Why I Am Leaving Goldman Sachs

Post by dustineichler » Wed, Mar 14, 2012, 2:18 PM UTC

JumpCrisscross wrote: post #23

guelo wrote: post #13

So he thinks Goldman was honorable back when he was young and had no idea what was going on. Bullshit. I happen to know of some shady Goldman credit swaps from the 90s that my municipality has been trying to get out of. I'm sure there is plenty of other garbage that went on back then too. You don't hire a bunch of mostly young male type-A personalities and wave million dollar bonuses in their faces and not expect que…

> mostly young male type-A personalities...wave million dollar bonuses in their face This also characterises hackers and Silicon Valley. There are some really good people on Wall Street just as there are some real turds in Silicon Valley. If you go back into Goldman Sachs's history it was a venerable firm with a storied past of forsaking short-term profit for the client, i.e. being long-term greedy instead of short-t…

Post by justincormack » Wed, Mar 14, 2012, 2:26 PM UTC

kds wrote: post #59

einhverfr wrote: post #40

Earlier quoted context omitted.

I am not denying that corporate culture takes on a life of its own, and that the system's rationality and the participants are not closely linked. What I am asking is whether great places to work inevitable decay as the company gets large, and if that is the case, what is the point of a startup? Why not seek to make an idea that scales down rather than scales up? Is it all about personal wealth? But for those of us w…

On philosophical theoretic grounds: I believe that such "decay" processes are inevitable in the long run, following organizational growth as time goes by. Maybe in the advanced management theory someone has yet to formulate the laws/principles of corporate thermodynamics. (This is not my original thought, I've read it somewhere but can't remember the source). On a more practical grounds, a few seeming counter example…

Post by silverlake » Wed, Mar 14, 2012, 2:28 PM UTC

steve8918 wrote: post #49

It's interesting how the tone of this article is almost exactly the same as the one about the Microsoft employee that recently quit Google. Something happens to companies as they get larger, where the culture of a company starts dying from a death-by-a-thousand-cuts, and then they start promoting the wrong people into upper management that seem to really poison a very good company culture. It sounds like Goldman Sach…

Post by pavlov » Wed, Mar 14, 2012, 2:30 PM UTC

JumpCrisscross wrote: post #15

I was an esoteric derivatives trader at an investment bank making money off clueless clients. We actualy prided ourselves, as a prop desk, on not being client facing. I went in expecting to parse global markets for inefficiency while pioneering the frontiers of 21st century finance. As time went on I found that the firm was content with mediocrity (as it could survive by simply existing in its role) and had no time f…

Post by jpdoctor » Wed, Mar 14, 2012, 2:34 PM UTC

pavlov wrote: post #107

JumpCrisscross wrote: post #15

I was an esoteric derivatives trader at an investment bank making money off clueless clients. We actualy prided ourselves, as a prop desk, on not being client facing. I went in expecting to parse global markets for inefficiency while pioneering the frontiers of 21st century finance. As time went on I found that the firm was content with mediocrity (as it could survive by simply existing in its role) and had no time f…

Some pointless pedantry: There is no singular title "Messr", because "Messrs" as the plural of "Mr" comes from the French "Messieurs". The French singular is "Monsieur", which is abbreviated as simply "M".