Tuesday, March 31, 2009

Exodus from Goldman?

What is going on at Goldman Sachs? It seems that financial minds are not seeing Goldman in the same light as they used to. Today, three of Goldman Sachs Asset Management's heads departed from the firm. Furthermore, yesterday, the Oracle of Omaha's favorite investment banker, Byron D. Trott, left the firm to open up shop. Are these departures simply a sign that the executives have gotten bored of Goldman and are feeling rather entrepreneurial? Are paychecks no longer that great? Or, is there another reason for the departures from 85 Broad? One thing remains: if Goldman is hiring, I'll be in line waiting for an interview...

Read about the hedge fund managers here: http://dealbook.blogs.nytimes.com/2009/03/31/hedge-fund-managers-leave-goldman-sachs/

Read about Mr. Trott here:
http://dealbook.blogs.nytimes.com/2009/03/31/goldman-loses-but-hold-the-pity/