Goldman Sachs Infighting? What's Going On?
Market Mondays
EYL Network
5.0 • 4.1K Ratings
🗓️ 6 September 2023
⏱️ 3 minutes
🧾️ Download transcript
Summary
In this clip, we dive deep into the recent reports of internal conflicts at Goldman Sachs. From the root causes to the potential implications for the financial industry, join us as we uncover the truth behind the headlines.
What's really going on at one of the world's leading investment banks? Don't forget to subscribe for more insights and analysis on the latest financial news! #investing #goldmansachs #business
Full episode: https://www.youtube.com
/live/9PP5G36uA4Y?si=daghpoXjwkTS58Y3 (https://www.youtube.com/live/9PP5G36uA4Y?si=daghpoXjwkTS58Y3)
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Transcript
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| 0:00.0 | Speaking of Goldman, are you concerned |
| 0:01.8 | about the leadership and strategy? |
| 0:03.8 | And how will that affect the overall economy? |
| 0:05.9 | Yeah, that's right. |
| 0:06.8 | It reminds me a lot when it was like team name, |
| 0:10.0 | shoutout to the day versus Jay. |
| 0:11.4 | There's a lot of NFI to end Goldman right now. |
| 0:13.6 | On direction, on the market's product didn't work |
| 0:17.4 | when it was trying to do retail banking. |
| 0:19.4 | And I think, but there's a lot of proxy fights. |
| 0:22.1 | Please write this down. |
| 0:23.2 | When the economy isn't good, |
| 0:24.8 | that's when your enemies are gonna really try and surround you |
| 0:27.3 | and get you out of their seat, out of jealousy. |
| 0:29.4 | It's fine when the economy is going well, |
| 0:31.9 | but there are narratives that are created. |
| 0:33.9 | And that's one thing that Kathy was talking about, |
| 0:35.7 | like they'll say things that were not true about her funds |
| 0:38.7 | and drive the fund down to then take the clients, |
| 0:41.0 | use the same strategy as other firms |
| 0:43.5 | that had an innovation fund after hers |
| 0:45.6 | and post her clients after they had to press |
... |
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