If you follow the stock market or the business news, you’ve seen two companies dominating the headlines this week: Herbalife and J.C. Penny. And while it might seem that these two companies have nothing in common, they are, in fact, connected by one thing; or more accurately, by one man.
It has been a tumultuous year for big banks, and today is turning out to be no different. JPMorgan and Wells Fargo released their earnings reports today.
The Royal Bank of Scotland has become the latest bank to get hit with a fine for their role in an interest rate rigging scandal. William Cohan, a former employee at JP Morgan, says this sort of rate fixing undermines the public's faith in capitalism.
In the days since former Goldman Sachs vice president Greg Smith resigned with a scalding New York Times Op-Ed, the company's reputation has come under fire on all sides. But how fair has the criticism been? And what can Goldman do to rehabilitate its image?
Vanity Fair business writers, contributing editors Bryan Burrough, William D. Cohan, and Bethany McLean discuss the personal and professional tribulations of Jon Corzine. They spoke to friends and associates of the embattled former Goldman C.E.O. and New Jersey governor to examine the private demons and blind ambition that led Corzine to the MF Global scandal. Their article “Jon Corzine’s Riskiest Business” is in the February issue of Vanity Fair. The paperback release of William Cohan's latest book, Money and Power: How Goldman Sachs Came to Rule the World, is out today.
9/11 had an impact on all of us. Earlier this year the Leonard Lopate Show staff asked a number of our guests to reflect on what the attacks meant to them and the country. Here is what William D. Cohan, an author and former investment banker had to say.
William D. Cohan tells how Goldman Sachs became the most dominant, feared, and controversial investment bank in the world. In Money and Power: How Goldman Sachs Came to Rule the World, Cohan chronicles Goldman's rise and looks at its corporate culture, reputation, and the firm’s cultivation of powerful people. Robert Rubin and Henry Paulson, who both became Secretaries of the Treasury, are two of the powerful people under discussion. Their actions surrounding the financial crisis fueled much controversy and conspiracy theories.