Daily News: March 15, 2012

Bloomberg: Goldman Roiled by Op-Ed, Loses $2.2B for Shareholders


Bloomberg reported that Goldman Sachs saw $2.15 billion of its market value wiped out after an employee assailed chief executive officer Lloyd C. Blankfein’s management and the firm’s treatment of clients, sparking debate across Wall Street.

Bloomberg said the shares dropped 3.4% in trading yesterday, the third-biggest decline in the 81-company Standard & Poor’s 500 Financials Index, after London-based Greg Smith made the accusations in a New York Times op-ed piece.

To read the full text of the Bloomberg story, click here.