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20 October, 14:22

Discuss why Goldman Sachs was a disciple of Albert Carr's theory of "business is a poker game and we are all bluffing."

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  1. 20 October, 14:27
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    Goldman Sachs is remember for the $550 million settlement with the US Securities and Exchange Commission. The deal was seen to be a winner as the amount was low, an amount that the firm makes in three weeks. Goldman was seen to have acted unethically or offensively. Goldman is thus viewed to be a disciple of Albert Carr's theory of business is a poker game and we are all bluffing. This is because bluffing is expected and legal. Both Carr and Goldman concur with the idea that both poker and business are competitions thus any party can benefit from misrepresentations and make a profit from them. In the end, if a business execute moves that do not break laws, it is a "bluff".
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