"Bully Market" By Jamie Fiore Higgins - Off the Hook Now Could Be Those Vilified in "Caesars Palace Coup"
There is a theory that only one entity can occupy space at one time. Around the same time in history both Princess Diana and Mother Teresa died. Only one sucked up all the media oxygen.
So, it’s probable that the latest expose on Wall Street
“Bully Market” will push off the radar those players depicted negatively in that
March 2021 expose “The Caesars Palace Coup.” There are signs that is already
happening.
The publicity machine for “Bully,” authored by former
managing director at Goldman Sachs Jamie Fiore Higgins, started up months
before its publishing date yesterday. Presales were brisk. Today, on Amazon “Bully”
ranks at 1,498. Also, today Higgins was a guest on “Today.” Here is the video,
including Goldman Sachs’ statement denying any bias against women and more.
Simultaneously as attention for “Bully” escalated,
“Caesars,” which had long ranked on Amazon in the three and four figures, then
in the teens, began losing its traction. Recently it was in the 80,000s. Right
now it’s at 69,381. It’s not likely that its two authors Sujeet Indap and Max
Frumes will be invited currently for interviews in top tier media. That means
that Wall Street institutions ranging from Apollo to Oaktree Capital and Big
Law firms such as Kirkland & Ellis and Paul Weiss can exhale.
They had all taken it on the chin when “Caesars” first came
out. Influential media such as Vanity Fair, The Wall Street Journal, Fortune,
and Insider ran with the story.
Timing is also everything. And for some of those players it
was among the worst of times. The Apollo brand was already being tarnished by
its chief executive officer Leon
Black’s business relationship with Jeffrey Epstein. As Bloomberg
Law confirmed, Kirkland & Ellis had been saddled with the reputation as
not the law firm you want to work at, no matter the compensation. Paul Weiss had
the burden of Black as a client. (Black
is no longer a client.)
Now Goldman Sachs is taking the heat. Again, timing is
everything. In terms of reputation management, it’s not a good time for that
gigantic financial firm.
The massive gender bias lawsuit – “Chen-Oster, et al. v
Goldman Sachs” – will be going to trial in June 2023. In terms of the big show
that could be the next “US v Elizabeth Holmes.”
Recently, workers abruptly walked out and took jobs with
tech companies. Yeah, Goldman Sachs is a sweatshop that doesn’t even pay well
in terms of bonuses.
Another threat to its branding are its policies about RTO.
That kind of mindset sets it up for being depicted as operated by out-of-touch
old white men.
But Higgins the author could also feel some heat. Maybe a
lot. Like Elizabeth Holmes, she could be positioned and packaged as hurting the
careers of women. Men doing the hiring and promoting could fear “Another
Higgins.” Will that highly professional competent female wind up a
whistle-blower, they could be wondering? Also, they could anticipate that other
females could be pains in the asses in the office like Higgins had been. She
admits she imposed her conventional morality about sexual relationships on a
co-worker. He was quite annoyed.
Both Goldman Sachs and Higgins herself have plenty to be
concerned about “Bully” finding its way into a documentary. There is no
predicting how each will be presented.
In my intuitive coaching, many clients still hunger for the
money, power, and prestige of those jobs on Wall Street and Big Law. Books like
“Caesars” and “Bully” haven’t deterred them from chasing after all that. That
is the version of the American Dream in terms of professional success.
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