All eyes will be on Goldman Sachs today, as CEO Lloyd Blankfein and executive Fabrice Tourre, who was named in the SEC fraud charges currently being faced by the investment bank, appear for a Senate hearing.
Goldman has hired Mark Fabiani [pictured] of Fabiani and Lehane in recent weeks to boost its PR counsel. Fabiani and partner Chris Lehane were known as the “Masters of Disaster” for their crisis P.R. work when they worked for the Clinton White House and campaigns.
PR executives have continuously debated Goldman’s PR strategy. “If we’re talking about Goldman Sachs as a brand, they’re going to be fine. If we’re talking about Lloyd Blankfein, that’s a different story,” Robbie Vorhaus, CEO of Vorhaus Communications told CNBC late yesterday.
Robert Dillenschneider of The Dillenschneider Group said Blankfein “shouldn’t be combative” at the hearings today. More to come…