Got a tricky question? Receive an answer from students like you! Try us!

Goldman Sachs Group - Essay Example

Only on StudentShare
College
Essay
Marketing
Pages 3 (753 words)

Summary

Goldman Sachs Group With the recent occurrences in regards to the 2008 economic recession, companies such as Goldman Sachs have found themselves at the center of considerable controversy. While Goldman Sachs has received attention as of late, few people are aware of the corporation’s significant history…

Extract of sample
Goldman Sachs Group

Goldman Sachs emerged in 1869 when founder Marcus Goldman founded the company; his son-in-law Samuel Sachs would join the organization in 1885, giving the company its modern moniker. In this early incarnation, the company primarily functioned as a commercial paper manufacturer for entrepreneurs. They were highly successful and joined the New York Stock Exchange (NYSE) in 1896 (Lindskoog). In the early 20th century the company moved into the financial market, a path that would come to characterize the organization. Their first substantial contributions to this market were in terms of managing initial public offerings (IPOs). For instance, they managed the Sears, Roebuck and Company IPO in 1906 (Lindskoog). At the time this was the largest market IPO that had occurred on the NYSE. The next great shift in the company occurred in 1930 when Stanley Weinberg joined the organization. Weinberg’s major contribution was shifting the company emphasis from trading and more into the field of investment banking. While Goldman had suffered a hit in reputation during the 1929 stock market crash, Weinberg had worked to restore much of the company’s brand. One considers a similar parallel with the 2008 economic recession (Lindskoog). ...
Download paper
Not exactly what you need?

Related Essays

How has the UK retail sector adapted to recent changes in the economic climate effectively?
The Global Financial Crisis had a profound impact on almost all parts of the world. Millions of people around the world had to change their lifestyles, many financial institutions went bankrupt, thousands of employees lost their jobs, many people ended up living on the streets, governments in most part of world had to interfere, with bail out plans regardless of the fact that how capitalistic and free market their economy was, to save their institutions. Many countries, which were climbing up the ladder of economic growth, witnessed decline in growth rates and worse, many western countries…
23 pages (5773 words)
How has the UK retail sector adapted to recent changes in the economic climate effectively?
The economic cycle or business cycle faces different phases that include slump, recession, recover and boom. During the last decade, the world witnessed turmoil in global market in the form of financial crisis that resulted in adverse impacts on almost every country of the world. Companies face different market circumstances in different phases and they react accordingly, In order to retain their positions in the market, they have to adopt different strategies so that they are able to generate enough revenue. The global downturn during 2008-2009 is one of the worst recessions faced by the…
54 pages (13554 words)
Land Securities Property Group
Investors often went for choosing commercial properties in place of bonds as investments because it offered very good return. Soon after 2007, this lucrative area of investment really became a nightmare zone for investors. The real estate industry faced setbacks due to globalisation, change in the economic scenario, recession, and sub-prime mortgage crisis. The property prices fell up to 50 percent. The commercial property industry revived by 2009 but the revival was not constant. There no stability in this industry anymore. The profits and losses in the real estate industry have become…
8 pages (2008 words)
The Rise and Fall of LTCM
On the other hand, there are differences between hedge and mutual funds, whereby the hedge funds are managed more aggressively compared to the mutual funds, hence making it possible to take speculative positions in derivative securities like decisions to short sell stock. Moreover, this increases leverage and risk of the funds hence are making it possible for the funds to gain profits when the market is declining. On the other hand, mutual funds are not allowed to be involved in highly leveraged positions; hence, they are considered safer than the hedge funds. Main sources of LTCM initial…
4 pages (1004 words)
Virgin Group
This profile majors in different areas, most of which will help in understanding the factors behind Virgin’s success. Purposely, it will provide a detailed analysis of the marketing strategies adopted by the group. In this part, the paper will give an elaboration of the pricing policy and other strategies like employee training. Further, the paper will focus on organization culture prevailing. This will include the behavior and values the group considers worth. Lastly, this report will provide a detailed analysis of the motivation the company gives to the employee hence the evident success.…
6 pages (1506 words)
Omnicom Group
Diverse portfolio What makes Omnicom Group different from other advertising agencies is that it has unique and highly diversified service offerings ranging from conventional media adverts to specialty communications. Generally, these diversified offerings help the organization alleviate the risks associated with reliance on just one segment of the business. Majorly, its service portfolios comprise conventional media advertising which entails media services and advertising, customer relationship management (CRM) services and marketing services which entail public relations services, specialty…
3 pages (753 words)
Report on the recent performance of Bank of New York Mellon
The banking entity is also one of the largest asset managers in the world managing USD 1 trillion of assets in its business. The bank of New York Mellon has an employee base of around 50,000 working in more than 100 markets throughout the globe. The Bank provides global financial services for corporations, institutions as well as the high net worth clients. The main functions of the bank are servicing and managing the financial assets of the customers. The banking corporation provides excellent asset management, wealth management, treasury services, asset management and services and clearing…
11 pages (2761 words)