Skip to content

Heck or high water

July 29, 2010

Goldman Sachs is banning the use of swear words in electronic communications.  As reported today by the Wall Street Journal:  “There will never be another s— deal at Goldman Sachs Group Inc.”

GS employees remain confused as to which parts of their vocabulary are now officially taboo, though it seems that firm-wide email screening tools will soon be implemented to take the guesswork out of it.  And there are, of course, gray areas, with some “wondering if the rule also applies to shorthand for expletives such as ‘WTF’ or legitimate terms that sound similar to curses.”

And what about in the company’s disclosure documents?  A cursory search for cursing on our SEC Filings page suggests Goldman Sachs disclosure language is already pretty squeaky clean. About the worst it gets is “hell,” appearing in reference to a “hell and high water clause” in registration statements (and not even by Goldman Sachs proper, but by Goldman Sachs Asset Backed Securities Corp). Would the new rule require this to be rendered as “h— and high water”? If so, one might justifiably wonder, “WTF?”

No comments yet

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: