If you thought the SEC’s charges against Goldman Sachs would shake-up the tight-knit culture of the firm, think again. Apparently, they’ve only served to embolden bankers to work extra hard to do what they do best - make money.
The new team spirit comes on the eve of what will most likely be a torrent of bad press tomorrow as GS execs head to Washington for some political theater. We know Goldman employees have always guzzled their fair share of Kool-Aid, but these days the solidarity seems to be running extra high these days.
“Everyone internal thinks it's a big joke,” says one former Goldman employee, “and are actually quite pissed that the SEC had the audacity to bring these charges and in an unprecedented manner.”
“If they served Kool-Aid inside of Goldman, it’s safe to say everyone would be drinking it,” says one senior New York attorney whose practice brings him into contact with many Goldman employees.
“It’s like the firm is full of Stepford bankers,” says one Goldman vice president