Did you ever wonder about people who work for Goldman Sachs and how they learn to channel their knowledge and information into anything that doesn't require them to show empathy nor requires them to ever question what they do or to speculate about how what they do for a living affects others? Do they ever display ethical considerations in their pronouncements?
A case in point includes two articles about Jim O'Neill, the President of Goldman Sachs and an economist who is about to retire. He is an unaware guy who has lost "touch with reality" and doesn't know it.
'I wouldn't do that, George'; Goldman Sachs banker Jim O'Neill dismisses the Coalition's austerity cuts
By Simon Watkins -This is Money.co.uk
. . . .
O’Neill believes it is crucial
bankers don’t lose touch with reality. He says: ‘I’d get all the
research people who worked for me in a conference and say, ‘‘Wherever
you’re going home to tonight, instead of going in a cab get on the Tube
and hang out with normal people.’’ We have to have more people who
connect with society so we can understand the consequences of our
actions.’
O’Neill claims
to be able to get on with people from all backgrounds, a knack he
attributes to his upbringing in Manchester. ‘The street where I lived in
was literally divided down the middle,’ he says. ‘One side was in
Cheshire and the other was Manchester.
Read the whole article
here
. . . . . . . . . . . .
'Grillo' top problem for EU, says Goldman Sachs President
. . . .
Rome, March 29 - The biggest problem currently
facing the European Union (EU) is not the struggling economy of
Cyprus but the "Grillo factor" in Italy, Jim O'Neill, president
of Goldman Sachs Asset Management, told Bloomberg TV on Friday.
"I don't understand how some of the these tough guys in the
north are not thinking about that issue," said O'Neill in
reference to the political ascent of the anti-establishment
5-Star Movement (M5S) led by Genoa comic Beppe Grillo, which
took over 25% of the popular vote in recent general elections.
"Italy is the third largest country in the eurozone and if
they don't start to have some growth sometime soon, these guys
are going to ask questions more seriously about the benefits of
staying in the euro...," he continued.
"What is the EU doing to deal with that? The EU seems to
get its decisions made for it by powerful voices in certain
countries particularly Germany," concluded O'Neill.
On Friday, President of the Republic Giorgio Napolitano
began a new round of talks with political parties after
centre-left leader Pier Luigi Bersani announced that he had been
unable to garner sufficient support to form a new government to
replace the technocrat executive led by Mario Monti.
His failure was partly due to opposition from the M5S, which
now holds the balance of power in a hung parliament.
Monti was brought in to replace ex premier Silvio Berlusconi
in November 2011 at the height of the sovereign debt crisis in
the eurozone but his government has done little to kickstart the
struggling economy.
0 COMMENTS:
Post a Comment