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Goldman's Shell Game

A report now says senior execs, including Blankfein, played a "pivotal role" in the mortgage unit accused of defrauding investors. The Daily Beast’s Roger Martin reveals how the charges against the financial giant stemmed from a zero-sum culture that produces precisely nothing besides profits—and how to change the rules.

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Lloyd Blankfein (Pablo Martinez Monsivais / AP Photo)
articles/2010/04/18/goldmans-shell-game/martin-goldman_95107_icvuq3

A report now says senior execs, including CEO Lloyd Blankfein, played a "pivotal role" in the mortgage unit accused of defrauding investors. The Daily Beast’s Roger Martin reveals how the charges against the financial giant stemmed from a zero-sum culture that produces precisely nothing besides profits—and how to change the...

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