Dina Powell at Goldman Sachs
Dina Powell is going to save the world? The evil geniuses at Goldman Sachs are planning to thwart their image as soulless greed hounds and are doing so with the assistance of Dina Habib Powell. She will head up their effort in addition to her role as a managing partner.
Their initiative actually sounds good if it is for real. They will invest in 10,000 small businesses with grants and loans totalling $300,000,000 and some GS employees will be involved in a mentoring program. (Just don’t teach the the dark side, ok?) The program is an obvious effort to make up for the news of GS profiting like gang busters in the midst of this recession, (nothing wrong with profits just greediness) and holding up $16.7 billion to compensate employees which is up $4.3 billion from 2008. It is good to be GS!
Powell when confronted with a question if the firm is trying to bolster its image replied, “We’ve been working on these kinds of initiatives that use our resources and our people and our convening power to make a serious impact.” Oh yes they always make a serious impact. I wonder how many ex-Goldman Sachs employees are in the Obama administration?
Lloyd Bankfein CEO Goldman Sachs. Looks like a guy who would lend you the shirt off his back at 1000% interest!
