Market forces at work
It would seem that given the right information markets will take action to correct themselves as Goldman Sachs may be learning. Yesterday a employee of Goldman Sachs left quite publicly listing a whole bunch of problems they had with the current culture and how the firm treated it’s clients and put the needs of the clients secondary to the firms own profits. Today the markets react to the new information deciding the firm is probably worth $2.15 billion less now that they know the firm isn’t looking after it’s customers. Of course it’s quite likely the value will bounce back, … Continue reading
