A week after Goldman Sachs cut a bloody swath through its offices, laying off 3,000, it is rife with rumors that it will be moving first year investment bankers to back-office operations such as credit, treasury, compliance and control. Normally, back-officing investment bankers is a sure way to guarantee defections. But in this market, where are they going to go?
If this comes about, Goldman will have the smartest back office on the Street.
(No attempt was made to confirm this story with Goldman Sachs. They'd just try to sweet talk us out of printing it, and we're already sweet enough.)
Keep us posted on developments. Text so you don't have to use email: 646-526-3327.
[shakes head.]
let me see if i can help:
1. did it on purpose.
2. goldman management has zero fucking clue what their company is worth right now because the bosses have too much hubris too ever say "i don't understand".
tick tick tick...
i'll go with #2., bob!!
Now we find out they gave them all away to pretentious ivy leaguers who didn't even want the jobs in the first place?
How long are we going to be told that some princeton kid is better than we are?
The funny thing is, Goldman always asks people during interviews "why do you want to work in Operations?" because they don't want us peasants dare want to work in the front office, but how many of these clowns even bother to think about operations when they were majoring in Pottery during their days at Yale?
haha... yea right
About time!!!
Send these parasites off to do some real productive work instead!!!
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