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Wall Street Wants Rebound, Needs Shakeup: William D. Cohan

About William D Cohan

William D. Cohan is a author of a recently expelled “Money and Power: How Goldman Sachs Came to Rule a World” and a New York Times bestsellers “House of Cards” and “The Last Tycoons.”

More about William D Cohan

One of a many questions plaguing
the occupants of a C-suites on Wall Street these days is
whether a sadness in their investment-banking and trading
businesses is merely a proxy downturn caused by a sluggish
global economy and worse law or either it is
indicative of a broader, some-more systemic change in a industry.

At Goldman Sachs Group Inc. (GS), where fourth-quarter net
income fell 58 percent, a meditative seems to be that the
business slack is temporary. When a cycle turns back
upward, it is assumed, a organisation will be well-positioned to get
more than a satisfactory share of a fees

Article source: http://www.bloomberg.com/news/2012-01-30/wall-street-wants-rebound-needs-shakeup-commentary-by-william-d-cohan.html

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