Goldman Sachs employees blocked from Facebook, Dealbreaker - Jonathan Berr

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1 pt	Goldman Sachs employees blocked from Facebook, Dealbreaker
	Aug 22, 2008 03:57 PM UTC

Jonathan Berr

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Via BloggingStocks:

Filed under: Management, Goldman Sachs Group (GS)

Goldman Sachs Group Inc. (NYSE: GS) is cracking down on how its employees can waste their time while they are at work.

According to Dealbreaker, the top investment bank has blocked Facebook and prohibits workers from posting comments on the snarky Web site. The incident is so noteworthy that the gossip blog has a flashing siren graphic above its post on the topic.

"I'm sure the lot of you are going to argue that the vast majority of financial firms have long blocked access to the social networking site, but Goldman's supposed to be above such pedestrian measures," the blog says, adding that Chief Executive Lloyd Blankfein used to not care about such things as "as long as you're kicking ass (by lying about level three assets)."

Fair enough but times are tough on Wall Street. Investment bankers are scrambling to hold onto...

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