Goldman Sachs

  • 17 Jan 2014 at 12:28 PM

Role-Based Pay Watch ’14: Goldman Sachs

Goldman Europe sees your bonus caps and raises you this: Read more »

In fact, as befits a market-driven company, the cafeteria has pricing based on demand; if you go during peak hours, you pay more. (“François, we’re having a run on meatloaf — quick, raise our ask!”) It’s a very different system — and self-consciously so — from what exists at another corporate dynamo, Google, which ranks No. 1 again on Fortune’s list and where all kinds of foods are famously free. “Different culture,” Galen says. “I could take it out of your paycheck and put it into the café, or I can put it in your paycheck and give you the choice to go to Shake Shack. We prefer the latter.” [Fortune, earlier]

  • 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. Read more »

  • 13 Jan 2014 at 4:31 PM

Bonus Watch ’14: Everyone

Pay predictions for Credit Suisse, Deutsche Bank, Goldman Sachs, JP Morgan, RBS, UBS. Read more »

Whether your destination is a minimum-security white-collar resort or federal pound-me-in-the-ass prison, you are going to need to get used to life without dwarf-tossing or three-ways with underage girls or taser games and $15,000 umbrella stands. This Goldman Sachs alum can help. Read more »

Maybe you’ve been toiling away on Wall Street for 10-15 years but have never earned one ounce of respect. Maybe you’ve been on the job for a matter of months, and have yet to be given more responsibility than picking up your boss’s lunch (a job that you came perilously close to losing several weeks ago for reasons we won’t get into here). Maybe you’ve been working at, say, Goldman Sachs, for several years now and are still addressed as “Hey, you.”

You could put your head down and keep grinding away at the hopes of one day being recognized for your contributions to the financial services industry. You could march up to your boss’s desk one day and say “Hey, I’ve got a name you know!” You could develop of a network of corporate insiders and then give Steve Cohen a call. Or you could simply start forgoing the razor and let your facial hair talk for you. What will it say? That you’re a god damn force to be reckoned with. Read more »


[@cgasparino, related]