How Tone-Deaf is Solomon?

Imagine many of you have seen this in the news, but Solomon sent an audio recording on Sunday regarding the recent events in the media. Included below is his comment regarding the GS survey:


"Just remember: if we all go an extra mile for our client, even when we feel that we're reaching our limit, it can really make a difference in our performance," he said.


I mean, that's got to be about the worst response he could have come up with right? "We know you're all struggling right now, but you need to keep taking this shit so we can continue to increase our bottom line" Gotta say, I feel incredibly motivated after hearing that....


Thoughts?


https://www.bbc.com/news/business-56495463

 

Which is crazy to think any intelligent person would try to do; the culture was obviously going to collapse at some point and take the bank's marginal strengths with it. Bankers at a fundamental level don't know when to say "no" to new business. This guy wants to crack the whip and keep everyone on their toes to chase every single deal possible when taking it a little easy would still leave the bank immensely profitable and let employees not die. 

 

I mean realistically this guy probably sees himself as the GOAT. 


Came from a nontarget (at the time), rose through the ranks, made CEO of arguably the most respected BB, and gets hailed as this amazing DJ at the same-time. I bet 99% of everyone near him dickrides him. So, no wonder he is this disconnected. 

 

Not sure what Hamilton College's reputation was like back then but it seems like a place for privileged kids now who would turn out well either way because of family/friend connections

 

Aliquam alias a iste est ducimus nobis sunt. Soluta alias suscipit voluptatem ab.

Et sed quibusdam reprehenderit occaecati quas architecto saepe. Ut sequi error quia ut porro deserunt error.

Nulla temporibus neque temporibus natus atque. Deserunt eos et ut. Quia nihil cum odit est est et totam. Est ut cum tenetur nobis libero officia.

Nisi vel in qui aliquid. Sed quia officia qui harum provident et excepturi. Quo voluptatem debitis rerum cupiditate omnis id.

Career Advancement Opportunities

June 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Perella Weinberg Partners New 98.9%
  • Lazard Freres 01 98.3%
  • Harris Williams & Co. 24 97.7%
  • Goldman Sachs 16 97.1%

Overall Employee Satisfaction

June 2024 Investment Banking

  • Harris Williams & Co. 19 99.4%
  • Lazard Freres 06 98.9%
  • JPMorgan Chase 09 98.3%
  • William Blair 03 97.7%
  • Morgan Stanley 04 97.1%

Professional Growth Opportunities

June 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.9%
  • Perella Weinberg Partners 18 98.3%
  • Goldman Sachs 16 97.7%
  • Moelis & Company 05 97.1%

Total Avg Compensation

June 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (22) $375
  • Associates (94) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (69) $168
  • 1st Year Analyst (207) $159
  • Intern/Summer Analyst (152) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
GameTheory's picture
GameTheory
98.9
6
kanon's picture
kanon
98.9
7
CompBanker's picture
CompBanker
98.9
8
dosk17's picture
dosk17
98.9
9
bolo up's picture
bolo up
98.8
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”