Goldman Sachs staff shocked over exec caught in – Business News
Days after her title appeared in a tranche of newly launched Jeffrey Epstein emails, Goldman Sachs General Counsel Kathy Ruemmler despatched a company-wide message that some bank workers discovered tone-deaf.
Ruemmler wrote that “what and how you communicate reflects on you and the reputation of the firm” in a Tuesday memo reminding staffers to finish necessary coaching — together with a module on “communications at Goldman Sachs.”
The message was not well-received by workers who’re disturbed that the firm has but to even acknowledge that the highest legal officer had questionable judgment when it got here to advising Epstein.
Days after her title appeared in a tranche of newly launched Jeffrey Epstein emails, Goldman Sachs General Counsel Kathy Ruemmler despatched a company-wide message that some bank workers discovered tone-deaf. NBCU Photo Bank/NBCUniversal through Getty Images
“The fact they’d put her name on this after last week’s emails … it’s beyond offensive,” one insider stated.
Sources additionally stated a handful workers have left Ruemmler’s workforce over the previous couple of months — pissed off over notion that the continuing scandal has seemingly been swept beneath the rug. A September report in the Wall Street Journal claimed she was close to Epstein and as soon as even named the executor of his property.
And a 2023 WSJ story stated that Ruemmler “had dozens of meetings with Epstein in the years after her White House service and before she became a top lawyer at Goldman Sachs … [Epstein] also planned for her to join a 2015 trip to Paris and a 2017 visit to Epstein’s private island in the Caribbean.”
Emails reveal Ruemmler, a former Obama White House legal professional who additionally referred to herself as Epstein’s lawyer in one e-mail, had a pleasant relationship with the disgraced financier.
In July 2016, Epstein wrote to Ruemmler, “pretty black dress. you and ruth ginsburg.” Patrick McMullan through Getty Images
She wrote to Epstein on September 19 2014: “I’ll be here all week… you may get sick of me…”
After Ruemmler messaged Epstein “Most girls do not have to worry about this crap,” he replied: “Girls?,, careful I will renew an old habit.”
Their banter continued for years.
In July 2016, Epstein wrote, “pretty black dress. you and ruth ginsburg.” Ruemmler replied, “I like that dress … narciso Rodriguez. Where did you see that picture? RBG was my date to state dinner.”
Employees are disturbed that Goldman has but to even acknowledge that the highest legal officer had questionable judgment when it got here to advising Epstein. Bloomberg through Getty Images
In a 2016 e-mail, Epstein wrote “do you think Bill Clinton would like to join you me chud and steve? could be very funny, all off the record.” She replied, “While he might like to, his lawyer would advise him against it. :-).”
In a assertion to The Post, Tony Fratto, Goldman’s Global Head of Communications, stated, “These had been non-public emails when Kathy Ruemmler headed the white-collar protection observe at Latham & Watkins, properly earlier than she joined Goldman Sachs. Kathy is an wonderful normal counsel who at all times serves the firm with integrity. We benefit from her steering and judgment daily … there’s no change in attrition in that workplace for any motive.
“As Kathy has repeatedly said, she regrets ever having met Jeffrey Epstein,” Fratto added.
Some Goldman staffers had been fast to notice that others tied to Epstein have publicly had their arms slapped.
A new trove of emails written by Jeffrey Epstein, pictured with Ghislaine Maxwell, had been launched final week. Patrick McMullan through Getty Images
Former US Treasury Secretary Larry Summers — who was revealed to have exchanged emails and textual content messages with Epstein properly after his 2008 guilty plea for intercourse crimes and up till Epstein’s July 2019 arrest on federal youngster intercourse trafficking fees — introduced Monday he’s “stepping back from public commitments,” together with advisory roles, media appearances and talking engagements. However, he does plan to proceed educating at Harvard as an financial professor.
Leon Black, co-founder of Apollo Global Management, stepped down as CEO in 2021 and resigned from the board after paying Jeffrey Epstein $158 million for financial advice and going through associated lawsuits that had been ultimately dismissed or dropped. And Jes Staley, former Barclays CEO, resigned in 2021 amid revelations of his close friendship with Epstein, resulting in a lifetime ban from US finance roles.
