Background
Steven Mandis was born in Chicago, Illinois.
Steven Mandis was born in Chicago, Illinois.
He received an Bachelor of Arts from The University of Chicago, and a Master of Arts, The Master of Philosophy and Doctor of Philosophy in Sociology from Columbia University, where he was also an honorary Paul F. Lazarsfeld Fellow.
Mandis is the author of What Happened to Goldman Sachs: An Insider’s Story of Organizational Drift and its Unintended Consequences. Mandis was a senior advisor to McKinsey & Company, where during the financial crisis, he advised McKinsey on strategic, business process, risk and organizational issues facing financial institutions and related regulatory authorities. Mandis also worked at Goldman Sachs, where he helped build the Special Situations Proprietary Trading Group (SSG) within the Fixed Income, Commodities and Currencies Division.
Which became one of the largest proprietary trading groups on Wall Street.
While in the M&A Department of Goldman Sachs, he also worked on the $72 billion merger of the American Telephone & Telegraph Company Broadband Business with Comcast, the sale of privately held Larson-Juhl to Warren Buffett"s Berkshire Hathaway and the corporate raid defense of VISX versus Carl Icahn. While Mandis was assisting and reporting to Henry M. Paulson Junior., Paulson was promoted from Company-Head of the Investment Banking Division to President and Chief Operating Officer of Goldman Sachs.
Mandis left Goldman to co-found an alternative asset management company which, he helped grow to multi-billion dollars of assets under management. Mandis has developed lectures and courses for underprivileged high school students in Harlem, New York on the subject financial responsibility.
He received a "shout out" from Tony Kornheiser on Entertainment and Sports Programming Network"s Pardon the Interruption (PTI) television show on December 10, 2013 for mentioning Tony in his book