Goldman Sachs
Transcript: A global investment banking, securities and investment management firm. FOUR BUSINESS SEGMENTS Investment Banking. advisory assignments with respect to mergers and acquisitions, divestitures, corporate defense activities, risk management, restructurings and spin-offs. Investing and Lending. Make investments, directly and indirectly through funds that they manage, in debt securities, loans, public and private equity securities, real estate, consolidated investment entities and power generation facilities. Institutional Client Services. Facilitate client transactions and make markets in fixed income, equity, currency and commodity products. Investment Management. Provide investment management services and offer investment products such as mutual funds and private investment funds. To high-net-worth individuals and families. "Public criticism of Goldman Sachs has come to China, where the investment bank has been lambasted in articles in state-controlled media. Parts of the media, apparently emboldened by congressional inquiries and public anger in the west, have openly slated Goldman, arguably the most successful foreign investment bank in China. Many people believe Goldman Sachs, which goes around the Chinese market slurping gold and sucking silver, may have, using all kinds of deals, created even bigger losses for Chinese companies and investors than it did with its fraudulent actions in the U.S. Some officials have even accused the bank of 'playing little tricks carefully designed to gamble with Chinese enterprises'. The media largely criticize Goldman for being too successful in China. Goldman saw a 2007 investment in a small pharmaceuticals export company of less than $5 million rise to nearly $1 billion at the company’s IPO, a gain of 20,000%." - Jamil Anderlini, Financial Times A predator lurks in US, and in China "Investment banks such as Goldman Sachs are the major tools of the United States' financial hegemony. In 2007, Goldman Sachs gained more than half of its pre-tax revenue outside the US for the first time, with China as the fastest growing market. In December 2004, the China Securities Regulatory Commission approved the joint venture of Goldman Sachs Gao Hua Securities Company Ltd, which was set up together by Goldman Sachs and Beijing Gao Hua Securities Company Ltd. Goldman Sachs entered into the Chinese security market right before the start of a bullish market. According to a rule enacted in 2002, the total proportion of foreign shareholding or equity participation in foreign securities companies should be no more than one-third. Goldman Sachs owned 33 percent equity of the joint venture and Gao Hua had 67 percent. However, Gao Hua was set up by Goldman Sachs with a $100 million loan, and Lenovo, an important client of Goldman Sachs. The company is basically a front. The fact is that Goldman Sachs holds almost 100 percent of the joint venture. What is more noticeable is that, it is also the economic adviser for several provincial governments. It has provided consulting and underwriting services many times when the Chinese government issued national debts." - Jiang Yong "Code of Business Conduct and Ethics." guidelines such as: "It is the firm's policy to comply with all applicable laws." "We have a history of succeeding through honest business competition." "Each employee and director should endeavor to deal fairly with the firm's clients." Very last page - "From time to time, the firm may waive certain provisions of this Code." ECONOMIC STIMULUS A healthy economy benefits everyone. We use our understanding of financial markets, along with our capital, to invest in communities and to facilitate economic growth. • 10,000 Small Businesses: Small businesses are the greatest generator of new jobs. That is why 10,000 Small Businesses is committing $500 million to support the job-creation potential of small businesses across the United States, providing greater access to business education, mentors, networks and financial capital. • Municipal Finance: In the United States, we help states and municipalities build schools, repair bridges, improve highways and address other vital public needs by providing access to the capital markets. Since we entered the public finance business in 1951, we have been one of the largest industry participants. Over the past 10 years, we have helped to raise over $250 billion in funding for states and municipalities. As an advisor, market buyer and seller, underwriter and co-investor, we have helped secure funding for: • Public power and utility systems • Infrastructure improvements • Transportation projects • School construction and expansions • Non-profit healthcare and higher education systems • Urban Investment: The Goldman Sachs Urban Investment Group (UIG) deploys the firm's capital to help transform distressed U.S. communities into sustainable and vibrant neighborhoods of choice and opportunity. UIG facilitates affordable housing development, economic
Prezi Present
Prezi Video
Prezi Design
