• 16 Jan 2014 at 2:06 PM

Reach Of Gary Cohn Extends To Silent Monastery

Over at Fortune today you will find a story about Marty Chavez, a Goldman Sachs partner who rejoined the firm 2005 after leaving for several years to found a business, sell it, and retire to Fire Island. Chavez would’ve been content to live out his life on the beach but one day, this happened:

…he got a call from now-president Gary Cohn, then co-head of global securities. “I heard you sold your company — congratulations,” Chavez recalls him saying. “I heard you retired. That’s ridiculous. I was just calling to share with you that you’re coming back.” When Chavez told him he was burned out on commodities, Cohn suggested investment banking. Chavez didn’t know the first thing about banking, but Cohn was insistent.

Generally, when Gary Cohn talks, you listen. He doesn’t call to offer you a job, he calls to tell you you’re taking it. He doesn’t give you time to think things over, he sticks his grundle in your face and asks “What’s there to think about?” In this case, however, he knew a more subtle touch was necessary.

So he put this wheels in motion for this to happen:

Chavez was reluctant. But after some soul-searching at a silent monastery in New Mexico, he says he had an epiphany. “It’s the only time in my life that I would say there was a clear message from the universe,” he says. It might have been that he wanted out of his task for the day — cleaning toilets — but Chavez says he realized that he wanted to effect transformation in a global way and that returning to Goldman was the way to do it.

Ah, yes, “the universe,” wink-wink. Or was it Gary D. Cohn, who flew down to New Mexico and during Chavez’s daily meditation hid behind some shrubbery and whispered “Goooo to Goldman Sachs. Goldman Sachs is the way, my son”? Only the universe can say.

Marty Chavez: A singular CIO at Goldman Sachs [Fortune]

Related: Goldman Sachs President Gary Cohn Likes To Speak To Employees On A Grundle-To-Face Basis; Gary Cohn Would Just As Soon Jettison The Friendly Small Talk With His Father

13 comments (hidden to protect delicate sensibilities)
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Comments (13)

  1. Posted by L.B. | January 16, 2014 at 2:23 PM

    We really are doing God's work.

  2. Posted by Farfel | January 16, 2014 at 2:27 PM

    The most powerful grundle in the business.

    -Senior Fortune Grundle Correspondent

  3. Posted by guesst | January 16, 2014 at 2:51 PM

    Love that the article goes on to describe Marty's method for determining "fit" at Goldman.

    If GS is your 1st priority, you're a myopic bore; if it's your 4th, it's not high enough. Gotta be the 3rd priority.

    Hear that WSO? Make sure you have it down in the 2-3 spot on your life's priorities, don't even think about saying it's #1.

  4. Posted by Jon Shazner | January 16, 2014 at 2:57 PM

    Retiring to Fire Island has always been number one for me too.

  5. Posted by Guest | January 16, 2014 at 3:30 PM

    This grundle's on fire!

    Alicia Keys

  6. Posted by Guest Profiler | January 16, 2014 at 3:31 PM

    Marty Chavez p.o. Fire Island? Gay Hispanic Jew?

  7. Posted by Shaz's beard | January 16, 2014 at 3:41 PM

    Check out the cheek beard on Marty?!?!?! Like a Wall Street version of teen wolf

  8. Posted by guest | January 16, 2014 at 3:45 PM

    you're an idiot

  9. Posted by Gasparino | January 16, 2014 at 3:47 PM


  10. Posted by DR site | January 16, 2014 at 5:12 PM

    Check, Check.

    GS HR

  11. Posted by AnnadaAnath | January 16, 2014 at 5:46 PM

    Actually, God, Jesus H. Christ, Virgin Mary, the Holy Spirit, assorted saints, and as rumor has it, red Prada shoe-wearing ex-Pope Benedict XVI appeared in Marty's dream and ordered him to return to Goldman to do God's work. Hold on to your wallets for another financial industry meltdown sooner than you can say "Oh, God, you Devil."

  12. Posted by Best and brightest? | January 19, 2014 at 3:06 PM

    Thin bench at GS if you need to recruit retired folk….

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