Published April 27, 2010 at 1:14 PM
"I think the Goldman Sachs (NYSE:GS) story is a perfect example of a huge, huge need of transparency," says Richard Attias, who is best known as the producer of the World Economic Forum for 13 years and who also launched the Clinton Global Initiative. "You can't just say to people, 'Oh sorry, because of the subprime mortgage rate you lost your job.' They don't even know what the subprime is. This is a big opportunity to educate and explain what did and didn't happen," he tells The Deal in this video interview. Attias' current project is The New York Forum, a confab of CEOs, financial leaders and government regulators to be held in June. Watch the video below or download it on iTunes.--Mary Kathleen Flynn
Cleary Gottlieb Steen & Hamilton LLP adds Bernd Langeheine, former deputy director general for mergers of the European Commission's Directorate General for Competition. For other updates launch today's Movers & shakers slideshow.
The fusion between the two competitors reflects an austerity drive by oilfield services providers' clients because of a steep slide in oil prices, which has prompted their suppliers to seek mergers or auction assets. More video