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Goldman Sachs controversies information


Goldman Sachs Tower at 30 Hudson Street in Jersey City.

Goldman Sachs, an investment bank, has been the subject of controversies. The company has been criticized for lack of ethical standards,[1][2] working with dictatorial regimes,[3] close relationships with the U.S. federal government via a "revolving door" of former employees,[4] and driving up prices of commodities through futures speculation.[5] It has also been criticized by its employees for 100-hour work weeks, high levels of employee dissatisfaction among first-year analysts, abusive treatment by superiors, a lack of mental health resources, and extremely high levels of stress in the workplace leading to physical discomfort.[6][7]

  1. ^ Cite error: The named reference topexec was invoked but never defined (see the help page).
  2. ^ Cite error: The named reference Leaving was invoked but never defined (see the help page).
  3. ^ Harper, Christine (February 6, 2013). "Goldman Sachs Shouldn't Work for Russia, Human Rights Group Says". Bloomberg News. Archived from the original on February 26, 2017.
  4. ^ Creswell, Julie; White, Ben (October 17, 2008). "The Guys From 'Government Sachs'". The New York Times. Archived from the original on February 20, 2014.
  5. ^ Cite error: The named reference Shuffle was invoked but never defined (see the help page).
  6. ^ Karaian, Jason; Sorkin, Andrew Ross (March 19, 2021). "'I'm in a really dark place': Complaints at Goldman Sachs set off a workplace debate". The New York Times. ISSN 0362-4331. Archived from the original on September 16, 2021.
  7. ^ Ghosh, Palash. "Goldman Sachs First-Year Analysts Face 100-Hour Weeks, Abusive Behavior, Stress: Survey Says". Forbes. Archived from the original on September 16, 2021. Retrieved September 16, 2021.

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