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TODAY is my last day at Goldman Sachs. After almost 12 years at the firm

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Isn't this a form of discrimination towards straight applicants? There are people who turned Hong Lim Park upside down because employers prefer certain race only or certain foreign nationalities only; let's see who is going to Cry father Cry Mother over this new form of discrimination. Is there a need to differentiate sexual orientation? http://mypaper.sg/top-stories/wanted-goldman-sachs-lgbt-employees-20140430 Wanted by Goldman Sachs: LGBT employees SAMANTHA BOH IN WHAT could be a first here, renowned investment bank Goldman Sachs has made a specific recruitment call to lesbian, gay, bisexual and transgender (LGBT) students. Next month, it will hold an LGBT recruitment and networking dinner at its Singapore office, where attendees would be able to "discuss issues and concerns regarding being 'out' in the workplace with participants". An event listing on the company's website also made reference to its support of the Pink Dot event that is to take place in June. Goldman Sachs has been firm on being inclusive, regardless of gender, race or sexual orientation, boasting a list of employee networks such as The Disability Interest Forum, The Goldman Sachs Women's Network and LGBT Network. Human resource experts told My Paper that given the labour crunch, companies should be mindful about closing doors on any specific group of people. Erman Tan, president of the Singapore Human Resources Institute, said: "It is good for employer branding as it shows that they are open and unconventional in their approach. "It can appear very attractive, especially to the younger generation." Such a move would also send a strong signal to the rest of the LGBT community that it is an organisation that does not discriminate against any type of talent, said Linda Teo, country manager of Manpower Staffing Services (Singapore). "As companies strive to be globalised and be competitive in their own industry, it is imperative to have a good diversity of talent for their workplace, regardless of gender, sexuality or race," she said. Companies here are becoming more accepting of LGBT employees, but multinational companies clearly take the lead in this. Many Asian or local firms remain conservative, said experts. Ms Teo said it might just be a case of being "unsure of what to expect or how to manage their interactions with co-workers", which can be resolved with open communication or adjustments in work processes, when necessary. But there are those who choose to just not shine the spotlight on the issue. Ronald Lee, managing director of PrimeStaff Management Services, said companies evaluate any application based on an individual's competencies. "They don't ask personal questions like one's sexual orientation," he said. Mr Tan said: "Some companies have the policy not to talk about it but once you declare it to them, they become unfavourable towards you." Jean Chong, co-founder of lesbian group Sayoni, said: "Singapore is very backward in this aspect, so it is good that major financial institutions are taking the lead. "But the world is changing and, sooner or later, this will no longer be a big deal."

Sorry bros. This piece of news I catch no ball. So the director who took $64million loan facility from Goldman to buy stocks kanna forced-sales coz Goldman deemed him defaulted on his debt which subsequently caused the unusual trading activities of that 3 penny stocks which were subsequently suspended? http://www.singaporelawwatch.org/slw/index.php/headlines/33646-third-penny-stock-case-against-goldman Source Straits Times Date 27 Nov 2013 Author Rachel Scully Third penny stock case against Goldman Blumont director says bank breached duty by force-selling his shares ANOTHER shareholder caught in the trading debacle over the Blumont Group, LionGold Corp and Asiasons Capital penny stocks is suing global bank Goldman Sachs. Mr James Hong claims the bank, which had given him a credit facility of more than $64 million, breached its duty of care when it force-sold his shares in the three firms last month. He is the third person to take legal action against the bank. Ipco International chief executive Quah Su-Ling and LionGold independent director Ng Su Ling, who is also Ipco's company secretary, have both commenced legal proceedings. Recent media reports said Ms Quah had loans in excess of $61 million with Goldman Sachs. Singapore-based Mr Hong, an executive director at Blumont, first bought shares of Asiasons and LionGold in 2007. Last year, he received some Blumont shares in his capacity as the firm's executive director, according to documents filed with Britain's High Court on Monday. Mr Hong had also come to know Mr William Chan, chief executive and chairman of Stamford Management, last year. Mr Chan offered to act as an investment consultant and assist Mr Hong in procuring loan facilities from banks for his investments. He later told Mr Hong that Goldman Sachs would be willing to extend a loan facility to him against his shares in Asiasons and LionGold. Mr Chan also introduced Ms Quah to the bank. Mr Hong opened an account with Goldman Sachs in February this year, pledging his Asiasons shares in exchange for proceeds he could use to buy LionGold stock. The size of his account with Goldman Sachs was estimated at about $12.4 million then. In September, the bank agreed to fund the cost of the 1.75 million Blumont shares Mr Hong would take up as part of its rights issue. However, things took a turn on Oct 2, a day after the Singapore Exchange (SGX) asked Blumont to explain how its market value had jumped more than 12 times to $6.3 billion within nine months. Mr Hong's court papers show that a Goldman Sachs representative e-mailed him a demand notice at 11.48am on Oct 2, stating that he had to repay the $64 million loan in cash by 1.30pm that same day, less than two hours later. Mr Hong then received an e-mail at 1.36pm stating that as he had defaulted on his payments, Goldman Sachs would "exercise its rights to appropriate all or any of his assets it held" to pay off his loan. The next day, Mr Hong told Goldman Sachs that he had obtained an alternative loan facility of $40 million from BHP International Markets in exchange for 27.4 million Asiasons shares. Despite this proposal to pay off his loan, Goldman continued to sell his stakes in the three counters. These transactions carried on through Oct 23, even after the SGX had lifted its designation status on the three stocks. Mr Hong contends that Goldman Sachs had "arbitrarily, capriciously, perversely and irrationally" sold the shares even when their values had fallen by 70 to 90 per cent. The bank continued to sell the shares even after the SGX announced that it was "apparently engaged in an investigation into the trading and price fluctuations" of the three stocks, alleges Mr Hong. He is suing for damages, interest and costs. [email protected] Source: Straits Times © Singapore Press Holdings Ltd. Permission required for reproduction.

