The Partnership: A History of Goldman Sachs - Couverture rigide

Ellis, Charles D.

 
9781846141027: The Partnership: A History of Goldman Sachs

Synopsis

Goldman Sachs is without peer in the world of finance. And yet the mystery of how Goldman Sachs accomplishes record profits, year after year, remains.

As a strategy consultant to Goldman Sachs for more than thirty years, Charles D. Ellis developed close relationships with many of the firm's past and present leaders around the world and gained extraordinary access to all aspects of the business. In The Partnership, he reveals the key events and decisions that tell the colourful, character-driven story of how Goldman Sachs became what it is today. From Sidney Weinberg, a junior high school dropout with a flair for markets; to Gus Levy, who brought ferocious intensity to every minute of every working day; to John Whitehead, who wrote the core values that defined a culture of teamwork in serving clients; to the unpretentious John Weinberg, who was the quintessential relationship banker of his era, to current CEO and chairman of Goldman Sachs, Lloyd Blankfein.

Starting as a sole proprietorship dealing in commercial paper in the mid-nineteenth century, Goldman Sachs became an innovative underwriter, struggled to survive the crash and Depression, and came out of World War II to complete what was then the single most important transaction in Wall Street's history: Ford Motor Company's IPO. Goldman Sachs overcame a full set of dramatic perils: Penn Central's bankruptcy, Robert Maxwell's abusive frauds, and insider trading scandals. Ellis uncovers how the firm's core values, intensive recruiting, entrepeneurial creativity, and disciplined risk taking laid the foundations, multiplied the firm's resources and profits and magnified its power to help it become what it is today: one of the most successful business organizations in the world.

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À propos de l?auteur

Charles D.Ellis is a consultant to large institutional investors and government agencies. For thirty years he was managing partner of Greenwich Associates, an international business strategy consulting firm he founded that serves virtually all the leading financial service organisations around the world. Ellis earned his M.B.A from Harvard University and his Ph.D. from New York University. He has taught investment management courses at Harvard and Yale and is the author of twelve books, mostly on investing, and has written nearly one hundred articles for business and professional magazines. Ellis has served on the boards of Harvard Business School and Phillips Exeter Academy.

À propos de la quatrième de couverture

Inside the most closely knit tribe on Wall Street.

Even throughout the recent financial crisis, Goldman Sachs has remained a formidable company. Whether you love it or loathe it, it's hard not to admire it. So why is it so very powerful on so many dimensions? How did the firm achieve its present leadership and acknowledged excellence? Can it continue to excel?

The adventures that crowd the pages of this book point to some of the answers. Here for the first time is the chapter-by-chapter story of how Goldman Sachs took itself to the very top.

À propos de la deuxième de couverture

New first paragraph:

Goldman Sachs has managed to weather even the most recent economic crisis. A financial titan, making record profits, year after year, it remains a mystery to most outsiders. So what has been the secret of its success?

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