Here's some thoughts for the rest of us from the New York Times (11-21) pertaining to Goldman Sachs and its intention to establish a Philanthropy Fund. P.S. I am truly grateful for G.S.' largess. If there was a more universal commitment to even out the wealth in America, America would not be so poor.
From the chair and chief exec at G.S.: "We know we make a lot of money, and we know that we live in this world and we have a responsibility to give something back."
From a security analyst: "At the two firms I worked at, it was not career-enhancing to not do your bit for society. There was a noblesse oblige, a sense that you would be generous with your contributions."
From G.S., "We have, as a part of who we are, a very long history of charitable giving. Think about the people who leave Goldman and go into public service. They don't become like that -- they were like that when we recruited them and we retained them."
From a security analyst: "It is better to be charitable than not to be charitable, particularly if you are going to blow the socks off your competition."
From G.S. "It is in the long-term interest of this firm to do good things and not just dress up as if we are doing it. And we are really doing it."
Thanks Readers!! The number of folks reading this blog has grown steadily. Unfortunetly, this blog host is not able to handle the traffic and I have moved my blog.