SoulCycle, a successful fitness company, is selling shares of stock for the first time and it has asked Goldman Sachs to be its lead advisor.
Goldman Sachs made half a billion dollars from crashing the Greek economy. Lots of other countries, investors and even US taxpayers have also been ripped off. Goldman is famed for making money by selling what one Goldman executive referred to as “shitty deals" to its own clients.
SoulCycle shareholders don't want to be Goldman Sachs' next victim. It's still possible to get Goldman out of this deal, but we have to speak up right now, before SoulCycle's stocks are launched.
Sign the petition to tell SoulCycle to get rid of Goldman Sachs as the underwriter of its initial public offering (IPO).
Goldman Sachs, whose CEO has the nerve to say he is “doing God's work", is a world leader in crisis capitalism, with a long history of making huge profits at the expense of countries and people. It inflates bubbles only to profit when they burst. It sells junk financial products and then bets they will crash.
In 2001 Goldman pushed the Greek government to mask the extent of the country's debts while betting against Greece's debt at the same time. Goldman Sachs earned a sickening $500 million from the deal. Now, the people of Greece are suffering from mass unemployment and homelessness. Their schools and hospitals are crumbling, and suicide and infant mortality rates are skyrocketing.
It was not the first time the banking corporation cheated its clients -- nicknamed “muppets" by Goldman Sachs's bankers. The bank intentionally sold bad mortgages to US municipalities and pensioners", while US investors were misled about a complex mortgage-based financial product known as Abacus. Goldman Sachs “managed to sell" these “monstrosities" to its clients, some of whom were even “widows and orphans" according to its own traders.
SoulCycle customers cannot let SoulCycle's CEO sell SoulCycle's soul to Goldman Sachs. It's up to us to make sure SoulCycle gets the message loud and clear.
Don't let SoulCycle executives sell SoulCycle's soul to Goldman Sachs by leading its first stock offering.
The Great American Bubble Machine, Rolling Stone, 5 April, 2010
SoulCycle IPO Form, The Securities and Exchange Commission, as filed with the SEC on July 30, 2015
Greek debt crisis: Goldman Sachs could be sued for helping hide debts when it joined euro, The Independent, 11 July 2015
Not So 'Fabulous' Fab: Ex-Goldman Sachs Trader Fabrice Tourre Found Liable for Fraud, Time, 1st August, 2013
Lloyd Blankfein Says He Is Doing "God's Work", Business Insider, 9 November, 2015
Why I Am Leaving Goldman Sachs, The New York Times, 14 March, 2015