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From the article: "He didn’t fully understand how Goldman could think it was O.K. to benefit so greatly from the work of others and then behave so selfishly to
by wmil 13y ago
From the article:
"He didn’t fully understand how Goldman could think it was O.K. to benefit so greatly from the work of others and then behave so selfishly toward them."
I don't think he understands Wall Street.
- chiph 13y agoWhile I'm a capitalist, I wouldn't conduct business with Goldman. They have a history of screwing the market (semi-ok), screwing their customers (not ok), and screwing their employees (not ok). And then blaming everyone else. I expect a certain degree of ethical behavior.
- yummyfajitas 13y agoOn the contrary, Goldman generally stands by their employees provided they believe the employee stood by them. See for example, Fabrice Tourre, who's personal legal expenses were entirely covered by Goldman.
- ajb 13y agoBut he was convicted of a financial crime. It's not in Goldman's interest for that sort of thing to happen.
- milemi 13y agoI think Goldman always stands by Goldman, first and foremost. And so do the lawyers paid by Goldman. Cf. in Fab's case they rested their case literally the minute they had their turn, without calling any witnesses. From day one I was amazed at the guy's naivete of accepting the "gift" from Goldman that he be represented by their lawyers. It's the rule #1: get your own representation folks. Company lawyers don't work for you, they work for the company.
- yummyfajitas 13y agoResting their case without witnesses is a fairly standard strategy in court - it's a way of emphasizing that the case has so little merit that there is nothing to argue against.
- milemi 13y agoIn this case it was also a way of wrapping it up quickly and not dragging GS any deeper into it.
- metaphorm 13y agohonor among thieves? thats an even better reason to not do business with goldman.