goldman-sachs

Sorry, SoHo House, You Get All the I-Bankers You Deserve

Brian Moylan · 03/01/10 04:22PM

The exclusive downtown private club that's too cool for corporate suit-and-tie types just kicked about 500 of them out! Too bad that's the only kind that wants (or can afford) to hang at your overpriced, Meatpacking digs.

Somebody Fire This Guy, Seriously

Hamilton Nolan · 02/17/10 11:40AM

Max Abelson has an exceedingly timely profile of Lucas van Praag (pictured), Goldman Sachs' PR chief—variously described as "debonair," "very Masterpiece Theater," "amazingly brilliant," and "arrogant, slightly pompous, flippant and condescending." Image projected: Haughty, rich asshole. Smart, Goldman. [NYO]

The Wall Street Lawyer-Turned-Psychotherapist

cityfile · 02/11/10 02:28PM

Harvard grad Will Meyerhofer used to be a lawyer at Sullivan & Cromwell, the white shoe firm that represents the likes of AIG and Goldman Sachs. After doing his "part in destroying the nation's economy," he had a change of heart, went back to school, and became a psychotherapist. Now sees clients on a sliding scale, ranging from $10/hour for people who couldn't otherwise afford therapy to $200/hour for his former colleagues, who, we imagine, have a lot to get off their chests considering how much work they continue to do for both AIG and Goldman. [Above the Law]

Goldman Sachs Doesn't Do Snow

cityfile · 02/10/10 02:58PM

Want to express your displeasure with the way Goldman Sachs steamrolled Washington and profited at the expense of American taxpayers during the financial meltdown? Head to the Embassy Suites in the financial district tonight: "Goldman employees have all the rooms [booked] because they don't want to commute home in the weather and come back early." [BI]

Does Lloyd Blankfein Have a Death Wish?

cityfile · 02/01/10 11:44AM

Over the weekend, the Times of London reported that Goldman Sachs CEO Lloyd Blankfein could walk away with a bonus of as much as $100 million, at least according to unnamed bankers the paper talked to at last week's World Economic Forum in Davos.

Shia LaBeouf Knows What It Takes to Land a Job at Goldman

cityfile · 01/29/10 02:06PM

Shia LaBeouf did tons of research in preparation for his role in Wall Street 2. He opened up a brokerage account with $20,000 and has seen his portfolio grow tenfold since then, thanks to the expert trading skills he's picked up along the way. And he's learned the secret to getting a job at Goldman Sachs, which he's now prepared to share with the world: "I talked to a lot of Goldman Sachs people, and one of the requirements of getting a job takes place in the first five minutes of an interview. They take you out to eat. The minute the menu hits the table, if you can't order within 30 seconds, you don't have the job." [DB]

Everybody Is Yelling at Tim Geithner

John Cook · 01/27/10 02:30PM

Treasury Secretary Timothy Geithner is on Capitol Hill today, facing a barrage of camera-friendly and self-righteous (and justified!) bipartisan posturing from members of the House Committee on Oversight and Government Reform over the AIG bailout. It's been testy.

Lloyd Blanfein [sic] Is Sorry

cityfile · 01/27/10 01:06PM

If you're going to set up a website pretending to be the official site of the World Economic Forum in Davos, and you're going to issue an apology in the name of the CEO of Goldman Sachs for creating "massive unemployment and misery," you probably want to make sure you spell the guy's name correctly. Also: Get a native English speaker to draft the press release. The small details make all the difference! [via BusinessInsider]

Goldman Sachs Secures the Fort

cityfile · 01/21/10 10:20AM

Goldman Sachs blew away estimates today and "delivered its richest quarterly profit in the investment bank's 140-year history," reporting that it netted $4.95 billion in the fourth quarter and $13.4 billion in 2009. The bank also reported that it paid out $13.5 billion in bonuses and salaries last year, which is more than what it handed out in 2008, but down from 2007 when it awarded its employees $20 billion in compensation. Not that Goldman CEO Lloyd Blankfein really expects anyone to pay any attention to his talk of the "lowest ever compensation to net revenues ratio." Per the firm's request, the NYPD set up barricades outside Goldman HQ this morning and a bomb-sniffing dog has been on the scene as well. [WSJ, NYT]