Goldman Sachs

Did you ever doubt that Goldman Sachs, the New York-based investment bank, was evil? If so, a new essay by Michael Lewis will erase any lingering doubts.

A month after ace programmer Sergey Aleynikov left Goldman Sachs, he was arrested. Exactly what he’d done neither the F.B.I., which interrogated him, nor the jury, which convicted him a year later, seemed to understand. But Goldman had accused him of stealing computer code, and the 41-year-old father of three was sentenced to eight years in federal prison. Investigating Aleynikov’s case, Michael Lewis holds a second trial.

Michael Lewis, “Did Goldman Sachs Overstep in Criminally Charging Its Ex-Programmer?“, Vanity Fair, September 2013.

Reading this gripping essay, it is difficult to remember that the story is truth, not fiction. I would remind you that Goldman Sachs is an excellent example of crony capitalism; the firm has enormous influence in the public sector. Its alumni include Robert Rubin and Henry Paulson (former US Treasury Secretaries), Mario Draghi (European Central Bank president) and Mark Carney (former Bank of Canada president, current Bank of England governor), all of whom moved from executive positions at Goldman Sachs to jobs in the public sector.

American journalist Michael Lewis (born 1960) is a best-selling author of numerous books, including Liar’s Poker: Rising through the Wreckage on Wall Street (W.W. Norton, 1989).

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