Explaining Southern California's economy

Everything you ever wanted to know about Goldman Sachs

Well, since Lloyd Blankfein became CEO, anyway, and the financial crisis began to seriously mess with the legendary investment bank's magical, mystical fortunes.

This e-book on Goldman Sachs from Reuters BreakingViews just landed in my in-box. It's free and it's a quick and extremely informative read, a collection of five years' worth of columns.

Very good stuff on Goldman culture, Goldman envy, Goldman hating, Goldman compensation (not as much money as you might think), and the big changes that the firm has faced since the financial crisis.

This is from Anthony Currie's introduction:

The articles selected for this book chronicle Goldman’s bumpy ride underBlankfein over the last ?ve years from virtually untouchable to basicallyunremarkable. It might even be a candidate for a breakup. Of course, Goldman has been here before. The question is not just whether Goldmancan rise again, but whether in the face of a new regulatory regime it can do sowithout a change to its corporate structure – and perhaps its management.

Read More...