Title

Crisis Management at Goldman Sachs: Whistle-Blower or Disgruntled Employee?

Publication Type

Case

Year Completed

9-2012

Abstract

Lloyd C. Blankfein, Chairman and Chief Executive Officer, and Gary D. Cohn, President and Chief Operating Officer of Goldman Sachs, would be ambushed with a resignation letter from one of their own executives published publicly in the Op-Ed pages (p. A27) of the New York Times on March 14, 2012. Blankfein and Cohn would take action immediately and fire off a letter to its 30,000 employees defending Goldman Sachs and everything the firm stood for in response to Smith’s letter.

Keyword(s)

investment banking, crisis management, corporate governance

Discipline

Business | Business Law, Public Responsibility, and Ethics | Finance and Financial Management

Data Source

Published Sources

Industry

Investment Banking

Geographic Coverage

United States of America

Temporal Coverage

1869-2012

Education Level

Executive Education; Postgraduate; Undergraduate

Publisher

Singapore Management University

Case ID

SMU-12-0023

Comments

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