Money and Power
From the outside, Goldman Sachs is a perfect company. Behind closed doors, however, the firm constantly straddles the line between conflict of interest and legitimate deal-making, wields significant influence over all levels of government, and upholds a culture of power struggles and toxic paranoia. Through extensive research and interviews with the inside players, including current CEO Lloyd Blankfein, Money and Power constructs a nuanced, timely portrait of Goldman Sachs, the company that was too big—and too ruthless—to fail.
Praise for Money and Power
“[The] definitive account of the most profitable and influential investment bank of the modern era.”
— The New York Times Book Review
“The best analysis yet of Goldman’s increasingly tangled web of conflicts. The writing is crisp and the research meticulous.”
“[A] revelatory account of the rise and rise of Goldman Sachs. A vast trove of material.”
“Well done and absorbing. Cohan’s grasp of the recent inside politics of the firm is sure and convincing.”
“The frankest, most detailed, most human assessment of the bank to date. Cohan portrays a firm that has grown so large and hungry that it's no longer long-term greedy but short-term vicious. And that’s the wonder—and horror—of Goldman Sachs.”
— BusinessWeek
“Brings the bank’s sometimes ‘schizophrenic’ behavior to vivid life. Cohan evinces an eye for telling images and an ear for deadpan quotations [and] puts his skepticism to good use.”
“[Cohan is] one of our most able financial journalists.”
“Cohan writes with an insider’s knowledge of the workings of Wall Street, a reporter’s investigative instincts and a natural storyteller’s narrative command.”
— The New York Times