What Happened to Goldman Sachs: An Insider's Story of Organizational Drift and Its Unintended Consequences

This is the story of the slow evolution of Goldman Sachsaddressing why and how the firm changed from an ethical standard to a legal one as it grew to be a leading global corporationIn What Happened to Goldman Sachs Steven G Mandis uncovers the forces behind what he calls Goldmans organizational drift Drawing from his firsthand experience sociological research analysis of SEC congressional and other filings and a wide array of interviews with former clients detractors and current and former partners Mandis uncovers the pressures that forced Goldman to slowly drift away from the very principles on which its reputation was builtMandis evaluates what made Goldman Sachs so successful in the first place how it responded to pressures to grow why it moved away from the values and partnership culture that sustained it for so many years what forces accelerated this drift and why insiders cantor wontrecognize this crucial changeCombining insightful analysis with engaging storytelling Mandis has written an insiders history that offers invaluable perspectives to business leaders interested in understanding and managing organizational drift in their own firms.