Showing posts with label Michael Sherwood. Show all posts
Showing posts with label Michael Sherwood. Show all posts

Tuesday, 10 November 2009

A parable of our time

It would be churlish to allow the news that Goldman Sachs is busying itself doing "God's work" without marking the announcement with a new SlackBelly series celebrating the bank's legions of disciples as they go about their good deeds.
To begin, here's a picture of Goldman Sachs International co-chief executive, "Fat Mike" Sherwood, putting in another shift for the Almighty at the ping pong table while wearing a tracksuit personalised with his own initials.
Fortuitously, this snap landed in my in-box just in time to be included in this feature - proving that there is a God who we can all work to please. He really does work in mysterious ways.

News of a GS banker? Please email the collection plate at postmaster@slackbelly.com.

Friday, 23 October 2009

Not seeing the Sherwood for the fees

Michael "Woody" Sherwood - vice-chairman of Goldman Sachs group and co-chief exec, Goldman Sachs International - attempts to justify his bank's actions during the financial crisis in an article in The Times today.
“What is common to the investment banks, commercial banks, mortgage banks and insurance companies that failed in the past year is poor management practice,” he muses.
True, but the implication of Woody's line is that those banks that did not fail were somehow spared by good management. Nothing to do with government bail outs, then.