My summative

1. BUSINESSES-BANKING-
SUBJECT
GOLDMAN SACHS
DATE NAME
16/1/12 MADDIE
Tuesday, 22 January, 13

2. The System- How it works
(A bank is a financial organization/institution)
Shareholders vote on a board of directors, or
managers of the company. The board of directors
hire the senior employees-the bosses of parts of
the company (not all of them;some get promoted
from lower ranks) The seniors hire and fire the
mid-level and junior employees, come up with
strategies to run the business, and to market the
products they sell(through stocks). The mid-level
employees organize/put the strategies (the seniors
make-up) to action. They also hire the junior
employees, and do day-to-day business. The
juniors actually DO the things that the strategies
include, and do what the mid-levels tell them to.
They are like the followers of Jesus. Every 3
months, the seniors write a report to the board of
directors, to let them know how the company is
doing.
Tuesday, 22 January, 13

3. Of The
T
h
e
Positive Negative
Because the company is divided into many
The juniors don’t really have a say
departments, the responsibilities of the
employees are divided. This means that one i in how the company is made, even
person does not have to do all of the if they have a BETTER idea than
responsibilities (of the company). Because
there are ranks, it means that if the employees
m the seniors (in how the company is
run). They would have to move up/
are having trouble in work, their bosses can
help them/give advice/give feedback, because p get promoted!
they have been in that situation before (if they
moved up in ranks).
a
c
t
Tuesday, 22 January, 13
System

4. Roles

5. and

6. jobs
Goldman has many
parts that make up the
company. Below are some
of the most important.
The company is like blocks; different parts of a
company.
•Department of securities-Buy and sell stocks
•Investment bank-Advice to other companies
(only the clients)
•Asset management-Invest money in other
companies
•Global Investment Research department-
provides fixed paycheck, information for other
companies.
Tuesday, 22 January, 13

7. Rights
~Positive~
Everyone has the right to a contract-basically a legal agreement. A contract is also an
agreement to work, and to not just sit around all day and get payed for nothing. Everyone also
has the right to a fair paycheck, which may be money, or shares/investments in a company
(the shares can not be sold for a period of time). The senior employees have the right to make
decisions for the company, and for the decisions to follow through-for the employees in the
lower ranks to DO what the seniors tell them to do (not do it how THEY think is right.). But, the
middle ranks and junior ranks DO have the right to try and change/recommend something the
seniors mind-they can call in a meeting.
Tuesday, 22 January, 13

8. NEGATIVE RIGHTS
The juniors don’t
really have a say in
how the company is
made, even if they
have a BETTER
idea than the seniors
(in how the company
is run). They would
have to move up/get
promoted!
Tuesday, 22 January, 13