Goldman Sachs’ image issues this past year are, according to Charlie Gasparino’s sources, starting to worry senior execs and affect its bottom line, with the latest report that the Treasury Department chose Morgan Stanley (MS) to advise it on unloading its massive stake in Citigroup (C).
FBN: For the past year, executives inside the image-challenged Goldman Sachs (GS) have debated whether the firm’s publicity problems will have an impact on its bottom line. The answer so far has been ‘no’ given the firm’s huge profits last year. Indeed, the big Wall Street firm has held off on plans for a major publicity plan designed to change public opinion. But times might be changing.
Full Gasparino clip:
