Investment Banks as Formula One Teams
Bored at work and just finished binging F1: drive to survive on Netflix.....
Soooo here goes:
Goldman Sachs/Scuderia Ferrari:The undisputed GOAT franchise. May not always be #1 in the league table/standings but has been consistently top-ranking for decades, not to mention the unparalleled prestige of making partner at GS/driving for Ferrari. Despised by other teams for their proximity to the governing body (Government Sachs/Ferrari International Assistance) and questionable favoritism.
J.P. Morgan/Mercedes:Old legacy brand which went dormant for decades (Morgan's commercial banking days/Mercedes' non-involvement in f1 until 2000s) that resurged in recent years (post-crisis/hybrid engine era) and proceeded to dominate the league tables/grid (JPM crushing league tables vs Mercedes winning 6 championships in a row) using their large balance sheets/R&D from Brawn GP.
Morgan Stanley/Red Bull: Equally powerful and rich as GS and JPM/Ferrari and Mercedes and once saw major success (dominant M&A franchise/4 world championships in a row)
BAML/Renault: Historically great franchise (Merrill Lynch/Benetton) that was bought out by a large universal bank/carmaker (BofA/Renault). Has seen successes via large balance sheets/virtually unlimited R&D budget but still has work to do in order to challenge the big boys.
Citi/McLaren: Wildly successful in the 80s (Salomon Bros/McLaren-Honda) but went quiet in the 90s before resurging in the 2000s as a completely new brand (Citigroup/McLaren-Mercedes) and saw some success before crashing down (financial crisis/failed partnership w/ Honda). Currently on the path upwards again with new leadership/power units.
DB/Williams: A once-dominant franchise now spiraling downwards with no end in sight due to gross mismanagement from the top (John Cryan/Claire Williams).
Barclays/Sauber: Former powerhouse (Lehman/BMW-Sauber) that exited the biz and got acquired, but has yielded mixed results since and are sort of stuck in the midfield.
Nomura/Toyota: Japanese big-hitters who've spent big in an effort to break in and disrupt the playing field, but yielded mediocre results (low market share/failing to establish as a top 3 constructor) and as a result has (largely) exited the biz (Nomura scaling down US and London operations/Toyota exiting F1 completely).
that's all I can think of so far....any thoughts?
all credits go to the GoT post! great inspiration
EDIT: oh my god guys did not expect all the love - thanks everyone