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08 Jan 2011 13:02

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Biz: Does Goldman Sachs’ Facebook deal hurt their image rehab?

  • The committee was undertaken in the hope and the commitment to do some things that were going to help restore and improve trust … [Instead] people are going to look at it and say do those standards seem credible in light of the Facebook deal?
  • Boston University School of Management professor James Post • Suggesting that the recent Facebook deal that Goldman Sachs put together may be questionable in the light of Goldman’s recent ethics troubles. The company even put together a business standards committee to help prevent future kerfluffles. They have a report that’s coming out next week. But instead of the story being the ethics report and the image rehab work that Goldman is doing, it’s Facebook. Somebody somewhere screwed up. source

03 Jan 2011 10:31

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Biz, Tech: Goldman Sachs investment: Facebook worth more than God

  • $450
    million
    the amount that Goldman Sachs just invested in the massive film-worthy social network
  • $50
    billion
    the valuation of Mark Zuckerberg’s baby, based largely on Goldman’s huge investment source