THE FRANCHISE: Why Goldman Sachs is in a league of its own
Which is the real Goldman Sachs? Euromoney October 1993
Indeed, the finger-wagging that Goldman is two firms in one – a public face that clients see, and an internal profit-at-all-costs machine – was in full flow almost exactly 15 years ago, when Euromoney published a cover story entitled “Which is the real Goldman Sachs?“
Euromoney’s editorial leader, reacting to criticism by some senior rivals in the industry that Goldman had overstepped the mark in its aggressiveness with other firms, wrote: “It is not unusual that successful investment banks find themselves criticized by competitors…It is no doubt partly due to the rapidity and extent of the firm’s achievements.
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