Posted by & filed under Part 1 Business in a Global Environment, Part 6 Managing Financial Resources.

Description:  How much trouble is Goldman Sachs really in? One answer: About $21 billion worth. That’s how much the vaunted Wall Street bank has lost in market value since it was engulfed in a fraud accusation two weeks ago.

Source: NYTimes.com
 
Date: 04/30/2010

Link: http://www.nytimes.com/2010/05/01/business/01goldman.html?ref=business

Questions for discussion:

  • Summarize the legal and ethical problems facing Goldman?
  • Do you believe the firm will be punished financially even more than it already has as the case progresses?
  • What message does this case send to other firms?
  • Is there a any commonality between the problems faced by Goldman and BP, after the oil rig disaster?

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