Arianna Huffington and Lloyd Blankfein announced Thursday that Goldman Sachs and the Huffington Post will partner for a new initiative aimed at job creation, according to a piece coauthored by the pair in the Huffington Post.
The Huffington Post and Goldman Sachs come at this issue with different perspectives, but a common goal.
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In 2008, Goldman Sachs made a $100 million investment through its 10,000 Women program. This initiative provides women-owned small-to-medium businesses in more than 20 countries with a business and management education, access to mentors, and links to capital. This year, the program will reach its initial goal by serving its 10,000th woman.
This past summer, the Huffington Post broke new ground in the way the media commonly report economic news. Frustrated by the relentless coverage of disaster, tragedy and scandal in traditional media sources, the Huffington Post launched "What is Working," dedicated to covering stories of progress and success, particularly when it comes to creating jobs in the United States, and brought 100 startup entrepreneurs together at both political conventions to showcase all the different ways they're creating jobs.
Today, our two organizations are joining forces. Together we will examine what entrepreneurs are doing to drive growth around the world and apply the lessons we have learned.
The new partnership signals a very fast about-face. The Huffington Post attacked Goldman Sachs two days ago for profiting from a global food crisis. A slideshow, titled "CEOs Who Look Like Villains," accompanied the article. The first slide compared Arianna’s newest partner to Dr. Evil.
The Huffington Post attacked Blankfein earlier this month for receiving a 75 percent raise. The website also alleges that the CEO lied about the firm’s proprietary trading and called Blankfein a "Vampire Squid."
It is unclear if Arianna will order a purge of her website.