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Propagandhi711
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more shit hits the proverbial ceiling at GS
by MaxEntropy_Man Wed Mar 14, 2012 7:32 am
http://www.nytimes.com/2012/03/14/opinion/why-i-am-leaving-goldman-sachs.html?pagewanted=1
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Re: more shit hits the proverbial ceiling at GS
by Guest Wed Mar 14, 2012 10:28 am
I have always taken a lot of pride in advising my clients to do what I believe is right for them, even if it means less money for the firm. This view is becoming increasingly unpopular at Goldman Sachs. Another sign that it was time to leave.
Guess this sums it up.
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Re: more shit hits the proverbial ceiling at GS
by Guest Wed Mar 14, 2012 10:41 am
btw Max, how far is Ashland from you?
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Re: more shit hits the proverbial ceiling at GS
by Hellsangel Wed Mar 14, 2012 10:55 pm
What exactly is an Executive Director?
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Re: more shit hits the proverbial ceiling at GS
by Propagandhi711 Wed Mar 14, 2012 11:02 pm
to me the article sounds like it was written by some small potatoes guy with potential but couldnt make it too far in the dog eat dog world. exec director is someone that couldnt become a managing director, according to bloomberg TV...
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Re: more shit hits the proverbial ceiling at GS
by Marathadi-Saamiyaar Wed Mar 14, 2012 11:34 pm
Propagandhi711 wrote:to me the article sounds like it was written by some small potatoes guy with potential but couldnt make it too far in the dog eat dog world. exec director is someone that couldnt become a managing director, according to bloomberg TV...
There is no managing director in US corporations....
Just saying....
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Re: more shit hits the proverbial ceiling at GS
by Hellsangel Wed Mar 14, 2012 11:48 pm
Can someone please post the hierarchy of titles at GS?
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Re: more shit hits the proverbial ceiling at GS
by Hellsangel Wed Mar 14, 2012 11:53 pm
http://www.instituteforfinance.com/faqs-investmentbanking.php
What is the typical job title hierarchy or ladder?
Most investment banks have the same strict hierarchy or ladder of financial professionals. From junior to senior, the typical hierarchy is (1) Analyst, (2) Associate, (3) Vice President (VP), (4) Senior Vice President (SVP)/Director and (5) Managing Director (MD). Some banks have different names for some of these positions, but the relative roles of each tend to be consistent within all investment banks.
What is the typical job title hierarchy or ladder?
Most investment banks have the same strict hierarchy or ladder of financial professionals. From junior to senior, the typical hierarchy is (1) Analyst, (2) Associate, (3) Vice President (VP), (4) Senior Vice President (SVP)/Director and (5) Managing Director (MD). Some banks have different names for some of these positions, but the relative roles of each tend to be consistent within all investment banks.
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Re: more shit hits the proverbial ceiling at GS
by Marathadi-Saamiyaar Thu Mar 15, 2012 12:32 am
Hellsangel wrote:Can someone please post the hierarchy of titles at GS?
Don't you have their home addresses, cell #, and soc sec #???
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Re: more shit hits the proverbial ceiling at GS
by Kris Thu Mar 15, 2012 12:36 am
Propagandhi711 wrote:to me the article sounds like it was written by some small potatoes guy with potential but couldnt make it too far in the dog eat dog world. exec director is someone that couldnt become a managing director, according to bloomberg TV...
>>> The guy was small fry in the scheme of things and don't know why he had his epiphany after so many years in the industry. That being said, Goldman has had its share of problems and I don't put it past his bosses talking about clients as 'muppets'. One of the old timers (can't remember in which article) hit the nail on the head. It is a case of long term greed in the past versus short term greed now, because of the change in the way the guys are incented. Under the old model, it is more relationship driven. Under the new model, it is more a case of making the deal now and get the money.
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Re: more shit hits the proverbial ceiling at GS
by Marathadi-Saamiyaar Thu Mar 15, 2012 1:58 am
..here some details about the corporate structure in Goldman Sachs....The Managing Director in US is not the same as managing Director in India.
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Re: more shit hits the proverbial ceiling at GS
by Merlot Daruwala Thu Mar 15, 2012 3:06 am
Weird. An Executive Director, by definition, is a senior member of the management team (hence "executive") who is also on the Board of Directors. In most corporations, there'll only be 4-5 EDs. And yet, in the Wall St world, it looks like this title is handed out like confetti...
http://dealbook.nytimes.com/2012/03/14/public-rebuke-of-culture-at-goldman-opens-debate/?hp
"(There are about 12,000 executive directors, the equivalent of being a vice president in the United States, but only about 2,500 managing directors among Goldman’s 33,300 employees.)"
http://dealbook.nytimes.com/2012/03/14/public-rebuke-of-culture-at-goldman-opens-debate/?hp
"(There are about 12,000 executive directors, the equivalent of being a vice president in the United States, but only about 2,500 managing directors among Goldman’s 33,300 employees.)"
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Re: more shit hits the proverbial ceiling at GS
by Kris Thu Mar 15, 2012 3:11 am
Merlot Daruwala wrote:Weird. An Executive Director, by definition, is a senior member of the management team (hence "executive") who is also on the Board of Directors. In most corporations, there'll only be 4-5 EDs. And yet, in the Wall St world, it looks like this title is handed out like confetti...
http://dealbook.nytimes.com/2012/03/14/public-rebuke-of-culture-at-goldman-opens-debate/?hp
"(There are about 12,000 executive directors, the equivalent of being a vice president in the United States, but only about 2,500 managing directors among Goldman’s 33,300 employees.)"
