New York Times Columnist Disappointed Goldman Sachs Didn’t Hang On To Stake In Sex Trafficking Company, Clean Up Shop With A Little Activism

On April 2, the Times ran a piece by columnist Nichholas Kristof entitled “Financiers and Sex Trafficking.” Kristof wrote that he had figured out that a website called–a place where, among other things, those looking for underage girls and of age women forced into prostitution, can find them–is owned by “an opaque private company called Village Voice Media,” which until recently was in part (16 percent) owned by Goldman Sachs. Upon being contacted about the matter, the “mortified” firm “began working frantically to unload its shares,” all of which were sold several days later. Today Kristof went on CNBC to discuss the story and while he can sort of see why the bank wouldn’t want to be publicly associated with an “emporium for girls” (which he doubted top executives knew about), he can’t help but feel that if Goldman really cared, it would have continued its relationship with the company and “used its stake to try to advocate for change within…rather than just selling back to management.”

Goldman’s Ties To Sex Trafficking [CNBC via BI]

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42 Responses to “New York Times Columnist Disappointed Goldman Sachs Didn’t Hang On To Stake In Sex Trafficking Company, Clean Up Shop With A Little Activism”

  1. Guest says:

    Probably because that is where the bankers find their call girls.

  2. Alt_EST says:

    Goldman, do you really just want to do the minimum? I mean, look at Brian over there. He actively freed 37 underage girls forced into prostitution.

    • Lumberg Fucked Her says:

      You know the Nazis had flair

      • Guest says:

        RBS: Ya know what I'd do if I had $1,000,000 in client funds?
        Goldman: What's that?
        RBS: Two trades at the same time bro.
        Goldman: You know what I'd do?
        RBS: Yeah?
        Goldman: Nothing, just sit back and take it all in, the fees that is.

  3. PermaGuestII says:

    Doesn't anyone else think the real (and funny) story is that GS is somehow associated with The Village Voice?

  4. Cut Me says:

    …and work just got boring around here.


  5. micro manage says:

    What the fuck does this guy want, they turned down our suggestions about more asians.

  6. Mexi_Cant says:

    It's never bloody enough, we dance superbly with unlike our competitors and we get criticized for having extracurricular talents.

    We construct a massive building on the west side highway to increase traffic so more gasoline is used by drivers and NYC and NYS gets higher tax revenue and there is no appreciation.

    We sell shares of a website that promotes underage prostitution and we get blamed for not restructuring it and forcing our daughters to work there.

  7. 2_Small_2_Bail says:

    We had the chance to do God's Work and We let it slip through our fingers.

    -L. Blankfein

  8. guest says:

    if goldman's top executives "didn't know" you could get hookers off backpage (yeah, sure they didn't know), well, they know now!

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