The investment banking division at Goldman Sachs, which propelled the careers of legendary figures such as former U.S. Treasury Secretary Hank Paulson, is downsizing at a time when CEO pay is increasing and the stock price remains basically flat since 2006. Goldman cuts managing directors, executive directors and vice presidents in mergers, debt, equity capital markets The investment banking division was considered by some to be the crown jewel of the organization, deeply steeped in economic history. In 2015, Goldman was the top-ranked merger adviser and the investment banking division was Goldman’s most profitable operating segment. On its web site,…
Goldman Culls Herd In Investment Banking Division As Revenues Falter
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.