Former Goldman Sachs Vice President Lisa Endlich draws on an insider’s knowledge to bring to life this unique company and the most stunning. Goldman Sachs, in most years the most profitable investment bank in the country, Lisa Endlich, Author Alfred A. Knopf $30 (p) ISBN Luckily, Lisa Endlich opens this mystery in her book Goldman Sachs – The Culture of Success. Endlich explains the history of the firm from the.

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In the early part of the book, the author spends a great deal of time discussing the unique culture of Goldman Sachs and how this culture might be threatened by becoming a private company. On schs morning of December 6, the partners convened in the large meeting room on the second floor of 85 Broad Street, the firm”s three-year-old headquarters in lower Manhattan. Readers for new literates.

Goldman Sachs: The Culture Of Success

Almost all partners had spent their entire careers with the firm, yet this class included two former managing directors from rival Salomon Brothers and a famous professor from MIT. Lists What are lists? In an abrupt break with one hundred seventeen years of history, the management committee was proposing that Goldman Sachs become a public corporation. I found it revealing how much time was spent discussing the profits accrued by these men and how little was mentioned about what these men did to benefit society as a whole while they held their position of power.

Partnership meetings are held on weekends; vacations and sleep are routinely interrupted with conference calls whose participants span the globe.


None of your libraries hold this item. She brings us through all the agonizing hardships and gives a pretty interesting inside look into the leaders at the succrss.

Then the issue of unlimited liability was addressed. Glodman banking — United States. What makes Goldman Sachs so special? As Weinberg traveled through the alphabet, some of the dozens passed over would shut themselves in their offices, while a few would storm out of the firm”s headquarters.

Wood last; alphabetical order was the rule.

Goldman Sachs: The Culture of Success

Published March 9th by Touchstone first published February 9th That’s really not what this book was; this was basically a pretty broad overview of the Goldman Sachs history. Endlich tracks the history of the company from its early days and the dual chairman structure to the point of the IPO and the transformation of Goldman into the strongest investment bank available.

Although the title probably should have given that much away. For days rumors had circulated but the official agenda had not been disclosed. I thought Lisa Endlich did an excellent job in bg the reader through the history. In the ‘s there were multiple scandals with traders, some of which hit home to the firm. The firm had grown and specialized. The book details high risk strategies undertaken to accumulate extraordinary wealth for a few.

The Road to IPO. I found it revealing how much time was spent discussi No doubting the author’s skill and knowledge of subject, I found this book to be interesting despite its absolute and complete bias.

John Weinberg, with help from the eight other partners who comprised the management committee, had vetted hundreds of vice-presidents in the biannual selection process. To give you a short answer: Those telephoned that autumn morning were being offered not only vast wealth but virtual lifetime employment as well.


I would say it is a must read for everyone working in the finance, or especially in investment banking. I’ve always been fascinated by cultures of excellence, and by people who are very motivated.

Goldman Sachs: The Culture Of Success – Lisa Endlich – Google Books

You get an inside look into the board meetings and what was going through the partners’ heads during this major event in the company’s life.

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The Culture Of Success. Aug 26, Daniel Clausen rated it really liked it.

Goldman Sachs: The Culture Of Success by Lisa Endlich

They oc deliberated for two agonizing months while speculation among the troops grew. Narration interspersed with flashbacks is used at the beginning of the book to stress on the track of being a public company, I think, which is the core of this story. How do you usually spend extra money? The pride in some cases bordering on hubris is still there. Although had been a very successful year, the firm had suffered a few large bond trading losses, and some partners had grown concerned.

Earnings would be more volatile in these new businesses, and to remain competitive a fortified capital base would need to be built.