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Breakingviews: Big shoes to fill at Goldman

Wednesday, September 19, 2012 - 04:18

Sept. 19 - Outgoing CFO David Viniar was a steady hand and steered the company through tough times, his retirement in Jan 2013 means successor David Schwartz has some big shoes to fill say Breakingviews.

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Pictures of difficult negotiations on today's topics from Reuters is breaking news Goldman Sachs outgoing CFO David video. Is a tough act to follow they say. I'm very Cassius striking miners might not be beyond its with -- is that Chris here's. Mr. try to -- standard deviation -- I mean that sums up these are Warren some freezes and yet he occasionally came up with. -- he has a lot of prices experience and he has made some very hard but right schools have the right time. -- -- -- think parents of the crisis I mean those those conference schools this quarterly earnings schools. The golden states where David -- You know it took the money can have two since the calm the markets is and arguably. You know he succeeded in very difficult times and yet he came -- with interest rates this I mean he's what is that. With seeing 25 standard deviation events in -- Three days and -- whatever course. Meant that it does make it -- -- about it do you really understand the risks that you're getting over what happened actually that. Given that the CF Motorola's investment bank has often that's the pretty tough woman and and the pulp from that. We. Kind of pats -- the you know the exit. Actually he he's treated tremendously well sentencing is very difficult Houston. -- -- Phillips at its own Schwartz center Tom -- comes from. The -- side at Christmas if he steps on the Coleman. Yeah bristled when you're should be look at the career -- CF it's -- it's. The normal way is sometimes they come from equities. I mean you know they haven't always been in this instance I'm always having been been been sold to finance brains if you -- right. But it's I mean you know -- obviously we'll have the support to Davidson can fool would. -- in his case that the you know he showed well let's let that isn't looking over his -- or is that that's in providing a little bit of -- and the influence in the park around from for me the last. Love men this 20%. Pay deal is that the us early this morning. Tom is set some very very dangerous precedent this this deal to -- that it's also up by the unions it's sorted out. But the strike by the Iowa -- Strikers. It doesn't doesn't set a great person for the rest the insert -- did I spoke with we've found that Poland and gold fields yesterday and about this very issue. Was trick is that because of -- let's start with the positive I mean it does actually sold a media problem and that's. Hopefully over the coming days that are actually gets. Strike conspire to war couldn't get that mean the production. Can can can really get going again. Now the difficulties with is. It's. Is -- Substantial. Payroll is that the problems offering or not it's going to put. More pressure again on home auctions say. Economically. It's it's challenging this business -- over the long putts. And fed them might do worry too of course that's. -- so if it's perceived as. Is as caving in this kind of encourage more strikes but the real problem is that necessary that the the the of these economic long term legacy that this is very it is is could be very tricky say -- say -- you -- sort of unity of dual. You getting this immediate benefit to some calm the situation but. This creates and perhaps a more difficult long term problem for the content performance in South Africa. Here's what is actually reached out but there's stores of course now on the breaking news sites. For more our financial inside what's our US breaking news show every day 12:30 eastern 1730 PST. How -- of problems is Alex's.

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Breakingviews: Big shoes to fill at Goldman

Wednesday, September 19, 2012 - 04:18