Ethics at Goldman Sachs

Doria, John; Musselman, Kristopher Paul

doi:10.2139/ssrn.1656514

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Ethics at Goldman Sachs

15 Pages Posted: 12 Aug 2010

See all articles by John Doria

Kristopher Paul Musselman

Saint Joseph's University

Date Written: August 10, 2010

Abstract

Goldman Sachs continues to defend its title in the media as the most maligned and unscrupulous company throughout this past decade's financial downfall and 'standing ten count.' Two of the largest and most scrutinized transactions during this period were the currency swaps designed to hide Greece's debt and the making of the Abacus deal that blindly fleeced investors of billions. We delve into the fine print of these two particular deals to try and evaluate whether Goldman was inherently immoral and unethical or a merely surfer responding to its environment and going with the flow of the moment.

Keywords: Goldman Sachs, Ethics, Abacus, Greece

Suggested Citation: Suggested Citation

Doria, John and Musselman, Kristopher Paul, Ethics at Goldman Sachs (August 10, 2010). Available at SSRN: https://ssrn.com/abstract=1656514 or http://dx.doi.org/10.2139/ssrn.1656514