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Home › NEWS › Business ›

Nothing but the best for Goldman Sachs

29.04.2010
Fake Goldman Sachs bags and shirts have become popular.

Fake Goldman Sachs bags and shirts have become popular.

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  • financial crisis
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These are difficult times for the investment banking firm that has become the symbol of Wall Street's casino culture. Goldman Sachs is being investigated by the US government for wrongdoing, and there are reports that it made "serious money" by betting against the US mortgage market.

Despite all this negative news, it's not all gloom and doom at Goldman, as the firm is called by insiders. The company has just moved into new headquarters in lower Manhattan that has all the things "masters of the universe", as author Tom Wolfe called investment bankers, feel they need. The $2.1 billion steel-and-glass building at 200 West Street comes with a 5,000-square-metre gym called the GS Wellness Exchange. It is open from 5.45 a.m. to 7.50 p.m, though not everyone is happy with the saunas for men and women. Some people dislike the idea of "steaming" with co-workers, The Wall Street Journal reports.

Although Goldman is being criticized for its lack of ethics, the company is being praised for its energy policy. The basement of its new headquarters contains 92 storage tanks that hold 800,000 kilograms of ice made each night when electricity rates are lower than during daytime hours. Air cooled by the melting ice then circulates throughout the building during the day.

Hypothekenmarkt
Untergangsstimmung
Milliarde(n)
Sport-, Fitness-Zentrum
Moral
(US) Keller
Speichertanks
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