I'm totally biased against Goldman to begin with and based on what I read in this article (assuming it is truth) I do think they should be on the hook for dropping the ball here (though I don't think they should be on the hook anywhere near $1 billion, maybe $100-200 million or so).
However, it sounds like this was a clusterfuck across the board, and the founders and their then-CFO aren't totally blameless here.
I agree too. I also realize that the Times article can't possibly delve into every detail. It's quite possible that the incompetence at Goldman Sachs was egregious and that Goldman really should be massively punished. But, like you, the article does not show the Dragon executives in a flattering light either.
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I agree.
I'm totally biased against Goldman to begin with and based on what I read in this article (assuming it is truth) I do think they should be on the hook for dropping the ball here (though I don't think they should be on the hook anywhere near $1 billion, maybe $100-200 million or so).
However, it sounds like this was a clusterfuck across the board, and the founders and their then-CFO aren't totally blameless here.
I agree too. I also realize that the Times article can't possibly delve into every detail. It's quite possible that the incompetence at Goldman Sachs was egregious and that Goldman really should be massively punished. But, like you, the article does not show the Dragon executives in a flattering light either.