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Journal7 - emphasized the creation of new jobs to...

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Daniel Yoon K21 Professor Reaves Intro to Business 10/21/10 Goldman Pushes Its Image Rehab URL: http://online.wsj.com/article/SB10001424052702304250404575558211045584960.html? mod=WSJ_mgmt_LeftTopNews Goldman Sachs Group Inc. has begun to make strides towards regaining the trust of the public. Goldman Sachs has publicly apologized for their behavior and mismanagement during the financial crisis, as well as paying a 550 million dollar fine. Furthermore Goldman Sachs acknowledges corrupt accounting practices and taking steps to promote regulation within the company to put an end to fraud and unethical bookkeeping. In addition the company has
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Unformatted text preview: emphasized the creation of new jobs to compensate for the major losses during the financial crisis. Their attempts to increase positive Public Relations has also forced Goldman Sachs to hire new executives focused on correcting corrupt business practices as well as strengthen the infrastructure of the company. Overall the top figures of the company are making amends and owning up to their blunders during the financial crisis. This is a positive example of managerial practice....
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