SEC v. Goldman Sachs Settlement

SEC v. Goldman Sachs
SEC V. GOLDMAN SACHS & CO. AND FABRICE TOURRE
When financial fraud has occurred to the American people by the alleged "Too Big to Fail" banks on Wall Street, is it more productive to the economy
and society to criminally charge the executives of these financial institutions or negotiate a civil penalty that compensates victims and reforms the
deceptive trade practices of our nation's largest banks? Further, if settlement is the best solution, why settle for the less money than the financial harm
caused by the big banks? The following will discuss the negotiations behind the Securities and Exchange Commission's (hereinafter referred to as
"SEC") settlement with Goldman Sachs & Co. (hereinafter referred to as "GS&C") and Fabrice Tourre, ... Show more content on Helpwriting.net ...
Treasury and pay the remaining $250 million to a Fair Fund Distribution to compensate misled investors.24 Furthermore, GS&C agreed to reform the
personnel, education, and training of those reviewing and approving certain mortgage securities as well as consent to a permanent injunction from
violations of the antifraud provisions of the Securities Act of 1933.25 However, interestingly enough, GS&C acknowledged it misled or omitted
important information to investors in the consent order, but refrained from admitting or denying the SEC's allegations.26
... Get more on HelpWriting.net ...

Unethical Behavior At Goldman Sachs
Unethical Behaviour
Unethical comes from the word "ethical" which means conforming to accepted standards of social or professional behaviour. Unethical behavior is
an action that falls outside of what is considered morally right or proper for a person, a profession or an industry. It is a wrong contrary to conscience or
morality or law. For example mistreating employee, misrepresentation, financial misconduct, dumping, child labour etc.
Goldman Sachs
The case revolves around An ex–Goldman Sachs employee, Rohit Bansal, hired in 2014 from the Federal Reserve Bank of New York who obtained
confidential information from a friend, Jason Gross, at the Fed. The information concerned a mid–sized New York bank that was a Goldman Sachs
client and which Bansal supervised at his former job and the information was then circulated at Goldman Sachs. That leak, which violated a cardinal
rule of the regulatory world, provided Goldman a window into the Fed's private insights about the New York bank and other regulatory matters and a
heads up to Goldman Sachs for advising the client.
As soon as the officials at Goldman ... Show more content on Helpwriting.net ...
The Associate also violated Goldman's internal policy on "Use of Materials from Previous Employers," which states that work that personnel have done
for previous employers, and confidential information gained while working there, should not be brought into Goldman or used or disclosed to others at
Goldman without the express permission of the previous

Philosophy Of Value Investing : The Igorpinto5 Stock Fund
Philosophy
The Igorpinto5 stock fund is aligned with the philosophy of value investing. The fund has a management strategy that seeks to capture continuously
opportunities in large–cap companies with solid fundamentals. It is a fundamentalist approach fund, with a long–term investment horizon.
Macroeconomic Scenario
This fund has global exposure, especially to USA, China, Europe and Brazil.
Starting with the United States, with the proximity of the first increase in interest rates since the financial crisis (2008), attention has turned to the
indicators associated with the price dynamics and the labor market. According to a recent communication, the FED will launch the new cycle when
they are reasonably confident with inflation, and ... Show more content on Helpwriting.net ...
In the Eurozone, the focus remained centered in the negotiations between Greece and creditors of the country. Throughout the period negotiations have
intensified, and the demands of creditors involved stricter terms than the options presented in the first half. With the approval of several austerity
measures in the Greek parliament, negotiations moved forward, focusing on the creation of a new aid program for the country. Fortunately, the
uncertainty surrounding the fate of Greece seems that didn't contaminated confidence in other EU states.
Moving to Brazil, the pessimism that swept the Brazilian economy has intensified over the period. Reports have shown many negative signs associated
with the economic environment, especially regarding the fiscal policy.
Performance
In the beginning of this investment period (9–9–2015), the igorpinto5 portfolio was properly distributed among 5 sectors: Services: Starbucks
Corporation (30%), Banks: Goldman Sachs Group Inc. (28%), Industrials: JBS SA (23%), Technology: Amazon.com, Inc. (10%), and Homebuilding:
D.R. Horton, Inc. (9%). The Igorpinto5 stock fund had close to no variation when compared to the market (9/15 until 11/13). Despite high volatility in
the stock market in the period, the beta of the last four months of Igorpinto5 fund in relation to the S&P500 was 0.97. On 11/13/2015, the beta of
Igorpinto5 represented

How Technology Affects the Business Environment
During the last century, the world has been through a technological revolution. We have in few years moved from being a world where it could take
months to receive a message, to being a world where it takes microseconds. Within most industries, technology is a very important factor to succeed.
Especially in certain industries, like energy, transport andfinancial services, technological innovations have been vital to make those industries develop
into what they are today. Companies are always struggling to acquire better technology, so that they in a more efficient way can produce their products
or carry out their services. It is therefore important for companies to keep an eye on new technological innovations. The technological elements ... Show
more content on Helpwriting.net ...
An article made by naturalgas states that "new innovations have reshaped the industry into a technological leader9." A report made by the U.S.
Department of energy in 1999 shows that if technology had stagnated in 1985, America would have needed twice as many wells to produce the same
amount of oil and gas. However, because of technological improvement, we only need half as many wells to produce the same amount in 1999. In
1999, the America used 22 000 less wells to produce the same amount as they did in 1985.
A statistical review of world energy made by BP illustrates how much oil and natural gas that has been produced in each country and worldwide from
1965–2010. Worldwide, the total development of oil has increased from 31,806,000 barrels daily in 1965, to 82,095,000 barrels daily in 2010. The
development of oil has increased from 96,9 billion cubic feet daily in 1970, to 309 billion cubic feet daily in 2010. The main reason to the increase
in production is off course the growing demand, but according to naturalgas it would have been impossible without the improvement in our
technology. Consumption of oil increased from 30,783,000 daily in 1965 to 87,382,000 barrels daily in 2010 and consumption of gas increased from
63 billion cubic feet daily in 1965 to 306,6 billion cubic feet daily in 2010.
Another industry that has developed because of new technology is the nuclear industry. Numbers taken from NEI shows that 13,5 of the world's
electricity

Goldman Sachs And The Subprime Mortgage Case
Goldman Sachs and the Subprime Mortgage Securities Case Since 1869, the investment banking firm Goldman Sachs has been working to satisfy their
customer's financial needs. In 2008 the firm played a large role in causing the devastating market crash that negatively affected millions of families
around the world. At the heart of the cause of the depression, Goldman Sachs took certain steps to make sure they profited, but unfortunately it was at
the expense of the market and the public. Just before the market crash, the company blatantly acted in a manner inconsistent to their code of ethics as
well as the standards governing their industry. Charges were brought forth in 2010 against Goldman and one of their employees, Fabrice Tourre. It is
speculated that the reason only one employee was charged was because he was easily convicted based on the amount of evidence in his emails. The
company itself was charged with securities fraud and Tourre was charged for "making materially misleading statements and omissions in connection
with a synthetic collateralized debt obligation (CDO)" (Mogielnicki 80). At the epicenter of the whole debacle was the CDO named Abacus
2007–AC1. This CDO was comprised of poorly rated (BBB) bonds that were selected by John Paulson, head of Paulson & Co. investment company
which is based in New York, and ACA Management LLC. The "BBB" rating means that "as the home loans defaulted, these bonds would be among the
first to feel the pain," (Wilchins 1). ACA