Former Goldman Sachs Group Inc. director Rajat Gupta was sentenced to two years in federal prison for leaking corporate secrets about the bank to a hedge fund at the height of the financial crisis. The prison term imposed by U.S. District Judge Jed Rakoff in Manhattan marks a nadir for Mr. Gupta, who became the most prominent figure caught in the push against insider trading by criminal authorities. He was implicated in 2010 in the investigation of former Galleon Group chief Raj Rajaratnam, his friend and business associate. His tip about Berkshire Hathaway Inc.'s impending investment to shore up Goldman during the crisis was "disgusting in its implications" and "a terrible breach of trust," said Judge Rakoff before he handed down the sentence. He added: "Others similarly situated to the defendant must

WSJ Link The copy and paste sh1t doesn't work that well I guess

<h3 class="byline" style="margin: 0px 0px 0.583em; padding: 0px 0px 0px 8px; font-size: 1.2em; font-weight: normal; font-family: helvetica; line-height: 1.3em; color: rgb(102, 102, 102); ">By REED ALBERGOTTI and ELIZABETH RAPPAPORT</h3>After a yearlong investigation, the Justice Department said Thursday that it won't bring charges against Goldman Sachs Group Inc. or any of its employees for financial fraud related to the mortgage crisis. In a statement, the Justice Department said "the burden of proof" couldn't be met to prosecute Goldman criminally based on claims made in an extensive report prepared by a U.S. Senate panel that investigated the financial crisis. "Based on the law and evidence as they exist at this time, there is not a viable basis to bring a criminal prosecution with respect to Goldman Sachs or its employees in regard to the allegations set forth in the report," the statement read. The Justice Department reserved the right to bring charges in the future if new evidence emerges. In a statement Thursday, Goldman said: "We are pleased that this matter is behind us." In April 2011, the U.S. Senate's Permanent Subcommittee on Investigations published a scathing report on the financial crisis, highlighting Goldman as a culprit. Lawmakers accused the firm of breeding a greedy culture and running conflict-ridden businesses, and they said Goldman put its own interest ahead of clients. Sen. Carl Levin, D., Mich., chairman of the Senate's subcommittee, said Goldman executives lied to Congress about the firm's bets against the housing market. The accusation triggered a Justice Department probe of possible perjury. A spokeswoman for Mr. Levin's office didn't respond to a request for comment Thursday. The report concluded that even as securities firms flooded the market with securitized mortgages and advised clients to buy them, firms privately used words like "crap" and "flying pig" to describe the financial instruments. The department's probe was launched when Goldman's reputation already had been battered by civil-fraud charges filed against the New York company by the Securities and Exchange Commission. The SEC accused Goldman of fraud related to a mortgage-bond deal called Abacus 2007-AC1. Goldman was accused of failing to inform investors that hedge-fund firm Paulson & Co. had helped choose underlying securities in the deal and was betting against it. Goldman agreed to pay $550 million to end the SEC's civil-fraud suit. The company said marketing materials for the Abacus deal contained "incomplete information." The announcement comes amid criticism of the Justice Department from some lawmakers for what they contend are disappointing results in efforts to bring criminal cases against firms and individuals for crisis-related wrongdoing. Justice Department officials have defended the agency's track record, and some legal experts have noted the difficulty of targeting specific individuals and firms given the enormity of the financial crisis. In the statement Thursday, the Justice Department said prosecuting financial fraud and "protecting the integrity of our banking system" is and will continue to be the department's "top priority." The criminal investigation was led by the New York field office of the Federal Bureau of Investigation, according to a person familiar with the matter. The probe also included the U.S. Attorney's Office for the Southern District of New York and the Special Inspector General for the Troubled Asset Relief Program. A version of this article appeared August 9, 2012, on page C1 in the U.S. edition of The Wall Street Journal, with the headline: U.S. Not Seeking Goldman Charges.

as noted in congress grilling normal bookies balance out the 2 side of the bets but BIG TIME $ MAKING ONES also take a side and INFLUENCE the outcome GS target price $130 for now and C too $4

I'm doing 'God's work'. Meet Mr Goldman Sachs i like these kind of articles... inside view