goldman sachs blues

Carolina Herrera - Front Row - Fall 2012 Mercedes-Benz Fashion Week

Bloomberg: Ex-Goldman Employee Shouldn’t Dis Company

After a former Goldman Sachs employee published an extremely critical op-ed on his former company’s practices, Mayor Michael Bloomberg subsequently visited the company to show his support. And on John Gambling’s radio show this morning, Mr. Bloomberg continued to stick up for the company against “a nasty letter from an employee.”

“I thought this piling on is ridiculous,” he explained. ”You go to work for a company, it seems to me they have an obligation to never dis you, they can part company with you [but] they should never do that, nor should an employee walk away [like that.] … You walk away from friends, you walk away from an employer who took a risk in you. “ Read More

QUOTES

‘Business Understands the Real World’

After an appearance with Lloyd Blankfein at LaGuardia Community College this morning, I asked Bloomberg about the school’s partnership with Goldman Sachs, whose executives are now teaching business techniques to small business entrepreneurs.

The mayor defended the company and said, generally, the private sector knows better than the public sector.

“In the end, businesses understand the real world, in a ways that governments do not,” said the mayor. “And it is businesses like Goldman Sachs that can really teach young people what they need to know better than government can.” Read More