Lloyd Blankfein
Hands up everyone who never sent an email which, if made public, would cause themselves and their employer massive embarrassment.
The particularly modern form of humiliation has the added bonus of many of them being recorded electronically, putting them beyond dispute. It’s not someone’s recollection of events - it’s Microsoft’s.
Investment banking firm Goldman Sachs is the latest to cop it, with emails from executives talking about “shitty” products they were selling with one hand and betting against with the other. The most sensational are the emails from Fabrice “Fabulous Fab” Tourre to his girlfriend referring to “Frankenstein” products invented via “intellectual masturbation” being sold to widows and orphans. Not much room here for the traditional defence of being taken out of context.
Continue reading "A few stupid emails do not an industry conspiracy make" »
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