Kocieniewski wins the August Sidney for Exposing the Goldman Sachs' Great Aluminum Shuffle | Hillman Foundation

Clear It With Sidney

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Kocieniewski wins the August Sidney for Exposing the Goldman Sachs' Great Aluminum Shuffle

Why does a chain of Detroit-area warehouses shuffle millions of tons of aluminum in an endless circle while customers wait impatiently? This month’s Sidney Award-winner David Kocieniewski penetrated the veil of secrecy around these Goldman Sachs-owned facilities to reveal that the company is dragging its feet on delivery to collect more rent to store the mental, and driving up aluminum prices in the process. Goldman’s greed has added an estimated $5 billion to the price of aluminum since 2010, which works out to an extra two cents for every pop or beer can sold in the United States. Learn more in The Backstory.