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Money and Power: How Goldman Sachs Came to Rule the World

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Goldman Sachs' rise to power, ethics scrutinized.

If you're intrigued by the intricacies of high finance and the wielding of power in corporate America, "Money and Power" is a thorough excavation of Goldman Sachs' influential role in global economics. Cohan's detailed research offers an insider's look at the company's history, culture, and its occasionally controversial path to becoming a financial behemoth. It's a compelling read for anyone fascinated with the mechanisms of economic dominance and the interplay between Wall Street and government.

Note: While we do our best to ensure the accuracy of cover images, ISBNs may at times be reused for different editions of the same title which may hence appear as a different cover.
New

Money and Power: How Goldman Sachs Came to Rule the World

Regular price $8.90
Unit price
per
ISBN: 9781846144998
Authors: William D. Cohan
Publisher: Penguin UK
Date of Publication: 2011-06-09
Format: Paperback
Related Collections: Business, Economics, History, Politics
Related Topics: Finance, Money, Finance, Politics, History
Goodreads rating: 3.85
(rated by 1731 readers)

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Description

A revelatory history of Goldman Sachs, the most dominant, feared, and controversial investment bank in the world. For much of its storied 142-year history, Goldman Sachs has projected an image of being better than its competitors - smarter, more collegial, more ethical, and far more profitable. The firm - buttressed by the most aggressive and sophisticated PR machine in the financial industry - often boasts of "The Goldman Way," a business model predicated on hiring the most talented people, indoctrinating them in a corporate culture where partners stifle their egos for the greater good, and honoring the "14 Principles," the first of which is "Our clients' interests always come first." 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 company composed of "cyborgs" who are kept in line by an internal "reputational risk department" staffed by former CIA operatives and private investigators; a workplace rife with brutal power struggles; a Wall Street titan whose clever bet against the mortgage market in 2007 may have made the financial ruin of the Great Recession worse. William D Cohan chronicles Goldman's rise to the summit of world capitalism and reveals how the firm has
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Goldman Sachs' rise to power, ethics scrutinized.

If you're intrigued by the intricacies of high finance and the wielding of power in corporate America, "Money and Power" is a thorough excavation of Goldman Sachs' influential role in global economics. Cohan's detailed research offers an insider's look at the company's history, culture, and its occasionally controversial path to becoming a financial behemoth. It's a compelling read for anyone fascinated with the mechanisms of economic dominance and the interplay between Wall Street and government.

Note: While we do our best to ensure the accuracy of cover images, ISBNs may at times be reused for different editions of the same title which may hence appear as a different cover.