Goldman Hands Wall Street a New List of Bold-Faced Names

Goldman Hands Wall Street a New List of Bold-Faced Names

Assessment

Interactive Video

Business

University

Hard

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Goldman Sachs is promoting a new generation of leaders, expanding its management committee by over 50% to signal the next generation of leadership. This move aims to retain talent and prevent competitors from poaching key individuals. Despite the expansion, diversity remains a concern, with only one woman among the newly promoted leaders. The changes reflect a broader approach to leadership beyond traditional banking ranks.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the main reason for the expansion of the management committee at Goldman Sachs?

To reduce the number of leaders

To signal the next generation of leadership

To cut costs

To focus solely on trading

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why did Goldman Sachs decide to add 15 people to its management committee?

To focus on a single business line

To prevent them from leaving for competitors

To increase the workload

To reduce the number of meetings

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was a significant challenge in implementing the changes at Goldman Sachs?

Lack of interest from employees

Insufficient budget

Resistance from competitors

Difficulty in making decisions

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a notable issue with the diversity of the new management committee at Goldman Sachs?

No promotions were made

Only one woman was promoted

All promotions were from the same department

Too many women were promoted

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does the workforce at Goldman Sachs perceive the lack of female representation in the new promotions?

It is viewed negatively

It is seen as a positive change

It is considered irrelevant

It is not a concern