>>>The title inflation has something to do the image put out to customers, to given the the idea they are dealing with some higher up in the organization.
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Re: more shit hits the proverbial ceiling at GS
by Marathadi-Saamiyaar Thu Mar 15, 2012 9:40 am
I think they must have watched Cheer's and woody's promotion by Ms. Howe.
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Re: more shit hits the proverbial ceiling at GS
by Propagandhi711 Thu Mar 15, 2012 10:03 am
Marathadi-Saamiyaar wrote:Propagandhi711 wrote:to me the article sounds like it was written by some small potatoes guy with potential but couldnt make it too far in the dog eat dog world. exec director is someone that couldnt become a managing director, according to bloomberg TV...
There is no managing director in US corporations....
Just saying....
periyaar knowitall,
please read up on goldman sachs before shooting off your mouth.
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Re: more shit hits the proverbial ceiling at GS
by Propagandhi711 Thu Mar 15, 2012 10:38 am
Merlot Daruwala wrote:Weird. An Executive Director, by definition, is a senior member of the management team (hence "executive") who is also on the Board of Directors. In most corporations, there'll only be 4-5 EDs. And yet, in the Wall St world, it looks like this title is handed out like confetti...
http://dealbook.nytimes.com/2012/03/14/public-rebuke-of-culture-at-goldman-opens-debate/?hp
"(There are about 12,000 executive directors, the equivalent of being a vice president in the United States, but only about 2,500 managing directors among Goldman’s 33,300 employees.)"
my friend's dog is a vice president at citibank.
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Re: more shit hits the proverbial ceiling at GS
by Hellsangel Thu Mar 15, 2012 10:49 am
http://www.cnn.com/2012/03/14/opinion/levine-goldman-sachs/index.html?hpt=hp_c2
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Re: more shit hits the proverbial ceiling at GS
by Propagandhi711 Thu Mar 15, 2012 11:00 am
funny how this highly scrupulous "sr exec" decides to leave after picking up his bonus...
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Re: more shit hits the proverbial ceiling at GS
by Marathadi-Saamiyaar Thu Mar 15, 2012 11:32 am
Propagandhi711 wrote:Marathadi-Saamiyaar wrote:Propagandhi711 wrote:to me the article sounds like it was written by some small potatoes guy with potential but couldnt make it too far in the dog eat dog world. exec director is someone that couldnt become a managing director, according to bloomberg TV...
There is no managing director in US corporations....
Just saying....
periyaar knowitall,
please read up on goldman sachs before shooting off your mouth.
There are managing directors (India) and there are managing directors (elsewhere). The word "MD" gives the impression of a "CEO" which is exactly what it is in India and many Asian countries (Brit systems). In US, the Managing director - used mostly in financial Looting corporations - is nothing more than a Manager. 250 managing directors in Goldman Sachs ??? out of a total employment of 33,000 (forget the thousands managed by a single MD in India).
So, in short...I am right...
If a drug addict like Limbaugh can talk about anything, then my neighbor's dog is also a knowitall.
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Re: more shit hits the proverbial ceiling at GS
by Propagandhi711 Thu Mar 15, 2012 1:08 pm
upps, dont argue semantics, man. you said clearly that there are no managing directors in US in this very context.
regardless, here's an amusing pictoral on what leads a banker to write such an article:
regardless, here's an amusing pictoral on what leads a banker to write such an article:
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Re: more shit hits the proverbial ceiling at GS
by MaxEntropy_Man Thu Mar 15, 2012 5:33 pm
i anticipated the vitriol against this guy. as to why he is taking his bonus -- wouldn't you if you were leaving the company? it's compensation for work he did for them while he was employed there. so what if he is small fry? he was in the trenches, getting grease on his elbow and doing the everyday work. he is courageous to come out and say what he is saying knowing full well that his career in the finance industry is finished.
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Re: more shit hits the proverbial ceiling at GS
by MaxEntropy_Man Thu Mar 15, 2012 5:34 pm
Tracy Whitney wrote:btw Max, how far is Ashland from you?
who wants to know and why?
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Re: more shit hits the proverbial ceiling at GS
by Marathadi-Saamiyaar Fri Mar 16, 2012 11:09 am
Tracy Whitney wrote:btw Max, how far is Ashland from you?
About 15 miles or 30 to 1 hr driving depending on the traffic.
**Sent on behalf of Max**
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Re: more shit hits the proverbial ceiling at GS
by Hellsangel Fri Mar 16, 2012 11:17 am
May I chime in?
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Re: more shit hits the proverbial ceiling at GS
by Guest Fri Mar 16, 2012 11:18 am
MaxEntropy_Man wrote:Tracy Whitney wrote:btw Max, how far is Ashland from you?
who wants to know and why?
Am going there to visit a cousin. Was just curious.
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Re: more shit hits the proverbial ceiling at GS
by Marathadi-Saamiyaar Fri Mar 16, 2012 11:23 am
Tracy Whitney wrote:MaxEntropy_Man wrote:Tracy Whitney wrote:btw Max, how far is Ashland from you?
who wants to know and why?
Am going there to visit a cousin. Was just curious.
Goodland, KS is a short 1500 miles from your place.
Just saying.
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Re: more shit hits the proverbial ceiling at GS
by charvaka Sat Mar 17, 2012 4:42 am
LOL. I am glad this dude came out and said this. I guess he has enough in the bank to kiss his i-banking career goodbye.Propagandhi711 wrote:upps, dont argue semantics, man. you said clearly that there are no managing directors in US in this very context.
regardless, here's an amusing pictoral on what leads a banker to write such an article:
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