P. 1
GS 2011 Annual Report

GS 2011 Annual Report

Ratings: (0)|Views: 21 |Likes:
Published by Eric Platt
The 2011 Goldman Sachs Annual Report
The 2011 Goldman Sachs Annual Report

More info:

Categories:Types, Business/Law
Published by: Eric Platt on Apr 12, 2013
Copyright:Attribution Non-commercial

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
download as PDF, TXT or read online from Scribd
See more
See less

04/12/2013

pdf

text

original

 
Goldman Sachs
2011 Annual Report
A key allianceA timely turnaroundA thriving communityA global opportunityWhat does it taketo make things happen?Insight, experience andstrategic advice, whenthey’re needed most.
 
The Goldman Sachs Business Principles
We stress teamwork in everything we do.
While individual creativity is always encouraged,we have ound that team eort oten produces thebest results. We have no room or those who put theirpersonal interests ahead o the interests o the rmand its clients.
The dedication o our people to the frm and theintense eort they give their jobs are greater thanone fnds in most other organizations.
We think that this is an important part o our success.
We consider our size an asset that we try hardto preserve.
We want to be big enough to undertake the largestproject that any o our clients could contemplate, yetsmall enough to maintain the loyalty, the intimacyand the esprit de corps that we all treasure and thatcontribute greatly to our success.
We constantly strive to anticipate the rapidlychanging needs o our clients and to developnew services to meet those needs.
We know that the world o nance will not stand stilland that complacency can lead to extinction.
We regularly receive confdential inormationas part o our normal client relationships.
To breach a condence or to use condentialinormation improperly or carelessly wouldbe unthinkable.
Our business is highly competitive, andwe aggressively seek to expand our clientrelationships.
However, we must always be air competitors andmust never denigrate other rms.
Integrity and honesty are at the hearto our business.
We expect our people to maintain high ethicalstandards in everything they do, both in their workor the rm and in their personal lives.
Our clients’ interests always come frst.
Our experience shows that i we serve our clients well,our own success will ollow.
Our assets are our people, capital and reputation.
I any o these is ever diminished, the last is the mostdicult to restore. We are dedicated to complying ullywith the letter and spirit o the laws, rules and ethicalprinciples that govern us. Our continued successdepends upon unswerving adherence to this standard.
Our goal is to provide superior returns toour shareholders.
Protability is critical to achieving superior returns,building our capital, and attracting and keeping our bestpeople. Signicant employee stock ownership aligns theinterests o our employees and our shareholders.
We take great pride in the proessional qualityo our work.
We have an uncompromising determination to achieveexcellence in everything we undertake. Though wemay be involved in a wide variety and heavy volume oactivity, we would, i it came to a choice, rather be bestthan biggest.
We stress creativity and imagination ineverything we do.
While recognizing that the old way may still be the bestway, we constantly strive to nd a better solution toa client’s problems. We pride ourselves on havingpioneered many o the practices and techniques thathave become standard in the industry.
We make an unusual eort to identiy and recruitthe very best person or every job.
Although our activities are measured in billions o dollars,we select our people one by one. In a service business,we know that without the best people, we cannot be thebest rm.
We oer our people the opportunity to move aheadmore rapidly than is possible at most other places.
Advancement depends on merit and we have yet tond the limits to the responsibility our best people areable to assume. For us to be successul, our men andwomen must refect the diversity o the communitiesand cultures in which we operate. That means wemust attract, retain and motivate people rom manybackgrounds and perspectives. Being diverse is notoptional; it is what we must be.
 
Without raising capital, howcan a promising company expectto uel essential innovation?Without managing risk, how cana business run smoothly, or aninvestor confdently look ahead?The answer is, they can’t.And that’s where we come in.Across the globe, our job is tohelp our clients succeed at criticalmoments. And their success beneftsall o society, not in the abstract,but in the very real world.

You're Reading a Free Preview

Download
scribd
/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->