AT GOLDMAN, Constraint ON Workforce TO Tribute A LOW Appearance
By KEVIN ROOSE
Jim Wilson/The New York Become old
Allen Hide, a former Goldman employee who now works at Google, is pursuing his passion for hip-hop music.
Subsequently Matt Levine, a vice proceed at Goldman Sachs, announced in May that he was momentary his job to become a full-time scriptwriter for Dealbreaker, a derisive blog that covers the supply industry, a few contemporaries gave him a on your guard farewell.
"Cute a lot a person said it was enormous, on the other hand some of them are sort of on edge about talking to me now," he alleged.
Katie Baker got a consistent reaction at whatever time she announced that she was management to set Goldman's creature wealth say department, where she worked as a vice proceed, to memorandum for Grantland, a new ESPN sports site. Because contemporaries in her group were ecstatic, Ms. Baker, 28, had to meet with Goldman executives, who quickly rejected her strategy to start again work-related at the firm for her fixed two weeks, according to a person with awareness of the situation.
Restless Bank Tactic human resources systematically vision about quitting their jobs, breaking the so-called golden cuffs of high-paying supply careers to search their passions. But certified modern Goldman Sachs work hard with interests in the media, arts and extra apparent industries cling to start themselves in discomforting positions with the firm. At Goldman and extra banks whose reputations were dejected in the financial disaster, a public persona can be a liability.
In Ms. Baker's command, she was told that writing about her time at Goldman would represent a break down of her confidentiality become infected with, which lingering faintly. The firm attentive Mr. Levine, 33, that he would cling to to strike a remunerated 60-day set in the future he could birth at Dealbreaker, a hang around industry waiting era referred to as a "estate set."
"I don't think it's all that unexpected, exact something that's gone on with Goldman Sachs and the press," alleged Bess Levin, the Dealbreaker editor who hired Mr. Levine.
A Goldman spokesperson declined to comment. Ms. Baker and Mr. Levine declined to talk about the contractual lexis of their whisper, citing their confidentiality agreements.
Headquarters banks cling to always esteemed forethought plus work hard. But at Goldman - an benefaction load so creature that profuse of its work hard consign to it in a minute as "the firm" - communicate is supplementary pressure to keep a low profile.
Allen Hide came to Goldman's export therapist program as a 22-year-old with a side career. An proletarian rapper happening his time at the Studious of North Carolina, Mr. Hide had recorded certified albums and hoped to prefer his music career in New York.
"At first, it was a aloofness working, and a person at the firm was like, 'We're offering to support you,' " alleged Mr. Hide, now 23. "They knew that was part of my life."
But so a financial blogger discovered his Goldman connection and posted one of his performance videos online, pike him the "hip-hop benefaction bank clerk." As extend blogs and media outlets picked up his story, Goldman's media gatekeepers clamped down. They declined interview and vet wishes on his behalf and eventually gave him strong orders: no extend interim, no extend note down and no speaking to the media.
Mr. Hide, faced with a experience among his music and his supply career, unsmiling to quit.
"I didn't do what to pro the sneering treatment and the nuisance I got," alleged Mr. Hide, who now works for Google and lives in Silicon Hand. "It's not like I unusual the get on price."
Tom Comerford, an employee in Goldman's graphics agency, was furthermore a protest of side-career success. In his specially time, he moonlighted for the Bank Tactic Capability, benevolent guided tours of New York's financial area. Subsequently a British newspaper wrote an article about Mr. Comerford, he was called into meetings with the firm's legal and flexibility officers. He not here the firm of his own compassion briefly thereafter.
"I told them I could understand their anger," alleged Mr. Comerford, who still gives Bank Tactic tours.
"But they alleged, 'No, you don't understand. Harmonized if you want to be on the household of your condo, you cling to to get it approved through us,' " he supplementary. "They're very avaricious over their name."
Goldman has regulatory reasons to be on your guard. A national rule requires work hard at financial institutions to request outside sources of process. Ms. Baker, the wealth overseer, wrote remunerated freelance articles for certified blogs moment in time on the job at Goldman without informing the firm, a evident intrusion of the hold sway over.
But recording is just as precious on Bank Tactic.
"Population suspicious their bankers to exploit like bankers," alleged one former wholesaler at JPMorgan People, who not here the firm to ensue a data career. The wholesaler, who strut on the hand out of anonymity to deal with his relationships at the load, supplementary, "You're not supposed to be recognizable for what also or stand out for what besides your work."
Similarity concerns in the corporate world are not enough uncommon to Goldman, and not a person gets the third degree. Direct Leung, who worked at Goldman's London hideout, not here in 2009 to open a Mexican buffet with a friend from college. Mr. Leung alleged that he was on good lexis with his former contemporaries, some of whom he continued to task as patrons at the buffet.
"Most likely they're extend genial in the Associate Majestic," he alleged.
Regardless of the tenor of their departures, modern Goldman dropouts alleged they were happier now. Mr. Levine and Mr. Hide emphasized that they still had good relationships with Goldman, and Ms. Baker alleged that her only regret was quitting in the future a Rock Get rid of diner went up next to the firm's Manhattan administrative center. ("Goldman always wins," she joked.)
For Mr. Levine, plunder a big pay cut to work at Dealbreaker - a blog that covers, and systematically lampoons, his old employer - could be seen as a rogue move. But the blog's editor, Ms. Levin, alleged she did not suspicious Mr. Levine to express any revolution secrets, although she was ecstatic about having a Bank Tactic insider on shaft.
"Of course Goldman expects me not to memorandum about what that I saw or did at the firm," Mr. Levine alleged. "But I was a corporate equity derivatives salesperson and purchase me, no one wants to read about that."
Copyright 2011 The New York Become old CompanyPrivacy PolicyNYTimes.com 620 Eighth Feed New York, NY 10018PRESENTED BY: Directorial Administrate, LLC SPECIALIZING IN: Work Swap or Fit and Directorial Coaching or Multifarious - (908) 822-9655 WEBSITE: http://www.exec-leadershipLLC.comExecutive Administrate, LLC Official in Work Running & Directorial Coaching
cb@exec-leadershipllc.com
www.exec-leadershipllc.com
1(908) 509-1744
0 comments:
Post a Comment