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

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.

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

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

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

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

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