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]
Labaton Sucharow is a law firm whose business consists of getting disgruntled financial industry employees to sue their employees for various bits of naughtiness, and taking a cut of whatever money those disgruntled employees can get from a lawsuit or settlement. One of their clever marketing techniques is to hire a survey firm to identify financial services employees willing to talk shit about their employers on the internet,1 because those employees are a promising source of money for Labaton Sucharow. In fact only about a quarter of those employees actually have anything negative to report, and presumably not all of that is lawsuit-worthy, but marketing is hard and you shouldn’t expect a particularly high hit rate. The trick is to just get a lot of at-bats and something will eventually pan out.
Also the PR is amazing? Here is an Andrew Ross Sorkin column titled “On Wall St., a Culture of Greed Won’t Let Go” that sort of takes this survey as a fact about the world rather than a marketing document, so is all like “oh you and your greed, Wall Street!” Read more »
The Upside To Larry Fink Being Appointed The Next Treasury Secretary Is That It Puts Charlie Gasparino One Step Closer To Sleeping In The Lincoln BedroomBy Bess Levin
“My survey of Wall Street executives [shows] Jack Lew in the running for this job…They think that he’s the most likely guy to be Treasury Secretary at least that’s according to the people I talked to: major Wall Street CEO’s and executive suite players that I deal with…The other guy that’s out there is Larry Fink CEO of BlackRock. I will say this, Larry Fink is a guy I know very well. I consider him a friend. The upside to Larry is clearly that there is no smarter guy on Wall Street that I know right now. He really understands the business…I think Larry wants the job. The negative is that he is really associated with the Wall Street crowd. That is something that I don’t think the Obama administration would go for.” –Charles Gasparino, close personal friend of Larry Fink [FBN]
“Bonuses Met Wall Street Workers’ Expectations Says Survey” That Was Taken Before Majority Of Wall Street Workers Found Out What They Were EarningBy Bess Levin
Forty-five percent of respondents said “bonuses matched their expectations,” 11 percent received “a higher payout than they had anticipated,” and 34 percent were “disappointed by their bonus.” The results included financial services employees whose compensation was communicated by January 16, which means it excludes those who work at Goldman Sachs, Morgan Stanley, JPMorgan, Bank of America, Credit Suisse, and Deutsche Bank (Update: and UBS). [Bloomberg]
According to a new study, the results of which are somewhat suspect, among the seventy-two percent of bankers who’ve supposedly had an affair, 63 percent of the males “said that they were convinced their wives knew about their affairs,” versus 3% of female bankers who said the same of their husbands. Here are a few other details respondents got off their chests: Read more »
Just asking as a friend and someone who’s worried. Goldman Sachs has everything going for them– looks, money, huge dicks, a restraining order against a Rolling Stone reporter– but it seems as though there’s a serious crisis of confidence going on, based on a little survey sent out by the bank, requesting “feedback” from “a select group of our stakeholders.” At first it appears pretty standard– questions about how well clients are serviced compared to other banks, etc. But then things take a turn. The Masters of the Universe want to know what you tell your friends and co-workers about them asking, for instance, would you “go out of your way to recommend us” to a co-worker looking for a gig or would you “never recommend us”? Whereas you’d think Goldman would and should assume everyone loves them, those surveyed are asked not just whether or not they “admire” the firm but if they “respect” as well (when you have this little self-confidence you need to drill down on the difference), or alternatively, if they have zero respect/admiration. Did you read the annual report? Or can you “not remember” if you had a chance to look it over, since it was so unremarkable GS wouldn’t blame you if you could not recall?