• Goldman Sachs See large image

    Goldman Sachs (Paperback) By (author) Lisa Endlich

    Hard to find title available from Book Depository

    $16.42 - Save $4.56 21% off - RRP $20.98 Free delivery worldwide Available
    Dispatched in 3 business days
    When will my order arrive?
    Add to basket | Add to wishlist |

    DescriptionGoldman Sachs, the premier investment bank in the world, was until recently Wall Street's last major private partnership, and significantly more profitable than any of its publicly owned competitors. How it sustained this success for most of its 129 years has for decades mystified financial players and pundits. Now, in this fascinating and authoritative study, the Goldman Sachs history and mystique are examined in unprecedented depth. Endlich, a former Goldman Sachs vice president with access to all levels of management, traces the rise and development of the firm in the context of its prevailing concept, 'People and Culture.' She documents how close client-contact, teamwork, and focus on long-term profitability over short-term goals brought the firm to a pinnacle of $3 billion pretax profits in 1997. In June 1998 the partners of Goldman Sachs voted to go public, and it made international front-page news. The story of the transformation will continue to attract extensive coverage.


Other books

Other people who viewed this bought | Other books in this category
Showing items 1 to 10 of 10

 

Reviews | Bibliographic data
  • Full bibliographic data for Goldman Sachs

    Title
    Goldman Sachs
    Authors and contributors
    By (author) Lisa Endlich
    Physical properties
    Format: Paperback
    Number of pages: 512
    Width: 127 mm
    Height: 198 mm
    Thickness: 33 mm
    Weight: 345 g
    Language
    English
    ISBN
    ISBN 13: 9780751527506
    ISBN 10: 0751527505
    Classifications

    Warengruppen-Systematik des deutschen Buchhandels: 27820
    BIC E4L: FIN
    BIC subject category V2: HBTB, KFFK, KCZ
    Nielsen BookScan Product Class 3: S4.9
    BIC subject category V2: KFFM
    LC subject heading:
    BISAC V2.8: BUS027000, BUS036000, BUS077000
    LC subject heading:
    DC21: 332.660973
    Libri: B-194
    Illustrations note
    8pp b&w illustrations
    Publisher
    Little, Brown Book Group
    Imprint name
    Sphere
    Publication date
    06 April 2000
    Publication City/Country
    London
    Author Information
    Lisa Endlich is a former vice-president and trader at Goldman Sachs.
    Review quote
    A fine read about the rise and subsequent antics of a major league investment bank. INDEPENDENT ON SUNDAY Thoughtful, vivid and full of enjoyable detail. SUNDAY TELEGRAPH Endlich, a former vice president and trader at the bank is well placed to write a history of the institution whose rise and rise constitutes "one of the greatest financial success stories of the twentieth century." SUNDAY TIMES This will be an absorbing read for anyone into the world of high finance. IRELAND ON SUNDAY
    Review text
    The recondite investment bank whose very name evokes bags of gold, a firm as puissant as any on Wall Street, is investigated. Inside, it looks much as it does from the outside. Endlich, once a Goldman Sachs vice president, treats her former employer well. The firm thrived as a partnership well before the turn of the current century. But in 1917 Goldman left Sachs. The former, unhappily, was partial to the German view of the Great War. The business continued on its careful way, habitually eschewing innovation, Endlich says. Nevertheless, she reports, the firm pioneered on such practices as the use of price - earnings ratios to value equities. It was, and is, a leader in the arts of block trading and raid defense. Trading for its own account, it holds significant investments in such properties as Ralph Lauren fashions and AMF bowling balls. There are occasional problems. During the insider trading scandals, one partner was jailed. The firm's close ties with the late Robert Maxwell caused difficulties with the SEC and British regulators. Endlich's reports on these matters don't dim her homage to the firm and its vaunted leaders. It is the last great partnership on the Street, and much is made of its ostensibly unique culture. Of special interest: the business is still privately held. Goldman Sachs has toyed with going public several times, most recently in early 1998. A public offering would infuse a solid capital base. It would also produce a groat windfall for longtime partners and, culture be damned, disenfranchise subordinates. The latest plan was aborted when the market abruptly retreated. These schemes, as well as the atmosphere of trading and investment banking, are well described, despite the air of general approbation. The culture has been absorbed by the author. A new, complimentary angle on the ethnology of Wall Street. (Kirkus Reviews)