The chief executive of Goldman Sachs, Hank Paulson, has told the firm to think carefully about using its own money to finance hostile takeovers after a backlash against its role in a series of UK deals, a source close to the bank said on Tuesday.
Goldman Sachs has always been skilled at handling conflicts between its role as an adviser on M & A; activity for corporate clients and its own investment activities. But Paulson’s intervention suggested he was concerned at the level of criticism about the bank’s actions in the past few weeks.
