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"Mandis, Steven G"
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What happened to Goldman Sachs? : an insider's story of organizational drift and its unintended consequences
\"A banker, investor, and Columbia Business School professor offers an insider's take on what happened to Goldman Sachs, informed by his own experience, interviews with others who worked at or with the firm, and previously unreleased research\"-- Provided by publisher.
Book
Culture, not debt, made Wall Street riskier
Goldman Sachs took on a lot less risk when its partners had much more at stake Over the summer, American regulators announced new rules that would limit the leverage (the ratio of debt or assets to equity) that the biggest US banks can use in their businesses. Over time, though, Goldman Sachs grew from a relatively small group of financially interconnected partners to a publicly traded corporation in which compensation took the form of individual, predominantly discretionary, performance bonuses plus stock that could be sold before retirement.
Newspaper Article
