Money and Power

Аннотация

From the bestselling, prize-winning author of HOUSE OF CARDS, a revelatory history of Goldman Sachs, the most dominant, controversial and feared investment bankin the worldGoldman Sachs has always projected an image of being better than its competitors. The firmbuttressed by an aggressive and sophisticated PR machineoften boasts of &quote;The Goldman Way,&quote; a business model predicated on hiring the most talented people, indoctrinating them in a corporate culture of ';the greater good,' and honoring the 14 Principles, the first of which is &quote;Our clients' interests always come first.&quote;But there is another way of viewing Goldman -- a secretive money-making machine that has straddled the line between conflict-of-interest and legitimate deal-making for decades; a firm that has exerted undue influence over government since the early part of the 20th century; a workplace rife with brutal power struggles; a Wall Street titan whose clever bet against the mortgage market in 2007 -- a bet not revealed to its clients -- may have made the Great Recessionworse.The firm has also shown a remarkable ability to weather financial crises, congressional, federal and SEC investigations, and numerous lawsuits, all with its reputation and enormous profits intact. Byreading thousands of pages of government documents and conducting over 100 interviews, including those with clients, competitors, regulators, current and former Goldman employees (as well as thesixliving men who have run Goldman), Cohan has constructed a vivid narrative that looks behind the veil of secrecy to reveal how Goldman has become so profitable, and so powerful. William D. Cohan is theauthor ofthe New York Times bestsellersHouse of Cards and The Last Tycoons,which wonthe 2007 FT/Goldman Sachs Business Book of the Year Award.He writes frequently for Vanity Fair, The New York Times,The Financial Times, Fortune, The Atlantic, and the Washington Post.A former investment banker, Cohanis a graduate of Duke University, Columbia University's School of Journalism and Graduate School of Business.