Author: Margaret Popper

When Greg Smith accused Goldman of not caring about clients, did he hit on something that is not specific to Goldman — a sea change on Wall Street?   Read More

As a result of the financial crisis, Wall Street has taken a beating on reputation, on pay and on layoffs. At the same time, with a series of hot initial public offerings culminating in Facebook’s planned issue, Silicon Valley has developed a new allure.    Read More

Bad news if you work at Goldman Sachs: It’s not going to be a great bonus year. But if you own Goldman Sachs shares, you might think it should have been worse. Goldman raised the percentage of revenue it pays as compensation to employees, a.k.a. the comp ratio, to 42 percent in 2011 from 39 percent in 2010. That’s in a year when revenue fell by 26 percent.    Read More