GoldmanSachs.com is Goldman Sachs investment
Goldman Sachs
Goldman Sachs, founded in 1869, is one of the largest and most renowned investment banks in the world. Its headquarters are in Lower Manhattan in New York, and it has offices in all the leading financial centers of the world - New York City, Chicago, Los Angeles, San Francisco, London, Frankfurt, Zurich, Paris, Moscow, Milan, Sao Paulo, Bangalore, Mumbai, Dubai, Hong Kong, Beijing, Singapore, Tokyo, Salt Lake City, Melbourne, and Toronto.
The company was founded by Marcus Goldman in the year 1869. It soon became well known as a pioneer, introducing commercial paper for the use of entrepreneurs. It joined the New York Stock Exchange in 1896. At this time, Samuel Sachs, Goldman’s son in law, joined the company, and its name was changed to its present form.
Services
Goldman Sachs is financial adviser to leading world’s most powerful companies, biggest governments and richest families. Among the services Goldman Sachs offers to its clients are underwriting services, proprietary trading, mergers and acquisitions advisory, investment in private equity deals, and it manages the wealth of rich families and individuals. It is a primary dealer in the US Treasury securities market.
Goldman Sachs had 26,500 employees on its payroll in 2006. Its earnings were US $9.54 billion and its reported total compensation per employee was $ 622,000, on average. Its rank in annual net income is #1 among its peers. Lloyd C Blankfien is its current CEO.
Activities
Goldman Sachs’s business can be divided into three core business segments: investment banking; trading, asset management and securities services.
Goldman Sach’s investment banking has two divisions - Financial Advisory (investitures, mergers and acquisitions, restructuring and corporate defense activities); and Underwriting (private placements and public offerings of equity, debt instruments).
Acquisitions and Merger
In the field of acquisitions and mergers, it became famous for advising its clients on ways to avoid hostile takeovers. In the 1980s, Goldman Sachs was the sole investment bank of its stature which had a well defined policy against helping companies makes hostile takeovers, and this increased their reputation greatly. This segment makes up about 15% of the Company’s revenues.
Goldman Sach’s largest segment and its profit center is Trading and Principal Investments. This segment is further divided into Fixed Income, Currency & Commodities, Equities and Principal Investments (funds and merchant banking investments).
Trading done by Goldman Sachs is not speculative; rather, it attempts to profit from the bid-ask scene during the process of its role as market maker. It derives about 65% of its profits and revenues from this segment.
As Goldman Sachs gains market share, Asset Management and Securities Services is a fast growing area of business. This is further separated into two divisions: Asset Management, which provides very affluent individuals and large institutions with investment advisory, management of mutual funds, financial planning services, and what are known as alternative investments - real estate funds, hedge funds, private equity funds.
Geographical Network
The Goldman Sachs company culture emphasizes strong commitment to clients, teamwork, integrity, professional excellence and entrepreneurial spirit.
A truly global company, Goldman Sachs has offices in more than twenty three countries and forty cities worldwide. Their workforce represents one hundred and fifty nationalities, speaking eighty four different languages. They take their responsibility to the communities where they work seriously, and are involved in financial support, volunteer initiatives, and partnership with nonprofit organizations.
Social Responsibility
Goldman Sachs is involved in various charitable, social, and ecological issues and they have been one of the most aggressive companies on Wall Street to take action on climate change. They have an Environmental Policy framework established since 2005. They have a large number of mentorship programs, with several of them reaching out to minority communities. The Goldman Sachs Foundation, endowed with $200 million in 1999, encourages academic performance and innovation among young people in schools all over the world, and serves their educational needs.
Goldman Sachs has figured in Fortune Magazine’s 100 Best Companies to Work For list since its inception in 1998.
Languages
English
Additional Information
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External Links
- Stock: GS
- Alexa: GoldmanSachs.com
- WHOIS for GoldmanSachs.com
