When I started working in a business school, mid 1990s, Goldman had a great name and its reputation stood for excellence. Today, post IPO, it appears they actually have to sell the company to smart and talented people. I guess this is the ebb of flow of a firm’s “good name.”
“A panel of Goldman Sachs employees spent a recent Tuesday night at the Columbia University faculty club trying to convince a packed room of potential recruits that Wall Street, not Silicon Valley, was the place to be for computer scientists.
The Goldman employees knew they had an uphill battle. They were fighting against perceptions of Wall Street as boring and regulation-bound and Silicon Valley as the promised land of flip-flops, beanbag chairs and million-dollar stock options.”