Goldman Sachs

  • 22 Apr 2014 at 3:57 PM
  • Banks

Breaking: Banks Competing With Each Other

In a revolutionary development, it turns out that each would like the biggest piece of the stock-trading pie possible. Read more »

  • 22 Apr 2014 at 3:10 PM

Goldman Sachs Exec Embroiled In Horse Shit Suit

Michael Richman is the chief compliance officer at Goldman Sachs. There, he monitors trading activity, seeks to prevent conflicts of interest, and generally ensures that employees of the bank are following the rules, regulations, and laws that dictate what they can and cannot do on the job. While other compliance officers are happy to leave their work at the office, Richman’s passion for forcing people to comply follows him right out of 200 West Street, all the way up to Bedford, N.Y. later that night. There, it’s his neighbors that do the complying.

The threat of lawsuits from litigious neighbors has prevented a movie starring Glenn Close, Kathy Bates and Danny Glover from filming in the posh town of Bedford. Close, who lives nearby, wanted the happy ending of “The Great Gilly Hopkins” (based on the children’s novel by Katherine Paterson) to be shot at the home of Suzanne and Stefano Galli. But the Gallis have been embroiled for years in a variety of lawsuits brought by their next-door neighbors Ruth Toporoff and husband Michael Richman, the chief of compliance officer at Goldman Sachs. “The production company scouted my house, had multiple meetings and signed a contract, but the town denied the permit,” Suzanne Galli told me. The local Bedford-Pound Ridge Record Review newspaper said the town council acted “due to fear of repercussions . . . the potential for litigation.” The movie scene will now be filmed elsewhere.

Maybe a lesser compliance officer would be swayed by the star power of Close, Bates, and (especially) Glover, but this one is most certainly not. Know what else Richaman’s not gonna stand for? The smell of equine excrement wafting onto his property from his neighbors’ barn. How does he know that the smell in question is not actually coming from his own horses? Obviously Richman and his wife own a special breed of horse that simply do not stink. Read more »

On Tuesday afternoon, an article appeared over at the Times that referred to Lloyd Blankfein as the “former” CEO of Goldman Sachs. As Blankfein is very much the current chief executive, a correction was issued.

…teeing the bank up for the deployment of some corporate Twitter account sass. Read more »

Société Générale was, like Goldman Sachs, allegedly much better at coming up bribes than it was as managing the Libyan sovereign wealth fund’s wealth. Read more »


The chief executives of LinkedIn, Ford Motor Company, Northwestern Mutual, Goldman Sachs and Intuit were among the top scorers this year in Glassdoor’s ranking of the leaders at 51 big companies. Yahoo and General Electric anchored the bottom of the list. Glassdoor is a jobs listing website that lets employees anonymously rate their bosses…Lloyd C. Blankfein, who heads Goldman Sachs, came in at No. 8, with a 93 percent approval rating from his underlings. [Dealbook]

Deeb Salem certainly has no shortage of regard for himself. What he does not have is an extra $21 million from his former employer. Read more »

The former Goldman Sachs Asset Management chief’s—and Jim Chanos neighbor’s and beach bum’s—work at Apollo Global Management is done. Read more »