The Washington Post writes: "The window shades were lowered to block out the sunlight soaking Lower Manhattan on a Friday afternoon in June as 14 students in Eric H. Kessler’s executive MBA class gathered in a conference room to present their analyses of Goldman Sachs Group’s leadership.
"The firm’s management shows “resistance to change” and is “doing business in a bubble,” one of the three student teams explained in a PowerPoint presentation. Another recommended creating an “ethics role” within Goldman Sachs’s securities division. Kessler, who teaches management at Pace University’s School of Business, asked: Could cohesive culture be a weakness as well as a strength?
"Such critiques have been rare in Goldman’s 142-year history. The company’s status as Wall Street’s most powerful and profitable securities firm — with a leadership that produced two U.S. Treasury secretaries — has lured top students from Ivy League schools. After financial markets collapsed in 2008, driving Goldman Sachs and rivals to accept taxpayer aid, the investment bank became the most vilified on Wall Street...."
Read more at http://www.washingtonpost.com/business/gothams-lost-shine/2011/07/25/gIQAwWOAkI_print.html
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