Goldman's Blankfein: New York Gaining After Brexit Vote

The transcript discusses a business's strategic shift from focusing on the UK to leveraging Europe's advantageous time zone for global operations. Initially, the business aimed to maximize its potential in the UK, but the time zone benefits of Europe prompted a shift in global activities. However, the decision to move operations is being re-evaluated to preserve optionality and avoid redundant efforts.

What is the main reason for considering New York as a gainer in global business?

How does the time zone of Europe benefit global business operations?

What challenges are associated with operating from New York compared to Europe?

What factors led to the decision to move more global activities to the UK?

Why is it important to preserve optionality in business operations?