. They are making the right move.
I'm skeptical about these changes, I mean they sound nice but I can't help but think this article was written mainly for PR purposes, old habits die hard and while Goldman might make these changes now they'll most likely go back to their old ways once public sentiments about the company become more positive. I blame this course for my lack of faith in the Goldman Sachs change by the way =P
ReplyDeleteI think these changes are somewhat trivial. Unfortunately, the public is rather uneducated about the crisis and the players involved. People who don't know about it probably don't know about Goldman at all. However, for those that do, a small publicity stunt won't change peoples' view.
ReplyDeleteEspecially after taking this class and learning about the origins of the crisis, I feel that Goldman's attempt to change their image further illustrates their corrupt behavior. I feel that Goldman should be less worried about their image and more concerned with contributing to a better economic structure.
ReplyDelete