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Pace Executive MBA Students Identify And Solve Goldman's Problems During Weekend Class

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For starters, they'd like to see a management shakeup.

The window shades were lowered to block out the sunlight soaking lower Manhattan on a Friday afternoon in June as 14 students in Eric H. Kessler’s executive MBA class at Pace University’s Lubin School of Business gathered in a conference room to present their analyses of Goldman Sachs’s leadership. The firm’s management shows “resistance to change” and is “doing business in a bubble,” one of the three student teams explained in a PowerPoint presentation. Another recommended creating an “ethics role” within Goldman Sachs’s securities division...Such critiques have been rare in Goldman Sachs’s 142-year history.

Goldman Sachs Model Championed by Blankfein Planted Seeds of Own Distress [Bloomberg]