Goldman Sachs: The Culture Of Success

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		Goldman Sachs: The Culture Of Success
		Goldman Sachs: The Culture Of Success

基本信息·出版社：Touchstone Books
·页码：336 页
·出版日期：2000年05月
·ISBN：0684869683
·条形码：9780684869681
·版本：2000-05-01
·装帧：平装
·开本：16开 Pages Per Sheet
·外文书名：高盛成功文化

内容简介 Book Description
Goldman Sachs, the premier investment bank in the world, was until recently Wall Street's last major private partnership, and significantly more profitable than any of its publicly owned competitors. How it sustained this success for most of its 129 years has for decades mystified financial players and pundits. Now, in this fascinating and authoritative study, the Goldman Sachs history and mystique are examined in unprecedented depth. Endlich, a former Goldman Sachs vice president with access to all levels of management, traces the rise and development of the firm in the context of its prevailing concept, 'People and Culture.' She documents how close client-contact, teamwork, and focus on long-term profitability over short-term goals brought the firm to a pinnacle of $3 billion pretax profits in 1997. In June 1998 the partners of Goldman Sachs voted to go public, and it made international front-page news. The story of the transformation will continue to attract extensive coverage.

From Publishers Weekly
Goldman Sachs, in most years the most profitable investment bank in the country, also holds the distinction of being the last major partnership among investment banks on Wall Street with partners earning tens of millions of dollars. In workmanlike prose, former Goldman v-p Endlich traces the bumpy road the company took from its founding in 1885 to its current status as a leader in the financial world. She dutifully reports the major developments in the company's history, such as the rise of Sidney Weinberg, who led Goldman from 1930 to 1969, a period during which the company overcame a tarnished reputation and became a financial powerhouse. The most interesting section of the book deals with the infamous British media tycoon Robert Maxwell and Goldman's role as his principal financial adviser: although the firm was exonerated of any illegal activity with Maxwell and his companies, it took three years to settle the various lawsuits filed against the company. Endlich is the victim of bad timing: her lively account of Goldman management's decision to take the company public in the summer of 1998 is rendered somewhat moot by the fact that those plans were derailed by the sudden (and so far brief) bear market. And although Endlich predicts that Goldman management might revive the IPO under the right market conditions, Goldman suffered one of its worst quarters for the period ended November 30 when profits fell 81%. Photos not seen by PW. Agent, Gerri Thoma at the Elaine Markson Agency. Foreign rights sold in the U.K., Germany, Japan and Korea.

From Library Journal
Endlich tells the story of the highly successful investment bank Goldman Sachs, from its beginnings in 1882 to the point last summer when the company was on the verge of going public (NB: at this writing, the public offering is still being postponed). Endlich, a former Goldman Sachs vice president, has researched the company's history and analyzed the organizational culture through interviews with its officers and employees. According to Endlich, total commitment is expected at Goldman Sachs and "teamwork...will be rewarded in full." She adds that "simply doing the job you were hired to do is not enough." Endlich profiles the key players, from founder Marcus Goldman through subsequent partners and chairmen Henry Goldman, Sam Sachs, Sidney Weinberg ("the father of the modern Goldman Sachs"), Gustave Lehmann Levy, and John Weinberg. She describes and analyzes significant events, including reasons why the company has decided to go public. This thorough, scholarly work is highly recommended for business collections in academic libraries.
　　　　　　　　　　　　　　　　　　　　　　　　-ALucy T. Heckman, St. John's Univ. Lib., Jamaica, NY

From Booklist
The 129-year-old Goldman Sachs is Wall Street's most venerable investment banking house and the last such firm to retain its private status. Endlich's account is a respectful survey of the firm's history. She was vice-president for Goldman Sachs and has access to Jon S. Corzine and Henry M. Paulson Jr., Goldman's cochairmen and CEOs, as well as to several former senior executives. Endlich describes the culture of loyalty and teamwork instilled at Goldman and shows how its emphasis on client interests resulted in record profits of $3 billion in 1997. She devotes a major portion of her book to the debate that raged among Goldman's partners over whether to go public. The decision finally to do so was made last summer, and it was reported that Corzine's shares alone would be worth $240 million. Then in early fall 1998, after the collapse of the Long Term Capital Management hedge fund and "unstable" conditions in the financial markets, Corzine and Paulson withdrew the public offering, an event Endlich reports almost anticlimactically. 　　　　　　　　　　　　　　　　　　　　　　　　　David Rouse

From The Wall Street Journal
Lisa Endlich, formerly a foreign-exchange trader at Goldman, is right to focus on the culture, because everything the firm did right flowed from its ethos of teamwork and from its studied patience.... Ms. Endlich obviously reveres her old firm, and her disinclination to trash her former colleagues is a welcome departure from the kiss-and-tell form now standard in business books and political books...
　　　　　　　　　　　　　　　　　　　　　　　　　　　　Roger Lowenstein

From The New York Times
It is not an easy thing to write a lively and informed institutional history, and Ms. Endlich's effort to do so with a large investment bank is a qualified success. Certainly, the transformation of an immigrant peddler's operation into a multibillion-dollar-a-year financial institution is an American classic, and Ms. Endlich describes its various stages with an insider's expertise...
　　　　　　　　　　　　　　　　　　　　　　　　　　　Richard Bernstein

Book Dimension
Height (mm) 236 　　　　　　　　　　　　　　　　　 Width (mm) 157
作者简介 Lisa Endlich holds master's degrees from MIT in management and in urban planning, and was a vice president and foreign exchange trader for Goldman Sachs. She was raised in Los Angeles and lives in England with her husband and their three children.
媒体推荐 James Surowiecki Newsday As the first meaningful look inside one of America's most important and least-known institutions, the book has the great virtue of being effectively a secret history. -- Review
编辑推荐 Richard BernsteinThe New York TimesThe transformation of an immigrant peddler's operation into a multibillion-dollar-a-year financial institution is an American classic, and Ms. Endlich describes its various stages with an insider's expertise....Fascinating.^E. William Smethurst, Jr.Chicago TribuneExcellent....An engrossing and fair-minded study of America's premier investment house.^Roger LowensteinThe Wall Street JournalGoldman Sachs: The Culture of Success tells the story of Wall Street's last major partnership through the prism of this culture -- loyal, patient, rich, secretive and ultimately anachronistic....Lisa Endlich, formerly a foreign exchange trader at Goldman, is right to focus on the culture, because everything the firm did right flowed from its ethos of teamwork and from its studied patience.^James SurowieckiNewsdayAs the first meaningful look inside one of America's most important and least-known institutions, the book has the great virtue of being effectively a secret history.

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