- Goldman Sachs’s New Palace Creates Princes, Serfs
- Goldman fund down to last $30m
Goldman Sachs’s New Palace Creates Princes, Serfs – WSJ
But a new class of haves and have-nots has emerged—even at Goldman where the notion of have-nots is relative. Outside offices are now reserved only for the firm’s more than 300 elite partners. Managing directors, next down in the Goldman hierarchy, almost always get windowless inside offices.
And vice presidents, many of whom had offices before the move, now sit at open-space workbenches that in an earlier era would have been called a typing pool. They aren’t thrilled.
“I haven’t had a desk like this since high school,” said one employee who asked not to be named…..
Goldman fund down to last $30m – FT
Whitehall Street International, Goldman Sachs’ international real estate investing fund, has lost almost all its equity following soured property investments in the US, Germany and Japan.
The fund is down to its last $30m, from about $1.8bn, a loss of about 98 cents on the dollar, according to the annual report sent to investors last month….
Tags: Banking Culture, Goldman Sachs, Hedge funds, Real Estate
