Cohn recently told a colleague he can’t remember the last person he yelled at, and when upset with someone he now gives the silent treatment, the colleague said. [Bloomberg]
If Goldman Sachs President Gary Cohn Is Not Responding To Your Voicemails, IMs And Lunch Invites, You Know What You DidBy Bess Levin
Once, five times, same diff no diff. Read more »
And in case you were wondering, the answer is yes. Facilitate does translate loosely to “reach-around.” Read more »
Time was, if you were, say, a hedge fund client of Goldman Sachs, you knew not to expect much in the way of bedside manner. No coddling, no hand holding, no Shmoopy Talk. You could try getting them on the phone, but that was generally futile, as all client calls were automatically rerouted to the Rejection Line. Oh, you felt like you weren’t getting enough attention? You wondered if maybe there was a chance they were sometimes screwing you? Too bad. The way GS saw it, you were lucky if they didn’t nut in your eye. Your only recourse was to roll over and take it, or GTFO. Since the whole “SEC fraud charge,” however, things have changed. Read more »
Being in the business of “facilitating clients,” as Gary Cohn likes to put it, seems like the most profitable game in town these days.
Goldman Sachs just revealed in an SEC filing that its traders made money on every single trading day last quarter, a record for the firm. Net revenue for trading was $25 million or higher in all of the first quarter’s 63 trading days with 35 of those days bringing in more $100 million, according to the filing. Read more »
[Photo credit: Reuters]