First off, because nobody leaves Lloyd and if you did, he’d find you. Second, because where you gonna go, ladies? You think it’s bad in here at 85B? You don’t have a clue what it’s like out there. Lloyd could do unspeakable things to you with a fresh set of whiteboard markers, make you service the golden scrots for trade approval and choke you out with his giant squid and you know what you’d say, were you not focusing on trying to breathe? You’d say thank you, LB, can I have another. Because the alternative is worse, at least according to Sandler O’Neill analyst Jeff Harte, who recently met with the GS brass:
Management did not seem overly concerned about potential employee departures in the wake of a lower than normal compensation ratio of 36% for 2009. Management believes the ability to pay employees is more about the relative compensation figure than the pay-out ratio, and most employees feel the long-term earning potential at the firm remains higher than at a competitor’s firm. In fact, Mr. Heller stressed that in his 21 years at GS, he has never felt better about the firm’s ability to retain talent as he does today.
Goldman: Employees Don’t Mind Record Low Pay Ratios [WSJ via BI]
oh Christ there are plenty of places where you can make just as much scratch and are way more fun to work.
@1 care to name a few?
-LB
@1 what firm on wall street is “fun” to work at? serious question.
Goldman is starting to get annoying. Pride always comes before the fall.
-Charles Confucious Gasparini
The only place for a GS person to make more cash would be in the Obama govt.
4-well fido was until that jackass rooned it w/ buy getting caught w/ the midgets.
If you are a risk taker or a programmer it is easy.
But most GS people, even traders, are just franchise operators. Pencil pushing firefighters who know how to work the internal GS system. That why they don’t leave–because their only valuable to GS.
I do know a handful of people their that are considering leaving. But top brass would never realize that.
3# Take that Russian dancer dude as an example…easy to get paid if your skills are portable.
GS has totally jumped the shark. In a few years only the mentally deranged vayner types will be left.
More bird stories please.
- HP
“GS has totally jumped the shark. In a few years only the mentally deranged vayner types will be left. ”
um, okay buddy.
@8 knows 2 people considering leaving, who won’t, and concludes that GS will be a third tier bank in a few years. thanks for the comedy.
little bit sensitive huh? lets see what happens
@8 clearly they are valuable to the govt since 24 of them sit at various positions.
They are getting too big to not fail.
I’m applying (late) for a summer analyst internship at Goldman and several other top-tier, bulge bracket i-banks. Most important to me is fit and culture. Can anyone tell me what the culture is like at Goldman and if it is collegial and team-oriented? Thanks!! ;)
#6 – no, that would be in Chicago government – city, county, state, you name it. If you got clout, the $ roll in.
@14 Attempt at Humor Fail. Try harder next time.
@14 Do you have a life and / or friends? Are you willing to sacrifice everything (including puppies) for your job?
If you answered no and then yes, you’ve got a shot
I like that photo. Kind of gangster.
Speaking of which, how come there wasn’t an updated “GS Bonus Watch” with what analysts/associates/VP’s/MD’s were rumored to have made?
Anyone with any thoughts on this?
@5 ‘confuciUs’, genius.
@19
‘The figure-four cross occurs where one ankle is placed on top of the other legs’ knee, with top leg’s knee pointing sideways. This can be a surreptitious crotch display, and is more common amongst men as it invites females and challenges other males. This may be covered with hands that hold the shin or ankle of the top leg.’
*sigh* if only he knew…
@14 you won’t find it here. GS people are discouraged from using dealbreaker.
@23 as someone who works at goldman, you are incorrect. the reason he won’t find it here is because you can’t leave comments on db from gs (as is the same with a bunch of sites being viewed from gs). but please keep talking out of your ass on matters you’re completely ignorant about.
@23 – you say that like some banks must encourage it, or something.