ABSTRACT
The big three trends – declining resources, radical transparency, and increasing expectations – have been quietly reshaping the very landscape of business. No longer is it possible to keep going with the same old mantra of profit at any cost to society. Goldman Sachs discovered this the hard way when its Abacus hedge fund was accused of unfairly profiting from the collapse in the U.S. housing market. 158 When you include its loss in market capitalization, BP’s oil spill disaster in the Gulf of Mexico had cost it over $100 billion before it even capped the well.
