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UBS Is Worried About Goldman Sachs' Reputation

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The Masters of the Universe are a bit too busy to respond so we were asked to pass on the following: "Consider the source."

“Any turnover will concern investors despite the firm’s deep bench,” Tanona, who worked at Goldman Sachs from 2005 to 2008, wrote today in a note to investors. “GS’s management team is very strong; however, missteps on the public relations front have further tarnished the firm’s reputation.” Managers will remain under strain after lawmakers sent findings to the Justice Department and Securities and Exchange Commission, he said.

Goldman Sachs May Make ‘Near-Term’ Management Changes, UBS Says [Bloomberg]