Book description
In What Happened to Goldman Sachs, Steven G. Mandis uncovers the forces behind what he calls Goldman’s organizational drift.” Drawing from his firsthand experience; sociological research; analysis of SEC, congressional, and other filings; and a wide array of interviews with former clients, detractors, and current and former partners, Mandis uncovers the pressures that forced Goldman to slowly drift away from the very principles on which its reputation was built.
Mandis evaluates what made Goldman Sachs so successful in the first place, how it responded to pressures to grow, why it moved away from the values and partnership culture that sustained it for so many years, what forces accelerated this drift, and why insiders can’tor won’trecognize this crucial change.
Combining insightful analysis with engaging storytelling, Mandis has written an insider’s history that offers invaluable perspectives to business leaders interested in understanding and managing organizational drift in their own firms.
Table of contents
- Cover Page
- Title Page
- Copyright
- Contents
- Prologue: A Funeral
- 1. What Happened
- Part One: How Goldman Succeeded
- Part Two: Drift
- Part Three: Acceleration of Drift
- Part Four: Goldman’s Performance
- Conclusion
- Appendix A: Goldman and Organizational Drift
- Appendix B: Analytical Framework Applied to Goldman
- Appendix C: Selected Goldman Employees and Lobbyists with Government Positions (Before or After Goldman)
- Appendix D: Value of Partners’ Shares at IPO
- Appendix E: Goldman’s History of Commitment to Public Service
- Appendix F: Key Goldman People
- Appendix G: Goldman Timeline of Selected Events
- Appendix H: Goldman’s Culture and Governance Structure
- Notes
- Acknowledgments
- About the Author
Product information
- Title: What Happened to Goldman Sachs
- Author(s):
- Release date: September 2013
- Publisher(s): Harvard Business Review Press
- ISBN: 9781422194201
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