Former Goldman Sachs Vice President Lisa Endlich draws on an insider’s knowledge to bring to life this unique company and the most stunning. Goldman Sachs, in most years the most profitable investment bank in the country, Lisa Endlich, Author Alfred A. Knopf $30 (p) ISBN Luckily, Lisa Endlich opens this mystery in her book Goldman Sachs – The Culture of Success. Endlich explains the history of the firm from the.
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Thhe their own words, this is the capitalist machine and it smells faintly of narcissism and greed, with little regard to the wider world in which they have lodged themselves as an indispensable part of society. But still what is so special in Goldman Sachs’ culture?
Almost all partners had spent their entire careers with the firm, yet this class included two former managing directors from rival Salomon Brothers and a famous professor from MIT. The book details high risk strategies undertaken to accumulate extraordinary wealth An enlightening book with few surprises. Dec 03, srdjan rated it did not like it.
Inthe management committee had decided to incorporate, going as far as printing up new business cards before changing their minds and leaving the private partnership in place.
Goldman Sachs: The Culture of Success
The Changing of the Guard. It is fairly clear the esteem in which she holds her former employers and this probably allowed her the access to get direct opinions from the host of important players in the firm’s history. It takes great risks and it has also suffered from bad endlic in some cases. For many, especially for leadership consultant, this may sound strange, but in Goldman Sachs’ case, it has worked out well.
Books by Lisa Endlich. The Culture of Success Lisa J. Home This editionEnglish, Sound, Other sound edition: I read this right before joining Goldman Sachs in the summer of to get to know a bit of history on the company.
Partnership meetings are held on weekends; vacations and sleep are routinely interrupted with conference calls whose participants span the globe. After many difficulties and postponements, the firm became a public firm. Partners felt free to call each other whenever they needed to know something about another”s business. Other editions – View all Goldman Sachs: The book is a fascinating story of the company’s great history.
This book mainly narrates the history of the Goldman Sachs and how it became a public company.
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The pride in some cases bordering on hubris is still there. Most members of the management committee spoke, but when Rubin and Friedman, who were already widely regarded as heirs apparent, stood to present their vision of the future, everyone listened more closely.
Senior partner of Lazards said “The believe if they are successful it is because they are particularly smart and then because they are particularly smart they can do anything”.
Aug 26, Daniel Clausen rated it really liked it. Thanks for telling us about the problem. Wood last; alphabetical order was the rule.
I couldn’t help but feel bad for the man since, from what Lisa reports, he embodied a lot of elements that Hitler would respect in a person. Still today, there is some speciality, if your business card is of Goldman Sachs. The book was pretty entertaining, although I have no way of knowing how accurate a portrayal it really is.
Aug 10, Margaret-jane rated it endliich liked it. In top management determined that this would change. To see what your friends thought of this book, please sign up. Lisa Endlich uses her past as a VP in Goldman to bring the story to life and show what some may regard as a truly distributing culture of greed and workaholic obsession that lead people to forsake families and give everything they have to the partnership for the legendary bonuses.
The Road to IPO.
Earnings would be more volatile in these new businesses, and to remain competitive a fortified capital base would need to be built. Feb 24, Shirley rated it really liked it.
Goldman Sachs: The Culture Of Success – Lisa Endlich – Google Books
Well, according to Endlich it’s a culture of hard kf. There isn’t as much focus on the technical financial workings of Goldman Sachs, a few figures are quoted here and there. John Weinberg, with help from the eight other partners who comprised the management committee, had vetted hundreds of vice-presidents in the biannual selection process.