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Posts Tagged ‘Jon Corzine’

Corzine Defends Goldman Sachs, Recommends Speaking Less

Former New Jersey Governor, Senator, and Goldman Sachs CEO Jon Corzine spent a long time on Bloomberg TV yesterday, discussing crises of the day including Toyota’s woes, Goldman’s image, and his own legacy.

When asked by the host about the “most vilified financial brand in history” Corzine elaborated on strategy, image, “ethos” and how you communicate, “there are always issues in how you explain.”

He also gave current CEO Lloyd Blankfein credit in the wake of the controversial “God’s work” comment, “Lloyd has done a much better job than the publicity surrounding him implies.”

“When you make an occasional mistake in public, it’s easy to misphrase something at the wrong time when you thought your toung was in cheek. Those type of things when people are extremely sensitive is extraordinary.”

On what Goldman should do now, “the best thing to do, kind of what the PR consultants said, speak a little less, do a lot to serve your shareholders and your clients…sticking to the knitting of the fundamentals of what your business is about is the way to try to meet those kinds of challenges that come from the public attack on the brand.”

RELATED: Goldman Sachs’ PR Strategy: ‘A Stiffly Extended Middle Finger’

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Spinning Election Night Results

chrischristie.jpg

Communications teams are still spinning results from last night’s elections, in which Republicans won governor’s races in New Jersey and Virgina. Republican Michael Bloomberg was re-elected as New York’s mayor, in a race that was much closer than expected. In a highly publicized special House election in upsate New York, Bill Owens defeated Doug Hoffman, who had drawn support from Sarah Palin and other conservative leaders.

Some media reports say the losses in New Jersey and Virgina are a “setback” for President Barack Obama, especially in New Jersey where Obama campaigned up until the last minute with incumbent Jon Corzine. “Neither race should be viewed as strictly a referendum on Obama. But if there is a danger in overinterpreting off-year elections, it is also a mistake to underinterpret,” wrote Politico’s John F. Harris & Jonathan Martin.

White House Press Secretary Robert Gibbs defended the administration this morning, saying that the losses in VA and NJ, “didn’t involve the President,” and that results showed it was “pretty clear people went to the polls and voted for local issues.” The Washington Post‘s Howard Kurtz thinks we’re all overreacting. “…let’s face it, there’s a huge hype machine out that’s been pumping up the national significance of these off-year results,” he wrote today.

[Image: New Jersey Governor-elect Chris Christie]