Goldman's Gnodde on Hiring Plans, Compensation

The video discusses strategic decisions involving job cuts and performance focus to win back investors. It highlights the importance of core franchises in investment banking and asset management. The discussion covers compensation strategies aligned with performance, acknowledging the cyclical nature of the industry. Economic challenges such as inflation and geopolitical issues are addressed, with cautious optimism for the future. The UK's post-Brexit economic and political landscape is explored, emphasizing the need for strong trade links with Europe.

What was the return on equity across the investment banking and global markets platform?

• 10%

• 25%

• 16%

• 20%

How many people is the firm planning to hire from universities this year?

• 2000

• 1000

• 3000

• 4000

What is the firm's approach to compensation in a cyclical industry?

• Compensation aligned with overall performance

• Compensation based on individual preferences

• Compensation based on seniority

• Fixed compensation regardless of performance

What is the firm's strategy to adapt to the cyclical nature of the industry?

• Focusing solely on consumer platforms

• Reducing workforce significantly

• Maintaining a static business model

• Being nimble and adapting to the environment

What was a significant factor in the economic outlook that was unexpected a few months ago?

• Stability in geopolitical tensions

• Increase in gas prices

• Reopening of China

• Decrease in US inflation

What is the firm's view on the current economic optimism?

• Overly pessimistic

• Cautiously optimistic

• Indifferent

• Overly optimistic

What is a critical aspect of the UK's trade that needs to be addressed post-Brexit?

• Increasing trade with Asia

• Building trade links with Europe

• Reducing trade with the US

• Focusing on domestic trade