Goldman Sachs On Wall Street
Goldman Sachs on Wall Street Goldman Sachs was founded in 1869 with a humble purpose of providing loans to small business and creating a
market for the loans through commercial paper. However, in the late 1920s the business drifted from its humble roots and took on an investment
strategy. As years went by, the company grew bigger and bigger until it was extremely successful. During this time the company made many of
decisions that would be considered unethical or "gray", these decisions may not be considered illegal, however, they are not fair to the businesses
clients or employees.
Gray Ares of Goldman's
While reading the case study, "what was up with Wall Street? The Goldman Standard and Shades of Gray" I came across numerous actions that
would be considered gray, meaning they may not necessarily be illegal, but when looking at them from a business perspective they could be
considered unethical. The first gray area I came across was when Goldman bought 90% of their shares with their own money to make the business
appear more successful, leading the public to buy the remaining shares. They then sold the share they had purchased for more money, allowing them to
purchase more companies. Second, the company took part in laddering; laddering is defined as "the promotion of inflated pre– IPO prices for the sake
of obtaining a greater allotment of the offering (Laddering, 2016)". In Goldman Sachs particular case the clients agreed top purchases a numerous
amount of the

Ethical Analysis: Rajat Gupta, 'Swami Vivekananda'
Whether men understand it or not, they are impelled by that power behind to become unselfish. That is the foundation of morality. It is quintessence of
all ethics, preached in any language, or any religion, or by any prophet in the world. "Be thou selfish", "I", but 'Thou" that is the background of ethical
codes."
–Swami Vivekananda
Finance and Accounting is the only business function that accepts the responsibility to act I public interest. Hence the onus lies on the professionals to
act in public interest and not restrict themselves to individual or the organisation.
Finance professionals are always ranked high for their professional integrity and ethics. But various scandals in companies like World Com, Tyco,
Quest, ... Show more content on Helpwriting.net ...
equity markets. Other parties indirectly affected are family and friends of Rajat Gupta, employees at McKinsley & Company and Galleon Group,
investors in Goldman Sachs and its creditors, and government and officials involved with the case
Ethical Analysis :
Rajat Gupta, once a role model for young business leaders has suddenly become a name not to be associated with. A person who was teaching future
managers how to work ethically was himself accused of indulging in unethical practices. The analysis is as follows
Integrity: Rajat Gupta was known for his integrity. But, in this case he has not shown his integrity towards his company i.e Goldman Sachs for which
he was the Board director.
Trust : Rajat Gupta has broken the trust not only of other directors of Goldman Sachs, but also of his followers and well wishers who stood by him
even during his crisis. Fairness: Rajat Gupta's action was completely unfair to the shareholders and Investors who did not have the information about
the investment in Goldman Sachs

Ethics Paper--Bailout
Bailout Ethics
Americans are outraged. Billions of taxpayer dollars were committed last year to rescuing firms such as Citigroup and the American International
Group (AIG). Earlier this year, several companies who received Troubled Asset Relief Program (TARP) assistance were awarding top executives with
extravagant bonuses. According to the Wall Street Journal, the U.S. government lent $238 billion in TARP taxpayer funds to almost 700 banks; 44 of
these banks have repaid a $71 billion (Johnston, para 6). There remains $167 billion invested in banks. Some critics argue that a "mere" $167 billion is
not significant to warrant public indignation against bonuses. However, the issue is not about specific bonus amounts but the principle of ... Show more
content on Helpwriting.net ...
In another example of applying the Rights Approach to bailout bonuses, AIG tells a different story. In March 2010, AIG is scheduled to distribute yet
another $198 million in bonuses to its financial products employees– largely seen as responsible for the firm's failure (Collins, para 11). This will result
in almost $400 million in bonus payments since receiving government assistance (Collins, para 11). As mentioned previously, AIG does not have a
moral right to these bonuses. It would be similar to someone taking an elaborate vacation just before filing for bankruptcy and expecting the
government to finance his unnecessary expense.
Common Good Approach: Definition and Analysis
In a globalized world, the Common Good Approach has increased in relevance for judging ethical behavior. It presents "a vision of society as a
community whose members are joined in the shared pursuit of values and goals they hold in common" (Markkula, para 12). This Approach calls
attention to the conditions that are important to the common welfare of everyone. The principle states: "What is ethical is what advances the common
good" (Markkula, para 12). The common goal when considering the bailout is a stable economy. What remains unanswered is why some financial
institutions, such as JPMorgan Chase and Goldman Sachs, were helped with TARP funds while other banks, such as Bear Stearns and Lehman Brothers,
were allowed to

GS- Goldman Sachs
Goldman Sachs or under NYSE listed as GS is a U.S bank holding company known for a strong investment bank. It consults companies on mergers and
acquisitions, provides trading services, and manages equities on large corporations, governments and wealthy clients. Goldman Sachs invests its capital
to pursue in long–term (private equity) and short–term investments (propriety trading).
The statement on "More regulation is better than less" reflects the impact a financial institution experiences under certain circumstances. Firstly, we
look at both pros and cons on why financial regulations were implemented.
More Regulation
Speaking on the behalf of Goldman, for example, rules and regulations can interpolate Goldman Sachs proprietary trading, hedge fund and private
equity investment and tax the company money straight. We assumed extra or multiplied regulation can cause bank to vary its operation or cause it to
bear penalties. As well as any prosecution in proprietary trading and in any trades where there is a material conflict of interest will be avoided from all
holding banks. Stuff on high–risk exposure assets or high–risk trading plans will be prohibited. Reasons why all financial institutions are heavily
regulated and supervised by various different units of governments (both federal and state levels) to cover the following and I state the few importance
likely exercising of trust powers, formation of holding and mergers, quantity and quantity of loan and services as well as

Goldman And Sachs Case Summary
The problem to be investigated is looking into shades of gray when it comes to ethical behavior. For years, companies have been operating within the
law yet displayed very questionable behavior. Companies like Goldman and Sachs utilizing questionable trading techniques in order to gain a financial
profit while leaving behind companies in the dust and eliminating hundreds if not thousands of jobs in the process. Ethics is more than doing what's
right or wrong. It's a way of life and how we can have an effect on others.
Question 1: Go back through the case and make a list of each action or practice that could be called a gray area.
The Layering Strategy: This was formulated in the late 1920 as a way to utilize one company's money to ... Show more content on Helpwriting.net ...
Involvement in Auction–Rate Markets: These securities that were touted as mutual–fund grades with a higher yield. Their clients would bid on
securities being sold through a once–per–month auction that the investment firms were selling. What their clients did not know is that their own
investment advisers were bidding up the value of the instruments. The prices were reset weekly based on the demand, but the investment firms were
creating that demand through their bids, bids that they never intended to execute because their clients would always bid more.
Betting agent their own clients?: In January 2010, Goldman Sachs admitted that it often made recommendations to clients that it had already
positioned itself to profit from. Goldman also pointed out that its memo read in part, "we may trade, and have existing positions, based on trading
ideas before we have discussed those ideas with you." The disclosure of Goldman client–contra positions had appeared in the fine print in Goldman's
marketing materials, but the memo represented the first time that Goldman had discussed it openly with its clients. Experts indicate that Goldman was
disclosing its conflict as a way of managing client relationships and trading positions. One expert has noted that the way the markets have evolved,
client and investment firm relationships are "laden with conflict of interest."
The 2008 Bail Out: Goldman received $10 billion from the U.S.

