Goldman Sachs is a giant investment group based in the US, and that surely makes you want to dig up the most interesting facts about it. Being involved in various investment fields, this multinational corporation has seen its share of developments and events. Let’s talk about it in 10 steps.
Number Ten: They Once Received A Cool $10 Billion From The US Treasury
This big investor got a fat check in 2008 after the US Treasury decided to give them a check worth $10 billion. Goldman Sachs would later give back the money by giving out loans.
Number Nine: Their 2008 Loss Analysis Was Very Mind-Boggling
In 2008, 27% of the corporation’s hedge funds were lost. The more interesting part happened when it was determined that the related causes of the loss were all similar – all of 25 sigma statistically!
Number Eight: They Did Something Very Generous In Tierra Del Fuego
It happened in 2004 when Goldman Sachs decided to boost the strength of the Wildlife Conservation Society by donating 680,000 acres of land to it. Impressive!
Number Seven: They Have A Special Way Of Making Money
Being a great company, Goldman Sachs has links everywhere and plays a major role in the economy. In fact, even the Federal Reserve is in game with them!
Number Six: They Own The Art Institute Of Technology
Goldman Sachs partly owns this famous institute. You’ll not get a degree there if you have anything less than $40,000.
Number Five: Goldman Sachs “Compiled The Next Eleven”
With conjunction with Jim O’Neil, an economist, Goldman Sachs has come up with a list of 11 countries. It’s said that these countries have potential of developing into large economies.
Number Four: They Have A Janitor CEO
Now you won’t believe this. Imagine a mere janitor working his way up the ladder and eventually becoming a CEO. Well, it happened at Goldman Sachs.
Number Three: The Treasury Secretary Worked For Them Tax-Free
Before becoming the Treasury Secretary, Henry Paulson used to work for Goldman Sachs. The juicier part? He used to sell the company’s shares, and they were tax-free.
Number Two: Their CEO Lived In A Housing Project
There was this good housing project based in East New York. Now, what if I told you that the CEO of Goldman Sachs grew up there? Well, he did.
Number One: Most Interesting: They Had A Beef With Microsoft
They once lodged an interesting complaint with Microsoft. Apparently, MS Word’s auto-correct feature didn’t like Goldman Sachs, as it always corrected it to Goddamn Sachs. Hilarious!
The above are the most interesting facts about this great multinational corporation, and you’re impressed. You might want to stick around for more juicy things.