Does Goldman only employ nice people?
Lloyd Blankfein has been on the PR offensive recently, which may or may not be something to do with Goldman being called a 'great vampire squid wrapped around the face of humanity'. His latest assertion is that far from being greedy bankers, the firm's employees are in fact loyal, honest and not motivated by money. Is this really the case?
In an interview with German newspaper Spiegel, Blankfein was asked whether high pay promoted greed.
He said that most of the Goldman Sachs leadership team had built their careers at the bank and stayed through thick and thin and that: "When our people leave they tend to go on to other positions - whether in government or other forms of public service - that no one would do if their were motives were financial. Those characteristics don't make me think of 'greed.'"
"So only modest, good people work for Goldman Sachs? We hardly believe that," pushed the newspaper. "I have stated my honest view of things," replied Blankfein.
Are we to believe that Goldman only employs nice, modest people just waiting for the opportunity to give something back through public service? Or are they really in it for the money? Your thoughts please...
