Supposedly a gaggle of Goldmans will be shown the door next week, though it’s unclear if the reduction in headcount is part of the cuts that were mentioned for January back in December, or just Blankfein flying by the seat of his pants. An additional round is also rumored to be in the works for April.
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- Use the Bloomberg command
NH BLG_DEALBREAKER <GO>
to access Dealbreaker
Couldn’t have happened to nicer people.
WIDECLOPS offered the big 3-2 gaurantee at GS
Is it more prestigious being an unemployed ex Goldman banker compared to an unemployed ex BAC banker? I think the former think so as ones I know who were let go in 2001 still can hardly get through a conversation without dropping “when I was at Goldman.”
think we are in 2009 now no?
@3, agreed. Arrogant pricks.
@3 of course it’s more prestigious, and rightly so. More actual deal experience, etc, etc, etc. Although I’m not sure it excuses the rampant “G-Attitudes”. I actually don’t know many bankers I like at Goldman – a few traders, yes, but not many bankers. Reminds me of the thinly disguised pseudo humility of those that constantly say, “When I was at school in ‘Boston’.”
@3, I know a guy who worked at Goldman 30 years ago and he still brings it up with a far off look of homoerotic arrogance every time I speak with him.
Still, people who were laid off at GS throw away the resumes of people who were laid off at BAC. And I can sympathize as a former bulge bracket banker…
Welcome to the end times.
@3 and 7 — LMAO – we had a guy at a law firm years back who started every third sentence with “When I was at Salomon…” someone dug around and found out the prick was a SUMMER INTERN there during undergrad. So f##kin pwn3d
got a bubble going in mentions of ‘wideclops’
enough please
@6
“of course it’s more prestigious, and rightly so”
When Blankfein cums do you take it straight in the mouth or do you lick it up off the floor?
I hear they were all into “That Goldman Thing”
what yale thing?
When I was at Goldman, I only ate at bulls and bears. oh and When i was at Goldman i never associated with any other “Ib guy at inferior firms” and @10 when i was at goldman the our team would lick it off the floor.
btw @10 where did you say you worked again? Oh not at goldman? thats what i thought
-the ex goldman banker
I find Goldman traders to be more cantankerous then arrogant
does HTML work in these comments?
You guys obviously don’t understand / respect the Goldman Culture.
Peasants.
Any of the GS people here went to Duke Fuqua b-school?
im setting up a club for unemployed bankers that got duked.
It always cracks me up how college kids lust over the vault prestige rankings
@10 – $6 here, I take it and inject it into your mom so she can have a son that is worth something to this world -
@13 Ugh, that was just terrible. I respect smart trolls but people like you are absolute scum because you suck even at trolling.
If everyone at Goldman is sooooo smart why in the world was sweet Lloyd begging C to merge with GS?
When I was at Goldman, I rode the freight elevator, had messaging sign the package, and found a nickel in 85′s garage, before hopping back onto my bike. No one looked me in the eye.
Goldman isnt Goldman anymore, you are just another run of the mill former IB that has Uncle Sams prints all over it now. Obviously people like #16 are going to have problems with that notion. Humble pie anyone??
The bottom line is that none of the IBs would have been in this mess if they were still partnerships and not publically traded companies. No FREAKING way GS, MS, LEH, BSC lever up and take this kind of risk with partnership capital. The fact that Cantor Fitzgerald was a partnership was probably the only reason it didnt fall into the abyss after 9/11
Reg Wideclops:
The references are tiresome, but not as annoying as the, “Too (fill in the blank), did not read.”
@3 is it better to be a former GS laid off or a current BAC?
#10 here
I’m a floor cleanliness technician with Wal-Mart actually
@13 You don’t seem to fully grasp the intricacies of english grammar. Obviously GS recruiting standards are not what they once were.
@6 and 19
Resorting to Mom jokes is the mark of both a poet and a gentleman. I take my hat off to your superior insulting skills
When I worked at Bear Stearns, we used to party on the 8th floor bathroom with Larry Craig.
