Goldman Sachs employees avoid big spending

August 4, 2009 10:32:19 PM PDT
Financial giant Goldman Sachs has told employees to avoid making big-ticket, high-profile purchases.

MOST POPULAR: Video, stories and more
SIGN-UP: Get breaking news sent to you from ABC7

The order comes from CEO Lloyd Blankfien.

The New York Post reports Blankfein might even put off buying a new mansion until the economy improves.

All of this follows some bad press for Goldman. Rolling Stone described the firm as "a giant vampire squid wrapped around the face of humanity" while New York Magazine called it "evil."

Goldman Sachs has faced public criticism for turning a profit just months after receiving government bailout money.

       Today's latest headlines | ABC7 News on your phone
Follow us on Twitter | Fan us on Facebook | Get our free widget


Load Comments