Supplement | HBS Case Collection | December 2009 (Revised June 2010)

Goldman Sachs: A Bank for All Seasons (C)

by Lena G. Goldberg and Tiffany Lynne Obenchain


After posting its first-ever quarterly loss in 2008, Goldman Sachs surpassed market expectations for the first quarter of 2009 but came under intensive fire for, among other things, announcing its intention to repay TARP thereby avoiding its compensation limitations.

Keywords: Financial Crisis; Investment Banking; Corporate Disclosure; Policy; Executive Compensation; Business and Government Relations; Banking Industry;


Goldberg, Lena G., and Tiffany Lynne Obenchain. "Goldman Sachs: A Bank for All Seasons (C)." Harvard Business School Supplement 310-057, December 2009. (Revised June 2010.)