Till My next post!
Best Regards
Prof. Lic. Fernando Julio Silva, MSc.
March 2012
Text:
Goldman Sachs letter Lloyd Blankfein responds
www.guardian.co.uk,
Wednesday 14 March 2012 17.40 GMT
By now, many of you have read the submission in today's New York Times by a
former employee of the firm. Needless to say, we were disappointed to read the
assertions made by this individual that do not reflect our values, our culture
and how the vast majority of people at Goldman Sachs think about the firm and
the work it does on behalf of our clients.
In a company of our size, it is not shocking that some people could feel
disgruntled. But that does not and should not represent our firm of more than
30,000 people. Everyone is entitled to his or her opinion. But, it is
unfortunate that an individual opinion about Goldman Sachs is amplified in a
newspaper and speaks louder than the regular, detailed and intensive feedback
you have provided the firm and independent, public surveys of workplace
environments.
While I expect you find the words you read today foreign from your own
day-to-day experiences, we wanted to remind you what we, as a firm –
individually and collectively – think about Goldman Sachs and our client-driven
culture.
First, 85 percent of the firm responded to our recent People Survey, which
provides the most detailed and comprehensive review to determine how our people
feel about Goldman Sachs and the work they do.
And, what do our people think about how we interact with our clients?
Across the firm at all levels, 89 percent of you said that that the firm
provides exceptional service to them. For the group of nearly 12,000 vice
presidents, of which the author of today's commentary was, that number was
similarly high.
Anyone who feels otherwise has available to him or her a mechanism for
anonymously expressing their concerns. We are not aware that the writer of the
opinion piece expressed misgivings through this avenue, however, if an
individual expresses issues, we examine them carefully and we will be doing so
in this case.
Our firm has had its share of challenges during and after the financial
crisis, but your pride in Goldman Sachs is clear. You've not only told us, you
have told external surveys.
Just two weeks ago, Goldman Sachs was named one of the best places to work
in the United Kingdom, where this employee resides. The firm was the highest
placed financial services company for the third consecutive year and was the
only one in its peer group to make the top 25.
We are far from perfect, but where the firm has seen a problem, we've
responded to it seriously and substantively. And we have demonstrated that
fact.
It is unfortunate that all of you who worked so hard through a difficult environment
over the last few years now have to respond to this. But, our response is best
demonstrated in how we really work with and help our clients through our
commitment to their long-term interests. That priority has distinguished us in
the past, through the financial crisis and today.
Thank you.
Lloyd C. Blankfein and Gary D. Cohn
http://www.guardian.co.uk/business/2012/mar/14/goldman-sachs-letter-lloyd-blankfein?intcmp=239
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