Goldman may once have somewhere to have been proud to have come from. Not so much anymore.
http://epicureandealmaker.blogspot.com/2009/01/dirt-bag-chronicles.html
@26 – newsflash – “current BAC” scarcely exists anymore (unless you include former MER).
Goldman may once have been somewhere to have been proud to have come from. Not so much anymore.
http://epicureandealmaker.blogspot.com/2009/01/dirt-bag-chronicles.html
No, wideclops is more annoying. It was lame when it first appeared and gets more annoying each time.
“It always cracks me up how college kids lust over the vault prestige rankings.” Indeed.
I’m convinced that these and leveragedsellout forums are filled with college fratboy wannabes that spend their days coming up with douchey responses on how they imagine their future IB career to pan out.
I’ve worked at Goldman and still know plenty of people that do and I’ve never come across the level of douchebaggery that’s present in these forums. Seriously, next time you decide to post some absurd comment, just come clean and say that you’re a alfa-delta-whatever sophmore at some school and have no work experience.
~tickedoffbydbags
is this question for real? of course it is better to be ex GS than ex BAC. Rather than diss Goldman for unfounded reasons, give me one reason why you would rather be former BAC? I can’t think of any except maybe free checking.
FUck Bess this is shitty news – please help us o’loyal readers on this Friday put out some funny shit to balance this fucked up shit all news.
Even if you believe that “Masters of the Universe” reputation (I obviously don’t) that Goldman used to hold you still have to wonder why the ex Goldman bankers have so much attitude. Ex means that you couldn’t make it – you failed. Is being kicked out of Yale really better being asked to leave from UNC? I don’t think so.
@27- @13 here. GS recruiting aint what it used to be. Gotta love affirmative action.
@8–People like that usually call it “Solly” and then you find out they were there after Mozer blew up the place (post-Ranieri, post-Maughn, etc.).
I don’t know whether @37 is a racist or he’s pointing out the obvious.
If you’re laid off BAC, you gotta specify that you were there “when it was Montgomery”.
Monty was the balls, back in the day. Anyone remember that Spitfire on the trading floor?
Goldman hasn’t been anything since the early 90s — even before they went public, but especially afterwards. The transparency of the partners cashing out even offended the old guard. Apparently some bankers didn’t get the memo, but the rest of the street has been unimpressed for a good 15 years now.
“a far off look of homoerotic arrogance”
grazie! made my day!
@28
When I was at Bear Stearns we used to party in the 8th floor bathroom with Larry Kudlow.
Comment removed by moderator.
@3,7,8- I can hardly get through a conversation without dropping “when I was stroking my big dirty cock.”
SPODE
@40
Considering the average age of reader here, I doubt most remember ‘HOTgomery’.
Which spitfire? It was called Hotgomery for a reason.
I think April will be another good time for the “accelerated analyst program”.
@32 is wideclops
Does anyone know summer associate numbers?
Too fill in the blank, did not read.
@50 – too “gold”, had to “sach”…
@32
Obviously you’ve never given the HBI to a wideclops….
Does John Thain’s son Alex still work at Goldman? Think now that pops is no longer he is going to get the axe?
Too be, did not to be.
Comment removed by moderator.
@53, he’s still in the directory.
If a GS employee has $5 and another firms’ employee has $5, the GS employee has more than them.
GS employees have no “ctrl” button on their keyboard… they are always in control
GS employees can win a game of Connect-4 in three moves
GS employees are often under-employed. You have people with two degrees making coffee for their bosses (no kidding).
This means that the experience gained at GS may not be as valuable as that gained in a company that will actually utilize your skills.
the nyc metro area is so super fucked.
this past fall i looked at a house in summit, nj which was being offered @ 1.3mm.
i got a call from the real estate broker i was dealing with and she told me the house just sold for 965k.
holy shit.
is this info confirmed? d’u have similar info on MS?
@61 So, it was mispriced in the first place. It could have been worse (see California, Florida, Nevada). If you’re looking at 1.3mm houses – more power to you – maybe you should have put in a bid?
zIluTl I really liked your article.Really thank you! Really Cool.