By (author) Lisa Endlich
Normal Price: $27.78
Your Price: $25.00 AUD, inc. GST
Shipping: $7.95 per order
You Save: $2.78! (10% off normal price)
Plus...earn $1.25 in Boomerang Bucks
Availability: Available, ships in 10-12 days, Not for Xmas
Goldman Sachs by Lisa Endlich
Book DescriptionGoldman 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.
Buy Goldman Sachs book by Lisa Endlich from Australia's Online Bookstore, Boomerang Books.
Book DetailsISBN: 9780751527506
(198mm x 127mm x 33mm)
Publisher: Little, Brown Book Group
Publish Date: 6-Apr-2000
Country of Publication: United Kingdom
Books By Author Lisa Endlich
Goldman Sachs, Paperback (March 2000)» View all books by Lisa Endlich
Tracing the firm's beginnings in 1869 to its current status as world leader, "Goldman Sachs" is a rare and captivating look inside America's premier investment house and inside the financial world at its highest levels. of photos.
UK Kirkus Review » A chronicle of one of the world's most mysterious firms from a former Goldman foreign exchange vice-president. This tracks the rise of the proprietary trading and investment banking powerhouse from modest beginnings in the 1880s to being ostensibly the most powerful player in today's world financial markets. Goldman Sachs is the firm that institutionalized using P/E ratios for stock valuation and developing commercial paper and risk arbitrage. There are insights into the key figures behind the company's success from the years of leadership under Sidney Weinberg to the joint modern-day control of John Whitehead and Robert Rubin, as well as vivid descriptions of the Goldman culture, career paths, and the firms backbreaking workaholic environment. Every successful job candidate endures interviews with at least 20 vice-presidents and partners, and the bank demands that each is not an employee, but a contributor who is expected to give the performance of his/her life. Although the information she here been meticulously researched this book could be more focused. That aside, it still provides wonderful historical analysis. (Kirkus UK)
US Kirkus Review » The recondite investment bank whose very name evokes bags of gold, a firm as puissant as any on Wall Street, is investigated. Inside, it looks much as it does from the outside. Endlich, once a Goldman Sachs vice president, treats her former employer well. The firm thrived as a partnership well before the turn of the current century. But in 1917 Goldman left Sachs. The former, unhappily, was partial to the German view of the Great War. The business continued on its careful way, habitually eschewing innovation, Endlich says. Nevertheless, she reports, the firm pioneered on such practices as the use of price - earnings ratios to value equities. It was, and is, a leader in the arts of block trading and raid defense. Trading for its own account, it holds significant investments in such properties as Ralph Lauren fashions and AMF bowling balls. There are occasional problems. During the insider trading scandals, one partner was jailed. The firm's close ties with the late Robert Maxwell caused difficulties with the SEC and British regulators. Endlich's reports on these matters don't dim her homage to the firm and its vaunted leaders. It is the last great partnership on the Street, and much is made of its ostensibly unique culture. Of special interest: the business is still privately held. Goldman Sachs has toyed with going public several times, most recently in early 1998. A public offering would infuse a solid capital base. It would also produce a groat windfall for longtime partners and, culture be damned, disenfranchise subordinates. The latest plan was aborted when the market abruptly retreated. These schemes, as well as the atmosphere of trading and investment banking, are well described, despite the air of general approbation. The culture has been absorbed by the author. A new, complimentary angle on the ethnology of Wall Street. (Kirkus Reviews)
» Have you read this book? We'd like to know what you think about it - write a review about Goldman Sachs book by Lisa Endlich and you'll earn 50c in Boomerang Bucks loyalty dollars (you must be a member - it's free to sign up!)
Author Biography - Lisa Endlich
Lisa Endlich is a former vice-president and trader at Goldman Sachs.
Bestselling Books: Our Current Bestsellers | Australia's Hottest 1000 Books | Bestselling Fiction | Bestselling Crime Mysteries and Thrillers | Bestselling Non Fiction Books | Bestselling Sport Books | Bestselling Gardening and Handicrafts Books | Bestselling Biographies | Bestselling Food and Drink | Bestselling History | Bestselling Travel Books | Bestselling School Textbooks & Study Guides | Bestselling Children's General Non-Fiction | Bestselling Young Adult Fiction | Bestselling Children's Fiction | Bestselling Picture Books | Top 100 US Bestsellers
Phone: 1300 36 33 32 (9am-2pm Mon-Fri AEST) - International: +61 2 9960 7998 - Online Form
Address: Boomerang Books, 878 Military Road, Mosman Junction, NSW, 2088
© 2003-2016. All Rights Reserved. Eclipse Commerce Pty Ltd - ACN: 122 110 687 - ABN: 49 122 110 687
For every $20 you spend on books, you will receive $1 in Boomerang Bucks loyalty dollars. You can use your Boomerang Bucks as a credit towards a future purchase from Boomerang Books. Note that you must be a Member (free to sign up) and that conditions do apply.