Is Goldman Sachs Still a Bulge Bracket?
Serious question… is Goldman Sachs still considered a bulge bracket?
Obviously firms have to lay some people off, but I'm not even sure that Deutsche Bank has seen things this bad. Also, they have this weird bald guy running the firm who's a DJ and more focused on being "cool" to teenagers at Coachella and Lollapalooza than running a bank.
Heard the consumer business is losing $2bn per year - that sounds like a smart decision, right? Definitely need to pay Mr. DJ $30mm per year to burn cash.
What if the firm axe'd Mr. DJ instead of revenue supporting headcount? Mr. DJ looks like a big cost center and cost producer if you ask me.
Could be a good idea to put on wallstreetbets
John Waldron should be CEO. A proven revenue producer that's into normal things like golf.
You sound boring
Did an engagement with GS recently. John Waldron came and was actually solid. We want DSol out too, we just think he'll keep working for them because GS don't want him going anywhere else.
To the GS folks, what's the dynamic like between DSol and John Waldron (if anyone here has a sense)? For all the destruction DSol has done as CEO, what does he run / do / actively make better?
Unfortunately Waldron lacks 2 key requirements for the job: Bald and Jewish
Pretty sure BB Banks give free coffee to employees. Therefore Goldman is disqualified
This is why CS doesn't count anymore
Is Goldman still a BB? Yes. Is Goldman still Goldman? Definitively no
DSol has single handedly ruined a substantial amount of the reputation of the bank. He is not just a poor leader, but a distraction for the bank.
I sincerely doubt he´ll make it past 24´
TF did DJ-Sol do to deserve that bad of a reputation beside the Marcus bs? Watched one of his interviews and he seemed like a decent person.
Interesting - has he done that much reputation-al damage? Who is on top now?
i love voicemail layoff
Rumor on the street is D Sol sent out personal "You're Fired - the Remix" mixes to everyone's voicemails. It starts out as a regular EDM track but then when the beat drops all of the sudden Vince McMahon blares over the speakers -
I would love to hear that audio😂
Shut up nerd DJ Dsol is my hero and he should be yours too
♫ DJ got us layin' off again ♫
I want to work at The Goldman Sachs
Recruitment is over. If you want to work as a janitor, I can take your CV
bulge is no longer OK to say
POV: You're an Analyst 1 at Goldman IBD, who joined the desk 6 months ago
I'm sorry guys i'm having way too much fun with this
As someone who hasn't been paying attention to the IB space for the last couple of years, could anyone give me a quick summary of what DSol's done that so bad for GS?
Spotted the journalist
LMAO. Seriously though, was just legit curious, struck out for IB recruiting out of undergrad and went to consulting instead, 2+ years later trying to consider my options for post-MBA recruitment so trying to get back into the industry chatter.
Goldman Sachs is considered to be one of the most prestigious and successful investment banks in the world, and it is often referred to as a bulge bracket firm. The term "bulge bracket" is used to describe the largest and most profitable investment banks, typically those that are global in scope and have a wide range of services including M&A, equity and debt underwriting, and trading. Goldman Sachs is definitely part of the this group of banks, it is a global financial services firm that provides investment banking, securities and investment management services to a diverse client base, including corporations, financial institutions, governments and high-net-worth individuals. It has a strong reputation in the industry, and is considered to be one of the most prestigious firms to work for. It is known for its large, highly profitable investment banking division, which provides services such as M&A advisory and underwriting of public offerings. It is considered as a leader in the bulge bracket category and its brand and reputation are still strong.
Classic chatgpt response
I hope to god this is a bot
Did you not look at the username, its obviously not a bot (real human)
Username checks out, bot
How bad were the layoffs at GS? Heard 3.2k laid off but have not seen anyone even mention being laid off from there
Hello random stranger,
just got laid off by DSol this morning.
No, Wells Fargo has replaced GS as the #1 BB.
The era of bald CEOs is over, let us sing the songs of Dimon and Moynihan's luscious locks
and fraserlicious glasses
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path less traveled
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