Banking And Securities Dealings Industry
Investor Confidence NEGATIVE: The last 8 years have been challenging for the Investment Banking and Securities dealings industry. The industry's
role in the mortgage crisis damaged its brand and dried up once flowing revenue streams. In the process the crisis created an environment of regulatory
scrutiny, consumer skepticism, and investor uncertainty that the industry has battled for almost a decade. As consumer confidence dropped and
uncertainty rose the willingness to invest decreased resulting in an erosion of corporate profits. As explained by IBISworld, "Changes in corporate
profit influence the performance of equities markets because they impact how companies are valued, which in turn influences trading and business
activity. Higher... Show more content on Helpwriting.net ...
IPO's for 2016 are trending towards less than 2015 (stastista). Stock Market Performance POSITIVE: Both damage and recovery are displayed in the
performance of stock prices and market value. In 2008 industry leaders Goldman Sachs stock was reduced to $78 a share from $247 a share the year
before. Shares for the company are currently trading at $170. Bank of America stock dropped from $51 a share to $7. Shares for the company are
now at $16. Both barely survived the crisis and did so with the aid of government funds under TARP. The stock market overall has rebounded quite
well and this bodes well for the Investment Banking and Securities dealing industry. In fact, since 2009 the NYSE is up 130%, the S&P 182%, the
Dow Jones 145%, and the Nasdaq is a healthy 250%.
Threats
Political
Arguably the most scrutinized industry over the last decade, the Investment Banking and Securities Dealing industry has yet to shed the impending
litigation, fines, and regulations that have dragged down earning since 2009. As of March 2016, big banks have paid $180 billion dollars in fines
related to the mortgage crisis. The results have sucked capital from major industry players Goldman Sachs and JP Morgan, while Deutsche Bank is
currently in litigation to find out its final fine amount. Deutsche Bank's fine brings with it not only loss of capital but fears that the bank could fail
resulting in another crisis (CNBC). Economic
Britain's exit from

Case Study: What Is Up with Wall Street? the Goldman...
NORTHCENTRAL UNIVERSITY ASSIGNMENT COVER SHEET Learner: Demetrice S. Campbell| | MGT7019
–8| Douglas Buck| | | Ethics in
Business| #3 Paper– Case study: What is Up With Wall Street? The Goldman Standard and Shades of Gray| | | Academic Integrity: All work submitted
in each course must be the Learner's own. This includes all assignments, exams, term papers, and other projects required by the faculty mentor. The
known submission of another person's work represented as that of the Learner's without properly citing the source of the work will be considered
plagiarism and will result in an unsatisfactory grade for the work submitted or for the entire course, and may result in academic dismissal.... Show more
The rules did not apply if their name did not have the word analyst in it. c. Auction rate securities–it took state law to come up with a settlement of
these problems. The SEC had difficulties applying regulations and laws to this behavior of bidding up the price and then not buying. The clients were
not aware that Goldman was bidding on the securities. Goldman's response as well as some others was that there was always investment houses
bidding in such auctions. d. IPO allocation and structure of the market–this also was eventually settled, but not without the insistent small fines and
new rules on IPO allocations and agreements between the clients on second–wave agreements to buy more. e. IPO profitability changes prior to
IPO–Goldman failed to share that the steady drift from three years of profit to one year then down to one quarter. This was sort of a unique legal
problem in regards to the profitability standard to one quarter because the financials were available on the dot–coms for the investors to see. Nothing
was being disclosed. f. Partnership to corporation structure–When Goldman decided to change from partnership to a corporation, this shielded them
from being liable, where as being the principals, you put it all on the line. The move to a corporation with limited liability resulted in riskier

Theu.s. Dodd Frank Wall Street Reform And Consumer...
The pros and cons of many macroeconomic policies are frequently debated. In particular, the
Dodd–Frank Wall Street Reform and Consumer Protection Act that was signed into law in July of 2010 sparked bitter controversy. Appropriately
argued by American Banker's Capitol Hill reporter Victoria Finkle, Dodd–Frank is viewed as either a "landmark law that reined in the biggest banks" or
an "economy–crippling overreach that burdened small institutions." The Act intends to tighten financial regulation in the U.S., hoping to prevent the
repeat of another financial crisis. Impetus for Dodd–Frank stemmed from the bailout of financial institutions deemed "too big to fail" and the moral
hazard it created. In 2008, intense pressure fell upon some of ... Show more content on Helpwriting.net ...
Mainly, Dodd–Frank equipped the Federal Deposit Insurance Corporation (FDIC) with Orderly Liquidation Authority (OLA) provisions, authorizing
the FDIC to safely wind down large and complex financial firms that are failing. The OLA expects to minimize moral hazard and systemicrisk. Another
considerable aspect of Dodd–Frank is new rules calling for greater transparency in risky dealings of exotic financial instruments: derivatives. The aim
was to take these transactions out of the shadows and make them visible to regulators and markets. Dodd–Frank also paved the way for monitoring the
insurance industry by establishing a Federal Insurance Office in the Treasury. Altogether, these were useful steps and tools of Dodd
–Frank. However,
Economist Barry Eichengreen points out that vesting the Fed with additional regulatory power and responsibility for the stability of the financial
system was a political nonstarter. The recently bailed out AIG was using money provided by the Fed to pay retention bonuses totaling up to $6.4
million to 73 of its leading employees. Aware of the bonus payments, the Fed claimed to be powerless in preventing them. Later, a darker fact
revealed that AIG was allowed to pay off obligations to Goldman Sachs using Fed bailout funds. The Fed knew about these transactions, and even
instructed AIG lawyers not to divulge to the Securities and Exchange Commission (SEC) internal memos authorizing said payments to Goldman Sachs.

Challenges Faced by India Inc.
10 challenges for India to reach 2050 potential
"In our latest annual update to our Growth Environment Scores (GES), India scores below the other three BRIC nations, and is currently ranked 110
out of a set of 181 countries assigned GES scores. If India were able to undertake the necessary reforms, it could raise its growth potential by as much
as 2.8% per annum, placing it in a very strong position to deliver the impressive growth we outlined," it says.
Here are the 10 things for India, as outlined by Goldman Sachs, to achieve its 2050 potential:
India's governance problems overarch all its other problems. Without better governance, delivery systems and effective implementation, however, India
will find it difficult to educate its ... Show more content on Helpwriting.net ...
IT has given major benefits to a broad variety of countries, ranging from 'developed' countries (such as New Zealand, Sweden and the UK) to
'developing' ones (such as Brazil, Korea and South Africa). For India, there are probably broader powerful benefits," it says.
India's gross fiscal deficit remains one of the highest in the world and, recently, government liabilities have been increasing at an alarming rate.
Goldman Sachs estimates that the overall government deficit stood at just under 6% in FY2008. In FY2009, this may accelerate to above 7%, due to a
large debt–waiver for farmers, a big wage hike for civil servants, increasing fertiliser and oil subsidies, and higher exemptions on income tax.
At such high levels, government borrowing crowds out private–sector credit, keeps interest rates high, adds to already high government debt, and
becomes a key source of macro vulnerability.
Therefore, a medium–term strategy for fiscal policy, which reduces the overall deficit to a sustainable level, is critical for India.
India's financial sector remains small and underdeveloped. The state still dominates the sector, holding 70% of banking assets, a majority of insurance
funds and the entire pension sector.
Additionally, markets are lacking in corporate debt, currency and derivatives. This leads to a lack of credit and low financial savings. Total credit, at
50% of GDP (although increasing rapidly in recent years), remains well below that of its Asian

Essay on Company Analysis and Pronosis of Goldman Sachs
Company Analysis and Prognosis: Goldman Sachs
Nic Wilson
MGMT 498
John Pepper
1 November 2012
Table of Contents
Introduction–1
Background–2
Organizational Definition–3
Company Organization and Structure–3
Institutional Client Services–3
Investment Management–4
Investment Banking–4
Investing and Lending–4
Revenue, Expense, and Net Income–5
Assets–6
Return on Assets and Equity–7
Position in the Industry–8
Stock Market Performance–9
VRIO Analysis–9
SWOT Analysis–10
Strengths–10
Weakness–10
Opportunities–11
Threats–11

