Goldman Sachs Makes Headlines
Regarding Whistleblower Policies
Goldman Sachs, a leader in the world of investment banking and financial services, found itself in the news this week due to allegations that the company handled whistleblower claims inappropriately back in 2014.
According to the New York Times, in 2014 James Katzman, one of the company’s leaders within their mergers and acquisitions practice, called Goldman’s whistleblower hotline to report ethical issues. In 2015, Katzman left the company and individuals close to him say that it was because the company neglected to address his complaints, and instead pressured him to keep quiet. Goldman Sachs on the other hand, claims that they addressed Katzman’s claims in accordance with their whistleblower policy.
Despite what is true in this situation, the issue at hand is whether companies are following through on their whistleblower promises to their employees. Whistleblower hotlines should serve as a resource for companies to make improvements and become more ethical leaders in their industries. If companies are not making proper use of these tools, then they serve no purpose other than to create doubt within the minds of their employees and their customers.
Click here to read the complete article in the New York Times.