JPMorgan fallout: Jamie Dimon couldn’t sleep after seeing the CIO positions! He had a hard time breathing! Mr. Dimon drank vodka, others drank wine and the JPMorgan chief executive officer struggled to fire “sister” Ina Drew. Ms. Drew told executives at an April 9 operating committee meeting that early press reports of the London Whale were Read More
Lucas van Praag has been the canny, sharp-tongued, and invincibly shrewd face of Goldman Sachs’ PR department for quite some time. Even when it was recently announced that the press sith was asked to leave the company, his response was as succinct as it was typically witty. Which is why it’s interesting to see—in his waning days at the investment banking superpower—one of the most elusive spokespeople in the world give an ‘accidental’ 37-minute interview as one of his final actions at the gig.
If you haven’t already read it, this week’s New York Magazine profile of “misunderstood creature” and Goldman Sachs CEO Lloyd Blankfein by Jessica Pressler is many things, but most prominently: weirdly fun, especially concerning a revelation about Mr. Blankfein’s pop culture proclivities.
When The Observer profiled Goldman Sachs spokesperson Lucas Van Praag in February, the bank’s communications had been consistently ferocious, prim, dismissive, and gloriously debonair. Mr. van Praag had gone on the record, for example, denouncing criticism of the bank with the phrase “chimera produced by a febrile mind.” So when his responses in today’s Read More
With Goldman Sachs mired in a months-long p.r. spiral–so bad that its outspoken spokesperson took to the Huffington Post to state the company’s case–one former C.E.O., who happens to know a bit about bad press, has a suggestion.
“The best thing to do is kind of what the p.r. consultants said, speak Read More
Last week’s Observer profiled Goldman Sachs spokesman Lucas van Praag, who has an impeccable taste for majestic Victorian taunts. (He’s reacted to stories in the Wall Street Journal and its peers with phrases like “tittle-tattle,” “effluent,” and the iconic “chimera produced by a febrile mind.”) In an era when large portions of the country Read More
Not counting the outright failures of several multibillion-dollar firms, one of the most staggering things about the financial crisis has been Goldman Sachs’ fall from its rarified and sparkling place in the public imagination. It isn’t just that the cooed-over firm has become the iconic scoundrel of an entire era. It’s also how much worse Read More
No longer content to fight against a flood of negative publicity with cutting ripostes, the spokesman for Goldman Sachs, Lucas Van Praag, took to the Huffington Post yesterday to write a detailed response to the Sunday Times‘ front page story about the much-maligned bank, and its call for more Read More