Corporate Level Strategy–12
Business Level Strategy–12
Prognosis–12
Conclusion–13
Nic Wilson
MGMT 498
John Pepper
1 November 2012
Company Analysis and Prognosis: Goldman Sachs
Introduction ... Show more content on Helpwriting.net ...
Financial services differ greatly depending upon where you are at. Different countries have different currencies, markets, laws, and accounting practices
to list a few. Because of this most financial institutions use a similar organizational structure. Goldman Sachs breaks their operations into four
segments: Institutional client services, investment management, investment banking, and investment and lending (GS).
Institutional Client Services
They have a global structure to ensure satisfaction with strategic and financing needs of clients around the world. In the institutional client services
segment they facilitate client transactions and make markets in fixed income, equity, currency and commodity products–primarily with institutional
clients (GS). In addition to this they make markets and clear client transactions on major stock options and futures exchanges worldwide, provide
financing, securities lending and prime brokerage services (GS). Although revenues from these activities are decreasing it is still by far the greatest
source of their revenue (GS).
Investment Management
Investment Management is

Goldman Sachs Essay
AFF 5050
Global Banking Institutions and Issues
Group Assignment
Letter of Transmittal
Dr Piyadasa Edirisuriya
Department of Accounting and Finance Caulfield campus, Monash University 900 Dandenong Road Caulfield East VIC 3145
Re: Major Report for Goldman Sachs Group, Inc.
Dr Piyadasa Edirisuriya,
According to the assignment requirement, we hereby submit this report for Goldman Sachs Group, Inc. Based on the report, we went deep into
Goldman Sachs's history, products and services, talked about the financial and physical strength, and analysed the performance of the bank within last a
few years as well as the future expectation of the bank. Finally we identified the influence of the sub–prime crisis to this bank and its ... Show more
12
Word Count: 4308
Page 2
3.
3.1 3.2 3.3

Current state of Goldman Sachs..........................................................................12
Physical Strength .................................................................................................... 12 Financial strength
................................................................................................... 14 Ratio analysis ......................................................................................................... 15
3.3.1 Return on equity capital (ROE) ............................................................................... 15 3.3.2 Return on assets (ROA)
.......................................................................................... 16 3.3.3Net interest margin .................................................................................................. 17
3.3.4 Dividend Payout Ratio............................................................................................ 17 3.3.5 Cost to Income Ratio
.............................................................................................. 18 3.3.6 Basic earnings per common share (EPS) ................................................................
19 3.3.7 Profit margin .......................................................................................................... 20

Goldman Sachs
Goals of the Organization
Setting clear goals is a primary step that an organization needs to take to succeed. This is important as it ensures that the organization has a clear vision
on what it wants to achieve at different stages of growth.
It also helps in defining the yardsticks, usually quantifiable measures that we can use to objectively monitor the progress made by the organization and
help in determining if its policies and structures are working as intended.
Finally identifying your goals effectively helps in motivating the employees and improves communication processes both internal and outside public
relations.
Let us now look at the goals which Goldman Sachs has set for itself, identified from its vision & mission ... Show more content on Helpwriting.net
...
* To be good corporate citizens and make a difference to the society
Goldman Sachs partners various organizations involved with uplifting the society and caring for the environment. It does so by providing both human
resources through its programs like Community team works & 10000 small businesses initiative and monetary help through it Goldman Sachs
gives and matching gifts programs apart from various sponsorships and scholarships.
Technology at Goldman Sachs
Goldman Sachs considers technology to be one of the biggest disrupters in the coming times and has hence invested considerably in sprucing it up.
It has divided it into two components: * Technology for Financial systems: The main focus is primarily on two things here: * Increasing speeds: To
counter the growing tribe of boutique high frequency trading firms, Goldman Sachs has developed its own modeling language Slang and a
corresponding database called Securities database which gives it an edge of multi milliseconds over its rivals for similar models. * Automating the
entire trade flows and other processes: This ensures that there is lesser scope for error and is able to handle larger volumes of trading. It is built in a
modular manner thereby ensuring that different systems having different functionalities are separate from each other and thus failure of one node may
not necessarily affect the others. * Technology for non–financial systems: These include

Greece : The Greek Debt Crisis
In 2009, The Greek debt crisis began. This crisis is still ongoing today, but there have been many changes that occurred in Greece. This is also
known as the Greek Depression. It is part of the ongoing Eurozone crisis, which was generated by the global economic recession which started in
October of 2008. It is said to be caused by a combination of a weak Greek economy and an overly high structural deficit and debt to the countries '
government debt and the gross domestic product. Later in 2009, the question/ fear of sovereign debt crisis, which is the failure or refusal of the
government to pay back debt in full, developed concerning Greece's ability to even meet its obligations of paying its debt. This all led to a full blown
crisis and risk insurance on credit default swaps, which are pretty much giving out loans to help pay off some of their debts.
There was a downgrade of the Greek government in April 2010 that alarmed the financial markets. Bond yields rose so high that private capital
markets were no longer an option for Greece as a support foundation. In May 2010, the Eurozone countries and the International Monetary Fund gave
Greece a "bailout loan" of $110 billion, conditional on compliance with 3 conditions 1.)restore fiscal balance 2.) privatization of government assets
worth $50 billion by the end of 2015 to be sustainable 3.) to improve competitiveness and growth prospects. Sadly, Greece worked slower than
expected and they needed another year offer and more

The Presidential Race Rages On By Donald Trump
As the presidential race rages on, Donald Trump has lashed out against a fellow republican candidate who was seemingly slated early on as a potential
vice president running mate. Instead, Trump has turned the table on Cruz by running a 30–second commercial ad portraying candidate Ted Cruz
campaign of wrongful practices in his candidacy sweetheart funding, amnesty for illegal immigrants, and falsely accused the Cruz campaign of
starting rumors of Ben Carson suspending his bid for the White House. With the political race coming to end, candidates will do everything it takes to
gain every vote possible, even if it means destroying another candidate's appearance. Donald Trump has done so with his accusations against
presidential candidate, Senator Ted Cruz. Trumps commercial, "What Kind of Man," explains how Ted Cruz has not been truthful in his actions
during his campaign and how Cruz "can't be trusTed." Donald Trump states that Cruz had taken more than a million dollars from Wall Street banks
in what people call sweetheart loans and never disclosed them. A sweetheart loan is a loan with term the normal person seeking a loan would not get.
He was able to achieve this because his wife, Heidi Cruz, was the managing director there at that time. In Cruz's 2012 Senate campaign, Ted Cruz
unsuccessfully disclosed his loan given to him by the company that his wife works for, Goldman Sachs (Mcintire). That same year Cruz also forgot to
disclose loan given to him by Citibank

