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Exploring Leadership in the News with Steven Pearlstein and Raju Narisetti

THE QUESTION

Can we trust Goldman Sachs?

Goldman Sachs promises to put customers' interests first. At the same time, Goldman was able to avoid serious financial trouble by hedging positions in ways that placed bets against clients. Do Goldman's leaders need a new business strategy, or do they need to just do a better job at explaining their business to regulators and the public?

Posted by Steve Pearlstein and Raju Narisetti on April 26, 2010 2:19 PM
FROM THE PANEL
Columbia University students

When values are a liability

What are the gaps in our educational and social curriculum that make it acceptable for some of our most influential business leaders to forget their duty to followers?

Posted by Columbia University students, on April 27, 2010 5:06 PM

Failed leaders

The leaders of Goldman Sachs have failed. Not just in their business practices, but in their integrity.

Posted by Coro Fellows, on April 27, 2010 1:02 PM
Robert Goodwin

What we mean by 'socially responsible'

For much of its existence, the American people simply haven't understood how Goldman operates. Now, that luxury is no longer an option -- Goldman must explain itself better.

Posted by Robert Goodwin, on April 27, 2010 12:51 PM

'Customer interests first' - really?

Goldman needs to admit their mistakes and somehow convince clients they will "put customers' interests first." The surest way to accomplish this would be to actually keep their promise this time.

Posted by West Point Cadets, on April 27, 2010 11:25 AM

Innocent until proven guilty

To Senator Levin and others who are using their pulpits to shape public opinion before all of the facts come out, shame on you.

Posted by Scott DeRue, on April 27, 2010 11:18 AM

Being 'legal' doesn't make it 'right'

What Goldman did in the past may have been "legal" under past standards but a different standard of "what is right" should apply in the future.

Posted by Benjamin W. Heineman, Jr., on April 27, 2010 10:24 AM

Regulators can't restore trust

The more Goldman demonstrates that they understand the public's frustration and articulates a plan for change, the better positioned it is to attract and retain clients.

Posted by Erika James, on April 27, 2010 6:45 AM

Post-IPO deception

By most accounts, so long as Goldman Sachs was a partnership, it behaved in a professional manner and was justifiably respected for its behaviors.

Posted by Howard Gardner, on April 27, 2010 6:34 AM

Fire the leaders

Goldman Sachs might be better positioned for the future by asking of its current leadership, 'Are these the right people to have driving the bus?'

Posted by Alaina Love, on April 27, 2010 6:28 AM

Is this the face of capitalism?

You could think about Goldman Sachs the way most of the world thinks of the United States of America.

Posted by Alan M. Webber, on April 27, 2010 6:17 AM

The business of fleecing others

The better job Goldman Sachs does in explaining exactly what its business is, the more outraged regulators and the public will be.

Posted by Roger Martin, on April 26, 2010 2:23 PM

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FEATURED COMMENTS

Ajay2: Goldman is the root cause of many of the ills that are faced by the common man whether it is currency fluctuations, oil price rise in 2006/2...

alloleo: "Do Goldman's leaders need a new business strategy," You mean, do they need to be honest for a change? "...or do they need to just do a be...

pessimist46: Goldman's job is basically helping those who have money to lend find those who need to borrow. Unfortunately, they have figured out that th...

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