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The Perils of Construction in the US
by Felix Salmon
Jun 05, 2008
Jun 05, 2008
Did Goldman Sachs know this when it started construction on its new headquarters?
According to Department of Labor statistics, more than three construction workers died per day in 2006, the latest available figures.
So far, thankfully, no one has been killed on the Goldman Sachs construction site. But that's not because Goldman is particularly good at construction: the banks chief administrative officer readily admits that the bank is "not expert in the ways of construction". Instead, the best it can do is accept assurances from people who are expert in the ways of construction, such as its contractor, Tishman Construction Corp.
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