Company Motivaton Paper

In: Psychology

Submitted By terri
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Goldman Sachs Motivational Profile
In 1869, a German immigrant Marcus Goldman formed Goldman Sachs & Company. Over the last century, Goldman Sachs has been an innovator in developing the many aspects of the nation’s current financial system. In 1906 Goldman Sachs managed its first IPO. They were gaining the confidence of companies across the country. As with most financial firms, the depression era was tough. With financial confidence at its lowest point, the government created the Securities Exchange Commission. With the new guidelines set forth, Goldman Sacks provided more information with investment recommendations aiding in their slow but upward recovery. Goldman Sachs continued to grow and expand through the years. After World War II, the economy was booming and Goldman found growth by marketing stock in companies like Ford Motor Company and Alcan Aluminum.
Goldman Sachs once again encountered turbulent waters in he 70’s because of Penn Central Railroad. This was a disaster for Goldman Sachs creating lawsuits and credit ratings to drop. Since that time, Goldman Sachs rebounded and expanded to an international market. With this global market, Goldman Sachs became the most profitable company in the world by expanding yet further into Russia and China.
Sachs continued to be successful until the subprime mortgage crisis in 2007. They profited by short selling mortgage related securities. By 2008 Berkshire Hathaway had purchase five billion dollars in Goldman’s preferred stock with warrant to buy an additional five billion in common stock. In addition, 10 billion in Troubled Asset Relief Program (TARP) funds was paid by the U.S. Treasury. Since that time, the company has paid back the 10 billon TARP fund with interest, yet the company is the center of reticule concerning employee compensation and bonuses during these

Corporate Culture and Management…...

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