Goldman Sachs IPO Case
Business Financial Policy & Strategy Case Analysis: I.Statement of the Problem: In 1882, a partnership was formed between Marcus Goldman and
his son in law Sam Sachs to create the financial services firm Goldman Sachs & Co. Due to the strategic management; Goldman quickly grew to
become a major commercial paper dealer and eventually would become the market's leader. Goldman began experiencing exponential success over
the years with over 190 partners, 13,000 employees by 1998. However, although it was experiencing success, skeptical speculations begin to arise
about Goldman's ability to maintain its place as market leader considering its competitors issues IPO's over a decade ago. Goldman being a partnership
... Show more content on Helpwriting.net ...
Considering these optimism trends, Shelf Registration would be least favorable alternative. IV.Final Recommendation: Given the calculations that
were projected from the forecast, and the economic state of the market, I recommend that Goldman Sachs move forward IPO for two reasons.
First, involves the given calculations of the P/E ratio and P/B ratio. The P/E ratio serves as an indicator of the amount of earnings Goldman
receives per share. The P/E ratio for Goldman was 25 making it 7 points above the industry average of 18.83. In addition, the P/B ratio that
generated was 5.24, which is higher than the entire industry's P/B ratio. These two components in addition to favorable market conditions for
investment banks allowed us to highly encourage an IPO. If Goldman Sachs went public and allowed the Partners to retain 56% stake, employees
receive 24%, and divide the last portion of shares to the public based upon their capital expenditures needs. This would not only provide them with the
capital needs to proceed with its global operations and strategic operations but it will also mitigate the risk of losing control of the company. Also by
allocating these high percentages to partners and employees, this would serve as motivation of loyalty and compensation for employees who could no
longer become partners. Although Goldman Sachs would be

Singapore Management University Goldman Sachs in Libya
Singapore Management University Goldman Sachs in Libya
Goldman Sachs in Libya With a founding history of 145 years, Goldman Sachs, the investment banking, securities and investment management firm can
lay claim to being one of the most profitable among the Wall Street firms–better than its competitors while managing to retain its reputation all along as
one with impeccable credentials. As stated on their company website, Goldman Sachs prides itself on having pioneered many of the practises and
techniques that have become the norm in the investment banking circles. The firm also incorporates a business model which consists of hiring the best
talent and inculcating in them a corporate culture where partnership culture is valued above all else, and honouring its founding principles, the first of
which, quoting Goldman is "Our client's interests always come first."1
After the financial crisis of 2008, however, there is another way of viewing Goldman Sachs: a firm that prided its dedication to its clients as the apogee
of its structure, to one that has evolved into something more blatantly self–serving. According to author William Cohen, in his book–Money and Power,
he has stated that "Its primary source of profit has shifted from banking to trading, and the firm is intentionally quite vague about how, and precisely
where, those trades are made or, equally relevant, from whom the profits are coming." It is a Wall Street titan whose clever bet against the mortgage
market in

Goldman Sachs Case Study
1. Why Goldman Sachs Needs a Systematic Approach
Historically, Goldman Sachs (GS) has been known for its high–end performance and reputation as one of the top investment banking firms in the U.S.
Placing its customers' interests as the first business principle (Groysberg and Snook, 2005, p. 16), GS takes pride in the high–quality work and heavy
teamwork culture in order to execute the best in class financial services. As a small firm, GS relies on its apprenticeship model, where a new manager
will informally learn the job and leadership from an experienced leader (Groysberg and Snook, 2005, p. 7). However, the booming of financial service
opportunities, the introduction of the High Tech industry, and the global expansion of the firms in the 1990s reveals that there is a discrepancy in GS's
mentorship model and the business goals of the firm. Consequently, GS should consider supplementing the current training method with a more
systematic approach to leadership development to prepare its leaders for the changing business contexts.
1.1 Competitive Investment Banking Service
From 1990 to 1999, the continuous bull market and the Initial Public Offering (IPO) of many private firms promote the growth of investment banking
business. Since the larger resources mean higher competitiveness for the banks (Groysberg and Snook, 2005, p. 2), many financial service firms are
consolidating to increase their competitive advantages. GS's reputation requires the company to deliver its

Ralph Liftshitz : Building A Fashion Empire With Ralph Lauren
Building a Fashion Empire with Ralph Lauren Ralph Lauren is a nuanced visionary; he went from being dirt poor to a multi–billionaire. Ralph Lauren
was an American dreamer. He states, "I went to my boss, and I said, 'Look I'd like to design these ties because I think they could be new.' He said, 'The
world isn't ready for Ralph Lauren.' I never forgot that because I thought that was a compliment." Ralph took an idea, then made it his reality. He is
such an important person in American history, because he performs the idea of believing and achieving. Ralph Liftshitz was born October 14th, 1939.
He was born in the Bronx in New York City. His parents, Fraydl Kotlar and Frank Liftshitz, were Ashkenazi Jewish working immigrants. Together they
had four children, Ralph was the youngest. Ralph attended DeWitt Clinton High school and Baruch College. As a teenager he had many aspirations,
some included being a baseball player, basketball player, a cowboy, an actor, a dancer, and batman. He had a numerous amount of dreams so early
on in his life, which molded him into the successful man he is today. At the age of sixteen, Ralph and his brother had changed their last names to
Lauren. Ralph worked as a salesman by day and took business classes at night. In 1964, Ralph married Ricky Anne Loew–Beer. At this point in time,
Ralph set his sights on the New York fashion industry. He worked forBrooks Brothers as a salesman, then a series of manufacture neck ties. Once
Ralph decided he was

Business Initiative : Goldman Sachs
GOLDMAN SACHS ABSTRACT
Communications plan to help Goldman Sachs reach goal of helping 10,000 small businesses increase their revenue and change their local economies.
SHAYNA JAMISON
PSPR 6202 Goldman Sachs 10,000 Small Businesses
Goldman Sachs 10,000 Small Business Initiative is an investment to help entrepreneurs across the country to create jobs and opportunity by providing
access to capital, business support, and education. The initiative is supported by Goldman Sachs and the Goldman Sachs Foundation.
Thus far, 27 cities within the United States are participating in this initiative which include Atlanta, Boston, Chicago, Cleveland, Dallas/Fort Worth,
Detroit, Houston, Miami, Los Angeles, New Orleans, Salt Lake City, and New... Show more content on Helpwriting.net ...
Americans believed Goldman Sachs, along with other institutions were part of the demise of the U.S. economy. Spreading more awareness about this
initiative can help with the need to change the perception of the bank.
Continuing coverage of this initiative should be priority. Thus far, the 10,000 initiative has had conferences and meetings at Bloomberg. Being that
Bloomberg is such a big media giant, especially for finance content, the media giant should consider doing a special about small businesses and how
Goldman Sachs is realizing the dreams of entrepreneurs across the country.
Information on Goldman Sachs 10,000 Small Businesses can be found at: http://www.goldmansachs.com/citizenship/10000–small–businesses/US/
Goal of PR Plan for 10,000 Small Businesses
To help increase awareness of the Goldman Sachs 10,000 Small Businesses Initiative.
Create campaign to help initiative attract 4,500 quality small businesses to reach 10,000 goal.
Maximize existing and expand social media accounts, which includes Twitter, YouTube, and Instagram.
Expand campaign to additional markets to help boost the local economies.
Small Businesses in America
According to the SBA, 54% of all sales come from the 28 million small business in the United States.
Since 1970, 55% of all jobs have been created by small businesses.
40% of all retail sales and employment for 8 million people are due to the 600,000 small businesses that are franchised.
30–50% of all commercial space

