Blood: Major financial firm bankruptcies stem mostly from cultural failures
David Blood · Sustainable Investing 5: David Blood - Pioneering a Generation (Capital Allocators, EP.143) · Jun 22, 2020 · at 9:47
David Blood, co-founder of Generation Investment Management and former CEO of Goldman Sachs Asset Management, reflects on analyzing Wall Street firm cultures throughout his career.
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“Turns out that since I've been in finance now 35 years, there have been, I think, probably 10, 15 major organizations that have gone bankrupt, and they've mostly gone out of business for failures of culture and business principles”
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