Goldman Sachs

Goldman Sachs

3.38 (404 ratings by Goodreads)
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Goldman 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 more

Product details

  • Paperback | 512 pages
  • 124 x 196 x 36mm | 322.06g
  • Little, Brown Book Group
  • Sphere
  • London, United Kingdom
  • English
  • Upd. ed.
  • 8pp b&w illustrations
  • 0751527505
  • 9780751527506
  • 424,967

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 SUNDAYshow more

Review Text

A chronicle of one of the world's most mysterious firms from a former Goldman foreign exchange vice-president. This tracks the rise of the proprietary trading and investment banking powerhouse from modest beginnings in the 1880s to being ostensibly the most powerful player in today's world financial markets. Goldman Sachs is the firm that institutionalized using P/E ratios for stock valuation and developing commercial paper and risk arbitrage. There are insights into the key figures behind the company's success from the years of leadership under Sidney Weinberg to the joint modern-day control of John Whitehead and Robert Rubin, as well as vivid descriptions of the Goldman culture, career paths, and the firms backbreaking workaholic environment. Every successful job candidate endures interviews with at least 20 vice-presidents and partners, and the bank demands that each is not an employee, but a contributor who is expected to give the performance of his/her life. Although the information she here been meticulously researched this book could be more focused. That aside, it still provides wonderful historical analysis. (Kirkus UK)show more

About Lisa Endlich

Lisa Endlich is a former vice-president and trader at Goldman more

Rating details

404 ratings
3.38 out of 5 stars
5 14% (56)
4 34% (137)
3 34% (136)
2 14% (58)
1 4% (17)
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