GOLDMAN SACHS: POWER AND PERIL will premiere on Wednesday, October 6th at 9pm ET. The documentary will repeat that evening at 10pm ET, 12am ET and 1am ET.
The show will also air on the following dates:
Thursday, October 7th at 8pm ET
Sunday, October 10th at 10pm ET
Goldman Sachs is the most famous name on Wall Street. The firm, started 150 years ago as a one-man operation, is a powerhouse whose 34,000 employees are known as the best and the brightest. Its unique corporate culture and history of success have long been the envy of its competitors...but now Goldman Sachs is fighting to maintain its reputation following a government investigation into its practices. The firm has been accused by some critics of misleading investors, and taken to task for accepting a government bailout when, less than a year later, it was able to reap massive profits. Some ask if its many alumni who went on to influential government positions gave it an unfair advantage in surviving the global financial crisis.
In this CNBC original documentary, correspondent David Faber reveals how Goldman Sachs benefited from some of its most controversial deals before, during and after the economic collapse. He describes how Goldman, throughout its history, has fought back from adversity with innovation and fierce competitiveness. Faber also examines the future of Goldman Sachs, asking whether the bank can maintain its dominant position atop the world of finance.
CNBC is the recognized world leader in business news, providing real-time financial market coverage and business information to more than 340 million homes worldwide, including more than 95 million households in the United States and Canada. The network's Business Day programming (weekdays from 5:00 a.m.-7:00 p.m. ET) is produced at CNBC's headquarters in Englewood Cliffs, N.J., and also includes reports from CNBC news bureaus worldwide. Additionally, CNBC viewers can manage their individual investment portfolios and gain additional in-depth information from on-air reports by accessing http://www.cnbc.com.
Members of the media can receive more information about CNBC and its programming on the NBC Universal Media Village Web site at http://nbcumv.com/cnbc/.