Harvard Business Review Press
What Happened to Goldman Sachs?: An Insider's Story of Organizational Drift and Its Unintended Consequences
Key Metrics
- Steven G Mandis
- Harvard Business Review Press
- Hardcover
- 9781422194195
- 9.3 X 6.2 X 1.4 inches
- 1.3 pounds
- Business & Economics > Corporate & Business History - General
- English
Secure TransactionBook Description
In What Happened to Goldman Sachs, Steven G. Mandis uncovers the forces behind what he calls Goldman's organizational drift. Drawing from his firsthand experience; sociological research; analysis of SEC, congressional, and other filings; and a wide array of interviews with former clients, detractors, and current and former partners, Mandis uncovers the pressures that forced Goldman to slowly drift away from the very principles on which its reputation was built.
Mandis evaluates what made Goldman Sachs so successful in the first place, how it responded to pressures to grow, why it moved away from the values and partnership culture that sustained it for so many years, what forces accelerated this drift, and why insiders can't--or won't--recognize this crucial change.
Combining insightful analysis with engaging storytelling, Mandis has written an insider's history that offers invaluable perspectives to business leaders interested in understanding and managing organizational drift in their own firms.
Author Bio
Steven G. Mandis is an adjunct associate professor in finance and economics at Columbia Business School, having previously worked at Goldman Sachs and Citigroup and as a senior advisor to McKinsey & Co. He also teaches at Columbia University’s Masters of Sports Management Program.
He is the author of What Happened to Goldman Sachs: An Insider’s Story of Organizational Drift and its UnintendedConsequences and The Real Madrid Way: How Values Created the Most Successful Sports Team on the Planet (2016).
Mandis spent 12 years at Goldman Sachs, left Goldman in 2004 to co-found a multi-billion dollar asset management firm Kalamata Capital, then served as senior adviser to McKinsey & Company and worked at Citigroup.
After 16 years on Wall Street, Mandis enrolled in Columbia as a student in 2008.
Source: Graduate School of Arts and Sciences Columbia University
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