Ethics: Goldman Sachs
"Goldman Sharks Swimming in Grey Water" Don Tram Joel Valenti Marcio Vandik Christine Vanstrom March 29th, 2012 Executive Summary
Goldman Sachs, founded by German immigrants, began as a small humble business looking to succeed. Over time their business strategy changed and
they entered into ethical and legal issues they had not encountered before. In the late 1920s Goldman Sachs began maliciously investing in companies
to drive their demand. They coined this term "laddering" from overleveraging them selves and putting the market at risk. Their actions created the
bubble that burst in the stock market crash of 1929. Furthermore, Goldman Sachs engaged in "trading huddles". Only their preferred customers where
chose to... Show more content on Helpwriting.net ...
Goldman clearly attempted to induce, or induced, certain clients to bid for or purchase offered securities in the aftermarket through its laddering
practices, which clearly violates Rule 101 of Regulation M. Goldman agreed to settle with the SEC by paying a fine of $40 million without admitting
or denying the allegations (SEC). Some of the unethical practices present in Goldman's laddering activities were: * Misrepresentation– Goldman
inflated the price of the IPO shares consciously through the manufactured demand and the price of the shares were misrepresented. * Lying– Goldman
Sachs lied to some of its best clients and had them pay higher price than the initial price under the laddered IPOs. * Violating Rules– Clearly making
money from laddering is a violation of rules and therefore Goldman paid a heavy fine when they were caught engaging in this illegal practice
Collateralized Debt In order to understand Goldman's involvement in CDO's it is pertinent to explain the security. Collateralized debt is simply an
Asset–Backed Security, which means that there is a physical asset backing the security under contract. For example, a house serves as collateral for a
mortgage and the bank has the right to

Summary: Beware Of Greeks Bearing Bonds
A spacious home filled with two kids and a beautiful wife in the middle of a suburban utopia. Two cars sit in the driveway, both less than a few
years old. A fully stocked refrigerator and pantry sit quietly in a modernized kitchen. Your bank statements reflect a healthy savings, with more
being added to it each month. A secure white collar job provides the benefits and flexibility to take a quarterly vacation. When people are asked to
envision the 'American Dream' this is what you might expect to hear or imagine yourself. America has become the land of opportunity, where this
dream is just a few quick signatures away. For many this dream was once very attainable, but over the past 40 years as cost of living and education
has increased and average... Show more content on Helpwriting.net ...
housing market in 2008, which I will go into more detail about later, created a domino effect which spread to almost every major Westernized
economy, including Greece. Michael Lewis, author of The Big Short, and many Vanity Fair Magazine articles, including "Beware of Greeks Bearing
Bonds" has extensively researched the recent world economic downturn in 2008, attributing the cause to a combination of overconfidence in the
housing market and complicated financial trickery by big investment banks like Goldman Sachs, Lehman Brothers, and others. In "Beware of Greeks
Bearing Bonds" Lewis writes in relation to corruption within Greek government, "Here, in 2001, entered Goldman Sachs, which engaged in a series of
apparently legal but nonetheless repellent deals designed to hide the Greek government's true level of indebtedness. For these trades Goldman
Sachs...carved out a reported $300 million in fees" (Lewis, 13). Along with teaching Greek government to hide their nation's debt, Goldman Sachs also
taught them to identify sources of future income and turn those resources into cash which they could spend however and whenever they pleased, often
putting much of the money into their own pockets

My Interest Of Computer Science
My interest in Computer Science started at a young age, when I started taking lessons in BASIC in school. As I continued my education in computer
science with COBOL, C, C++ and SQL, this interest grew into complete absorption with the subject throughout my school years. When the time came
for me to choose a major for my undergraduate studies, I confidently opted for Computer Science which was a full–fledged passion of mine by then.
During my Bachelor's, I enjoyed the curriculum immensely, and several of the subjects I was taught like Data Structures in which Linked List, which
is a dynamic structure whose length can be increased or decreased at runtime, was my favourite topic. Java Programming won me over when I had to
do a custom FTP server 8 years ago where the file transfer was controlled by the server instead of being controlled by client, Database Management
System taught me about normalization of database a topic I enjoyed as it is the foundation of every database and without which the task become
arduous and can lead to data loss. Object Oriented Systems concepts like polymorphism, inheritance, encapsulation and abstraction were fascinating.
Finally, while studying Operating Systems I understood the importance of operating systems like Unix and Linux in today 's competitive world. In
order to gain thorough knowledge of my studies, I undertook several projects during my undergraduate studies to enhance the theoretical concepts
taught in class. Library Management

Analysis Of The Sale Of Neiman Marcus Group
Factual Background/ Summary
This negotiation, which occurred in 2005, was regarding the sale of Neiman Marcus Group (Neiman) and joint corporate agency comprising of 2 large
private equity firms namely Texas Pacific Group (TPG) and Warburg Pincus (Warburg). It is potent to note that at the time of the said acquisition,
Neiman was at the height it's industry (refered as the "crown jewel") , i.e its managerial team was held in high esteem, their stocks were at an optimum
level, their financial health was exceptional with investment grade credit and inconsequential debt.
Impressively, the sale concluded with a grand total of $5.1 billion, which was considered to be high if not more than the ... Show more content on
Helpwriting.net ...
In addition, protections were laid down by Neiman, in their favour, which binded the buyers and proscribed any eleventh hour buyer's remorse.
It was highlighted by Howard Raiffa that there are certain 'organising questions' that need to be answered for the identification of significant
characteristics of every negotiation. Firstly, he proposed that the primary question to be answered is in regards to the number of individuals or group
of individuals involved, i.e the size and the presence or absence of internal conflicts in the groups.
As mentioned above, the key parties involved are Neiman, TPG, Warburg, their respective lawyers as well as Neiman's banker,Goldman Sachs.
Formation of Deal
Neiman Marcus constituted a significant portion of the Smith family's dynastic wealth. Nevertheless, due to a tax obstacle – as a result of a prior
restructuring– had just become obsolete and because there was had been favourable sale in the retail industry, 2005 seemed like an adequate if not
perfect moment to be taken advantage of by the Smith faimly with the sale of Neiman.
The board of directors proceeded with an evaluation of their option
Seven Elements of Negotiation

It would be practical to address Patton's 7 elements of negotiation in order to analyse the Neiman–TPG/Warburg scenario, namely, Interests, Legitimacy,
Relationship, Fisher and Ury's BATNA (Best Alternative to a Negotiated

Goldman Sachs Case Summary
| Goldman Sachs Group Topic: Initial Public Offering Report Format I.Statement of the Problem II.Alternative Solutions III.Analysis of Alternative
IV.Final Recommendations V.Appendix I.Statement of the Problem If the firm remains a partnership could the firm continue to compete on an equal
footing with its competitors, would they be able to retain key employees? How would tangible as well as intangible assets be valued in its stock
price as a public firm? Problem: What initial public offering valuation would be most appropriate for Goldman Sachs & Co. to use? II.Alternative
Solutions 1. Industry Comparables 2. DCF model III.Analysis of Alternatives In order to compare Goldman Sachs to companies... Show more content
on Helpwriting.net ...
This can get to part of the cash flows that we are looking for to do the discounted cash flows model. It does not give other items that are needed
such as the capital expenditure of Goldman Sachs and the Net Working Capital in order to find the change for the projected years to come.
Another number we would need to find the IPO with this model would be a discount rate and some more information from the other companies
that have gone public that Goldman Sachs can be compared to. This is why this model does not work well in order to find the IPO for Goldman
Sachs. All of the numbers will be estimated amounts and not be able to properly give Goldman Sachs the IPO price. IV.Final Recommendations
Goldman Sachs should use their industry comparables in this case to value their IPO. There is more given information for the other companies to
come up with a better number for Goldman Sachs. The IPO that was found was $55.83 which would be a good number for Goldman Sachs to start
off with. This IPO price is a good estimate given from the information in the Exhibit and what I feel they should use as their IPO. V.Appendix
Comparables: Price/book average= (4.5+3.6+4.2+1.7+1.6)/5 Price/Earnings Average= (18.6+21.3+28.2+11.7+12.1)/5 Stock Price estimate= 3.12*15.64
=18.38*3.42 Average Stock Price=

