Goldman Sachs Group Inc
Goldman Sachs is an American multinational investment bank and financial services company, headquartered in New York City. The company offers the following services:
- 36.8%: Investment services: involved in the stock, interest, exchange, raw materials, etc.
- 22.5%: Lending to retail and corporate clients; also makes investments in fast growing technology companies;
- 21.5%: Investment banking: consulting for mergers, acquisitions and stock operations.
- 19.2%: Asset management
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Pay Ratio: 163:1.ref
Tax Policy: 
Goldman Sachs has 905 subsidiaries in offshore tax havens, 511 of which are in the Cayman Islands, despite not operating one single legitimate office there. The group officially holds $31.2bn offshore.ref
Goldman Sachs has an extremely low effective tax rate; critics argue that this is achieved by shifting its earnings to subsidiaries in low or no-tax nations, such as the Cayman Islands.ref
Financing Fossil Fuels:[1]
Tar Sands: $100m
Arctic Oil: $273m
Offshore: $3.84bn
Fracking: $1.93bn
LNG Export: $1.20bn
Coal Mining: $72m
Coal Power: $735m
Company
- 20.4%
Goldman Sachs & Co. LLC 
- 7.06% Vanguard Group Inc
- 5.80% SSgA Funds Management Inc
- 5.16% Goldman Sachs Group Shareholders Agreement
- 3.47% Berkshire Hathaway Inc
- 3.32% Dodge & Cox
- 3.09% MFS Investment Management
- 2.23% BlackRock Fund Advisors
- 2.17% Capital Research & Management Company (International)
- 1.98% Eagle Capital Management LLC |
, Mar.2020Structure
- Goldman Sachs Capital Partners, the private equity arm.[1]
- Goldman Sachs Asset Management LP, privately-owned investment manager. Invests in the public equity, fixed income, and alternative investment markets across the globe.[2] Website
Timelines
- Jul.2020:
1Malaysia Development Berhad scandal: after Goldman Sachs partner Timothy Leissner pleaded guilty in Aug.2018 to conspiracy to launder money and to violate the Foreign Corrupt Practices Act, Goldman Sachs reached a settlement with the USA's Department of Justice.[2] 1Malaysia Development Berhad scandal
- May.2012-??: Plastipak Holdings Inc, ref,ref
- Mar.1999-May.2002:
Westminster Health Care (UK) Ltd was formed by Dr Chai Patel as a new vehicle to take Westminster Health Care plc private, backed by Goldman Sachs and US private equity firm Welsh Carson.[3] Westminster Health Care was sold to venture capital firm 3i.[4]
References
- ^ Banking on Climate Change: Fossil Fuel Finance Report 2020. The new Report shows financial support for the Fossil Fuel Industry has increased every year since the Paris Agreement was adopted in Dec.2015. Again, the big USA banks dominate; again, JPMorgan Chase leads the pack, with Wells Fargo, Citigroup, and Bank of America close on their heels. These 4 banks alone are responsible for 30% of all fossil fuel financing out of the 35 major global banks since the Paris Agreement was adopted. Rainforest Action Network, Mar.20.2019.
- ^ Goldman Sachs pays $3.9bn to settle 1MDB corruption scandal. Malaysian finance minister hails return of ‘assets that rightfully belong to the people’. Mark Sweney, The Guardian, Jul.24.2020.
