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How do environmental challenges create growth opportunities, new markets, and innovation? On Wall Street, Goldman Sachs is serving as a leader in structuring transactions in ways that serve broader environmental interests. In this talk, sponsored by the Stanford Center for Social Innovation, two Goldman Sachs managers share how their firm has come to embrace such a position over the past three years.
They detail the genesis of the firm's environmental interests beginning with the creation of a land trust in Tierra del Fuego, Chile, and move on to discuss how Goldman Sachs itself is trying to reduce its own environmental footprint in all of its operations. They also talk about how the investment firm used its financial muscle to require players in the TXU deal to collaborate with environmental organizations such that the new coal plants that emerged out of the transaction were more environmentally friendly.
Gene Sykes is co-chairman of Goldman Sachs' global mergers and acquisitions business and chairman of the TMT Group. He has worked with many of the firm's large global technology, telecommunications, and media clients on strategic merger and acquisition projects. He also sits on the Principal Investment Area's Investment Committee and is actively involved with a number of PIA's portfolio investments. He is a member of the board of trustees of the National Parks Conservation Associate, and is actively involved with The Nature Conservancy, the Harvard College Fund, and the Stanford Graduate School of Business. Sykes received his MBA from Stanford in 1984 and his AB from Harvard in 1980.
Mark R. Tercek is managing director and head of the global health care and consumer/retail departments of Goldman Sachs' investment banking division. He previously headed Goldman Sachs' equity capital markets, corporate finance, and real estate departments. In earlier assignments, he headed the worldwide transportation group, co-headed the firm's corporate finance department in Tokyo, and was one of the senior bankers who led the firm's early investment banking initiatives in Asia. Tercek received his MBA, with distinction, from Harvard Business School in 1984, and his BA degree, with honors, from Williams College in 1979.
This free podcast is from our Stanford Discussions series.
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