Goldman Sachs Case
It was announced Friday April 16, 2010 that Goldman Sachs is now under review by the SEC regarding fraudulent practices. The short of it is that
Goldman Sachs may have been one of the biggest players in the sub prime mortgage decline, due to their lending of these types of loans. An
investigation is being launched to see if and how they may have defrauded customers.
Unfortunately, the investigation is going to take time, so anyone who had dealings with Goldman Sachs is not going to find an instant decision that
betters their life. If someone had a mortgage from this company or somehow through the company, it may be possible to get some sort of reparation.
While you wait, you might be thinking about payday loans and what a cash advance ... Show more content on Helpwriting.net ...
The question is, Is this the right decision? Should you be betting your personal finances on loans that are considered every bit as bad as a fraudulent
mortgage company loan?
Here is why you might want to avoid the payday loans if you are in dire debt troubles. A payday loan is a short term loan with little regulation. In
other words, the companies have found a loop hole that allows them to charge you high interests in a short period of time. There is also a fee
associated with the cash advance. If you are in a situation where you cannot pay the loan back on the due date, and in full, you are just creating more
debt for yourself.
On the other hand, if it is possible to pay it all back and avoid the hefty interest fees, it could be a sound decision to get you through the month. The
reality is that most individuals seeking payday loans are already behind in payments and obtaining this type of loan could make it even worse. You
have other personal finance decisions you could make. You could seek a debt consolidation loan through a bank or consolidation loan company. You
could sell your car to raise the needed

Compare and Contrast Brazil and China as Bric Countries
Currently, economic world are more dynamic. Many developed countries such as European Union, US, and Japan as the largest economic are going to
be overtaken by developing countries, particularly BRIC. BRIC stands for Brazil, Russia, India, and China. Those countries are growing rapidly and
making contribution to the world economy as Goldman Sachs (2010) said, "Between 2000 and 2008, the BRICs contributed almost 30% to global
growth in US Dollar terms, compared with around 16% in the previous decade". Furthermore, even Goldman Sachs predicted in 2050 the BRIC could
account for almost 50% of global equity markets. This essay will compare and evaluate critically economic growth prospect of China and Brazil as two
BRIC countries in the context ... Show more content on Helpwriting.net ...
Therefore, Brazil is trying to utilize China's huge market to replace their lost demand in the US. In fact, the collaboration between China and Brazil has
expanded in multiple sector including financing, investment in joint projects, energy cooperation, and military sales (EIU, 2010). Thus, China became
the largest trading partner for Brazil since 2009 with value about US$36bn (EIU, 2010).
One of the important factors of the growth in China and Brazil as BRIC countries is Foreign Direct Investment (FDI). There are several factors that
contribute to attract FDI including market size, institutional and regulatory quality, trade openness, infrastructure quality, economic and political
stability, and labor quality and cost (The World Bank, 2011). China is still the most attracting for FDI among any other BRIC members (UNCTAD,
2012). Huge amount of market, low inflation and stability of their government are might be the factors that attracted the FDI in China. According to
the ministry of China, "Investment from the United States decreased by 26.1 percent in 2011 to $3 billion, while that from the European Union
decreased by 3.65 percent to $6.3 billion" so, China's FDI was hit by the global financial crisis in the EU and US. However, The most attracted FDI in
Brazil is in market size sector with the fact that Brazil will be the host of

Ikea Swot Analysis
Ahere are certain tools that helps in developing an insight view of the company such as PESTLE/STEP analysis, SWOT, resourced based view and
value chain, which helps in giving the information that reveals the current position of the firm in the market. Further, these tools have been used to
analyse Goldman Sachs.
"A company which is a leading global financial services firm providing investment banking, securities and investment management services to a
substantial and diversified client base that includes corporations, financial institutions, governments and high–net–worth individuals. Founded in 1869,
the firm is headquartered in New York and maintains offices in London, Frankfurt, Tokyo, Hong Kong and other major financial centres... Show more
For example, the political condition is stable for Goldman Sachs in one of the growing economies i.e. the Indian economy, but there are fears of hung
parliament due to lack of clear majority in parliament creating fears of wrong investing in the minds of investors thereby reducing capital.
Such kind of factors can influence Goldman Sachs depending upon the context in which it is operational.
SWOT analysis
Organizational capabilities are formed when a firm utilizes its resources efficiently and effectively. For example Goldman Sachs would be able to
deliver outstanding customer services by helping the firms to reduce its debt load. This and other factors help to determine the core competence of
Goldman Sachs.
Furthermore, there are tools in strategic management that helps in analysing the core competencies of a firm. For example one of the tools that help in
analysing the current economic position of firm is SWOT analysis. Further, it consists of specifying the project and helps to spot the internal and
external factors that are favourable and unfavourable to achieving that objective. The strengths and weaknesses usually can be arisen from within an
organisation, and the opportunities and threats from external sources could be seen (Pettinger, 2004). Based on the above discussion SWOT analysis
model has been used to determine the core competencies of Goldman Sachs.
Goldman Sachs SWOT

Tortora Sillcox Family Foundation Case Study
Tortora Sillcox Family Foundation While the Tortora Sillcox Family Foundation requires organizations to be pre
–selected in order to receive a grant,
the not–for–profits that they currently support have similar goals and objectives as Breakthrough New York. In 2015 according to the Foundation
Directory Online, the Tortora Sillcox Family Foundation gave to Urban AssemblyNew York City, Bottom Line Massachusetts's and the POSSE
Foundation. As all of these organizations are working towards achieving similar goals as Breakthrough New York, we fit into their criteria for giving.
The Tortora Sillcox Family Foundation lists their mission statement as "increasing the level of academic rigor and the level of guidance and support for
students, resulting in increased rates of high school graduation, college enrollment, and college persistence." The only drawback to this foundation is
that it requires the foundation to approach the organization instead of the ... Show more content on Helpwriting.net ...
The area of funding that Breakthrough New York falls under is College Success. According to the foundations website, "one of the founders' original
goals for the foundation was to ensure that disadvantaged students have the same opportunity to get to and graduate from college"
(MSDF_Foundation). This quote falls in line with the beliefs that Breakthrough New York has that all students in New York City, regardless of where
they live, should have the same access to a college education. On their website the foundation lists a goal of theirs is to "outperform the national
averages for college enrollment and graduation for low–income students in the programs we fund by 50 percent" (MSDF_Foundation). While this may
seem like a difficult goal to achieve, the foundation has already been successful in changing the outcomes of the lives of the students they have worked

The Great Recession Of The 2000 ' S Essay
I.Introduction
The Great Recession of the 2000's is something many of us have been affected by in some way or form. From the real estate bubble to the acts of
major firms on Wall Street–there were numerous factors that lead to this recession. The United States Government is to blame in large for what
happened to the economy in the early part of the 2000's. Major firms such as Merrill Lynch, Goldman Sachs, and AIG tried to used the failing economy
as a huge paycheck to their CEO's, payouts made partially by the US Government's bailouts. The government should have allocated money to the people
who were struggling, not continue to feed the "hand that bit them."
II.The Real Estate Bubble
The housing market had started to decline in 2007, after reaching peak prices in 2006. There was an extremely high amount of subprime mortgages
that had been issued in the early 2000's. Homeowners could no longer afford to live in their homes, payments started going to default, and foreclosures
started to rise. According to The Washington Post, there were five contributing factors to the housing market crash: low–doc loans, adjustable– rate
mortgages, equity line of credit, more money down than needed, and mortgage insurance.
Low–doc loans: a very easy loan where you do not need to show proof of income to obtain a loan.
Adjustable–rate mortgages: in simple terms, an adjustable–rate mortgage is when the interest on a loan changes with the market. This sounds nice if
the interest rate is

