Money And Power:

From the bestselling, prize-winning author of HOUSE OF CARDS, a revelatory history of Goldman Sachs, the most dominant, controversial and feared investment bank in the world 
 
Goldman Sachs has always projected an image of being better than its competitors. The firm—buttressed by an aggressive and sophisticated PR machine—often boasts of "The Goldman Way," a business model predicated on hiring the most talented people, indoctrinating them in a corporate culture of “the greater good,” and honoring the 14 Principles, the first of which is "Our clients' interests always come first."
 
But there is another way of viewing Goldman -- a secretive money-making machine that has straddled the line between conflict-of-interest and legitimate deal-making for decades; a firm that has exerted undue influence over government since the early part of the 20th century; a workplace rife with brutal power struggles; a Wall Street titan whose clever bet against the mortgage market in 2007 -- a bet not revealed to its clients -- may have made the Great Recession worse.
 
The firm has also shown a remarkable ability to weather financial crises, congressional, federal and SEC investigations, and numerous lawsuits, all with its reputation and enormous profits intact.  By reading thousands of pages of government documents and conducting over 100 interviews, including those with clients, competitors, regulators, current and former Goldman employees (as well as the six living men who have run Goldman), Cohan has constructed a vivid narrative that looks behind the veil of secrecy to reveal how Goldman has become so profitable, and so powerful.
 
 
William D. Cohan is the author of the New York Times bestsellers House of Cards and The Last Tycoons, which won the 2007 FT/Goldman Sachs Business Book of the Year Award.  He writes frequently for Vanity Fair, The New York Times, The Financial Times, Fortune, The Atlantic, and the Washington Post.  A former investment banker, Cohan is a graduate of Duke University, Columbia University’s School of Journalism and Graduate School of Business.

The arrogance of money and power drives new cricket - Daily Pioneer


The arrogance of money and power drives new cricket
Daily Pioneer
Televised and discussed widely, such conduct, even when criticised, tends to become identified with money and power, and the status both confer. This conduces to turning such behaviour into a 'status' symbol, and indulgence in it into an indication ...

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Dalai Lama: money and power do not bring happiness - Telegraph.co.uk


Globe and Mail

Dalai Lama: money and power do not bring happiness
Telegraph.co.uk
Tibetan's spiritual leader the Dalai Lama warns the British people against feeling "hopeless" and "helpless" in the face of economic difficulties. The Dalai Lama said the recession was made by man - not by God - and "every effort" must be made to ...
Dalai Lama Donates £1.1m Templeton Prize Money To Save the Children Huffington Post UK
Dalai Lama warns against despair expressandstar.com

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'Use other people's money to achieve goals' - Jerusalem Post


'Use other people's money to achieve goals'
Jerusalem Post
Leverage other people's money and power to achieve your goals. That is the message famed Singaporean social entrepreneur and World Toilet Organization founder Jack Sim imparted to Israeli students this week. Sim delivered the key lecture at an event on ...

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How We Got the Crash Wrong - The Atlantic


The Atlantic

How We Got the Crash Wrong
The Atlantic
That's a solution that has nothing to do with the amount of leverage on Wall Street's balance sheets. William D. Cohan writes a weekly column for Bloomberg View. His most recent book is Money and Power: How Goldman Sachs Came to Rule the World.

God, Sex, Power and Money - Carroll County News (blog)


Carroll County News (blog)

God, Sex, Power and Money
Carroll County News (blog)
This means that Obama and Romney can probably let the True Believers carry on the God and Sex argument by themselves, and concentrate on what really matters to them, Money and Power. I think most voters know that the cut taxes mantra of Republicans is ...

May 22: Kennedy, Romney and Bush - New York Daily News


New York Daily News

May 22: Kennedy, Romney and Bush
New York Daily News
Money and power truly rule these Kennedys; I hope his children know how dear they were to their mother. Patricia Whalen Howard Beach: Robert F. Kennedy Jr.'s histrionic display at his estranged wife Mary Richardson Kennedy's funeral should garner him a ...

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Wall Street loses its allure - Albany Times Union


Wall Street loses its allure
Albany Times Union
As Ridley says: "Life is short — you're young, you're old, you're dead. React to that knowledge. You have nothing to lose!" William D. Cohan, a former investment banker and author of "Money and Power: How Goldman Sachs Came to Rule the World," writes ...

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Is Occupy Tampa Reoccupying Downtown? - Patch.com


Is Occupy Tampa Reoccupying Downtown?
Patch.com
“I am trying to be the changes that I want to see in the world, I want people to realize that love is a lot more important than money and power,” said Sommers. About 50 people were expected to join the group in downtown on Wednesday night, according to ...

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Bulgaria's economic crisis has its Jewish community facing harsh realities - Jewish Telegraphic Agency


Bulgaria's economic crisis has its Jewish community facing harsh realities
Jewish Telegraphic Agency
The national average income is less than $500 a month, money and power are in the hands of a few well-connected businessmen, organized crime is powerful and corruption is rife, said Maxim Benvenisti, president of Shalom, Bulgaria's Jewish community ...

Burnout and Wall St. myths - NorthJersey.com


NorthJersey.com

Burnout and Wall St. myths
NorthJersey.com
You have nothing to lose!" William D. Cohan, a former investment banker and the author of "Money and Power: How Goldman Sachs Came to Rule the World," is a Bloomberg View columnist. JPMorgan Chase and Goldman : glitzy , fleeting images on Wall Street .

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