Blankfein Flunks Asset Management as Jim Clark Vows No More Goldman Sachs

Bloomberg – On Jan. 2, Jim Clark, a founder of such technology icons as Netscape Communications Corp. and Silicon Graphics Inc., was at home in Palm Beach, Florida, when he got an e-mail from an executive at Goldman Sachs Group Inc.’s private wealth management division.

Goldman was offering Clark a chance to invest in the closely held social-networking company FacebookInc. The deal — through a fund overseen by Goldman Sachs Asset Management — was being offered to other Goldman investors at the same time, Bloomberg Markets magazine reports in its March issue.

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