Brazil Under Lula: Off the Yellow Bric Road Essay examples
Question 1:
1. Situation Analysis
Brazil is being considered as a growing economy. In fact the country, one of the BRIC nations is seen by analyst of Goldman Sachs as one of the five
nations that will be at the top of all nations with regard to a country`s GDP (The Goldman Sachs Group Inc., 2007). To understandBrazil`s current
situation and how the country may be able to grow out of this position as a global player in the near future aiming a better globalization of the country
by the year 2050, one has to see Brazil within a bigger frame. Within this frame, actions taken have to be integrated into the five obstacles Brazil
currently faces.
1.1. The five obstacles Brazil has to overcome (Brazil Cost)
There are five obstacles ... Show more content on Helpwriting.net ...
The key for an even higher growth rate is to challenge the country`s way of operation. Thus Brazil can be seen as a country of the future. Even though
the country has to find its place within the BRIC nations. By comparison with the other nations, it can be seen that Brazil is considered to be the
weakest nation. Given the fact that globalization can be seen as the future for every country (Naim, 2009), also Brazil will be able to take a stance of
defining the nation`s globalization strategy with a thorough plan of actions.
BRIC nations are defined as becoming the largest economic bloc in the world by 2050. The foundation therefore among other aspects lies in the
population of these countries. Brazil has a population of 186 million (in 2006) people. Further can be seen that the human development index (in 2003)
can be found at 0.792, which is following Russia the highest index.
In addition should be noted that the latest government practices a democracy steered towards globalization. This democracy as well allowed more
privatization. Another way of seeing the 'global' Brazil, is by acknowledging Brazil`s major industries regarding its exports.
Seeing these factors as a foundation for Brazil to become an economic leader in the future, the nation still has to work its way there. Hence are there a
few issues Brazil has to get a hand on. So is for example the

A Review On The Buyers ' Ownership Financing Risk, Neiman...
Instead, the buyers' only notable out would be a tightly drafted material adverse change ("MAC") clause – and the buyers were well aware that the
threshold for adverse events to qualify as a MAC is extremely high in Delaware courts.60
Why would bidders as sophisticated as TPG and Warburg agree to terms that seem so skewed towards the sellers? In their own words, they were
"very comfortable with the process."61 They negotiated MAC clauses with the banks providing debt financing that mirrored almost perfectly the MAC
clause in the sales agreement, so they were "very confident that their banks would show up."62 Second, Neiman was negotiating from a position of
strength: it was a highly–respected company and there was significant interest in the auction. In short, TPG/Warburg really wanted the company and
believed that they would be able to close the transaction, so they were willing to accept fairly restrictive deal protections. Finally, to mitigate the buyers'
financing risk, Neiman's bankers at Goldman Sachs offered potential buyers "stapled financing" for the deal.63 This creates for buyers a convenient
negotiation floor vis–Г –vis other potential *248 sources of leverage, because their financing is guaranteed.64 Moreover, stapled financing may enable
buyers to bid more boldly by guaranteeing the availability of financing on certain terms.
3. Being in the Right Place at the Right Time.
There are a number of intangible factors that facilitated this particular deal and may, in

The Campaign Of A Sucker That Is The Trump Administration...
A sucker that is. While the travesty that is the Trump administration marches forward, it is interesting to point out that many of Trump's policies serve
to continue the economic decline of many Americans, most notably those in his own base.
Trump supporters have spent the past year and a half blinding themselves to facts rather then give up their carnival barker who spews feel–good
phrases about building walls and putting political opponents in jail. But who cares what a person's policy agenda turns out to be as long as they are
saying what you want to hear?
Within only two weeks of being sworn in, here is what the PT Barnum crowd has gotten for their efforts:
A push to further weaken and destroy unions
Last week, a bill created by ... Show more content on Helpwriting.net ...
The rules require banks with assets of over $50 billion to hold up to 3% of their proceeds in cash or highly liquid securities in order to avoid bank
failure in the case of another crash.
The problem for banks is that they now can't use that small percentage of low yielding assets to turn a profit on, and this makes them very sad. You
see, bank CEOs don't really care if their banks fail and millions of American are left in a lurch due to a lack of this protection. They simply want to
make as much profit as possible and let the potential carnage to the markets be damned – that's because the executives of a bank can walk away with all
their money, while leaving a decimated stock market behind.
Another aspect of the plan is that large banks must submit resolution plans to regulators each year detailing how their institution could be dissolved
without harming financial markets. And this is terrible for banks because, I don't know, extra paperwork? Or maybe they just don't like to have to give
the appearance of responsibility to American shareholders – that's something that only other companies have to do.
The Volcker Rule, which reintroduces central tenets of the Glass–Steagall Act, brings back the separation between banking and gambling (I mean
investing). After the Great Depression, Glass–Steagall was enacted in order to prevent banks from using depositor's

Bank Of Americ Market Prospect And Based On Long Term...
Introduction
Analyzing all the ratios applied to the financial services industry, Wells Fargo emerges as the best company to invest in. We arrived at this conclusion
through a process started from the analysis of the market prospect and based on long–term investitors' profitability. First of all we compared all the four
building blocks of the analysis making a selection and finding out that few companies were not as convenient as the others. Even though it isn 't the
BEST in most of these fields, WFC is a much safer investment than those that beat it.
General Description
BANK OF AMERICA: The third biggest company in the world and one of the "Big Four banks" in the United States, is a bank holding company and a
financial holding company. An institution serving individual consumers, small and middle markets, corporations and Governments with a range of
banking, investing and asset management and other products and services.
Bank of New York and Mellon Financial Corporation. Bny is the oldest bank of America. The fusion was thought in order to create the world 's
leading asset servicer. Through this, the two firms had also dropped of retail banking, by selling the divisions.
CITIGROUP: Citibank is a worldwide leading firm in the financial services industries. Born in 1998 from the fusion of Citicorp and Travelers Group,
in 2005 resulted the third strongest firm in terms of market capitalization, the biggest in terms of assets and one of the "Big Four banks" of the United

Goldman Sachs 's Stock Price
Goldman Sachs 's stock price declined $8.40 from $156.98 as of March 31, 2016 to $148.58 as of June 30, 2016. This 5% decrease is largely the
result of poor performance in an uncertain and volatile macroeconomic environment. The Company 's revenue in the first quarter of 2016 decreased
$4.28 billion as compared to the first quarter of 2015, falling from $10.62 billion in Q1 2015 to $6.34 billion in Q1 of 2016. This 40% decline can
be attributed to historically low oil prices, investor uncertainty regarding the outlook of the global economy, and a sharp decline in revenue from
investment banking activities. While conditions moderately improved in Q2 2016, the financial sector faces a new wave of uncertainty in the wake of
Britain 's departure from the European Union. Following Britain 's historic referendum, shares of Goldman Sachs fell 6.1%, as reported by the Financial
Times. As such, the Company has begun cutting costs, most notably by urging executives to dial back costs associated with travel to clients.
Additionally, the Company has laid off dozens of employees in response to the slowdown in investment banking activities. The decrease in Goldman
Sachs 's stock price reflects the uncertainty and turbulence of the current economic environment. Wal–Mart 's stock price increased $4.53 from $68.49
as of March 31, 2016 to $73.02 as of June 30, 2016. After a dismal 2015, the company embarked on a strategy to address key risks and has taken several

SEC v. Goldman Sachs Settlement

Recommended

Recommended

More Related Content

More from Erica Smith

More from Erica Smith (9)

Recently uploaded

Recently uploaded (20)

SEC v. Goldman Sachs Settlement