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Ethics and the Development of Reputation Risk at Goldman Sachs 2008–2010

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Abstract

This paper explores the role that allegations of unethical behavior played in the development of reputation risk in the case of Goldman Sachs from 2008 to 2011.

Substantial legal liability or a significant regulatory action against us, or adverse publicity, governmental scrutiny or legal and enforcement proceedings regardless of the ultimate outcome, could have material adverse financial effects or cause significant reputational harm to us, or adversely affect the morale and performance of our employees, which in turn could seriously harm our business and results of operations (Goldman Sachs 2010, p. 38) (1d).

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Notes

  1. 1.

    Page 87.

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Authors and Affiliations

  1. Corporate Social Responsibility and Business Ethics, Universitá della Svizzera italiana, Lugano, Switzerland

    Ford Shanahan & Peter Seele

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  1. Ford Shanahan
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  2. Peter Seele
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Correspondence to Peter Seele .

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Editors and Affiliations

  1. Peter Löscher Chair of Business Eth, Technische Universität München, Munich, Germany

    Christoph Luetge

  2. München, Bayern, Germany

    Nikil Mukerji

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Shanahan, F., Seele, P. (2016). Ethics and the Development of Reputation Risk at Goldman Sachs 2008–2010. In: Luetge, C., Mukerji, N. (eds) Order Ethics: An Ethical Framework for the Social Market Economy . Springer, Cham. https://doi.org/10.1007/978-3-319-33151-5_19

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