Goldman Sachs is the anti-Softbank
Goldman Sachs is the anti-Softbank: Its corporate slides, rather than lying somewhere in the uncanny valley <https://link.axios.com/click/30732193.593426/aHR0cHM6Ly93d3cuYXhpb3MuY29tL25ld3NsZXR0ZXJzL2F4aW9zLWVkZ2UtNGYxNzQwMDEtOGJjYy00OTBiLTkyYTctMjcxZWIwNzgwOGUyLmh0bWw_Y2h1bms9NiZ1dG1fdGVybT1lbXNoYXJlJnV0bV9zb3VyY2U9bmV3c2xldHRlciZ1dG1fbWVkaXVtPWVtYWlsJnV0bV9jYW1wYWlnbj1uZXdzbGV0dGVyX2F4aW9zbWFya2V0cyZzdHJlYW09YnVzaW5lc3Mjc3Rvcnk2/62155aad577a4801a449ec18B702f1419> between genius and deranged, sometimes seem as though they're an entry in a contest for sheer emptiness. Why it matters: Goldman is going through something of an identity crisis at the moment and is placing a large bet on reinventing itself as an asset manager <https://link.axios.com/click/30732193.593426/aHR0cHM6Ly93d3cuY25iYy5jb20vMjAyMy8wMi8yOC9nb2xkbWFuLWNlby1kYXZpZC1zb2xvbW9uLXNheXMtYXNzZXQtbWFuYWdlbWVudC1pcy10aGUtbmV3LWdyb3d0aC1lbmdpbmUuaHRtbD91dG1fc291cmNlPW5ld3NsZXR0ZXImdXRtX21lZGl1bT1lbWFpbCZ1dG1fY2FtcGFpZ249bmV3c2xldHRlcl9heGlvc21hcmtldHMmc3RyZWFtPWJ1c2luZXNz/62155aad577a4801a449ec18B19a67d83>. In doing so, however, it seems to have removed most if not all of its institutional personality. For the record: Goldman's investor day presentation <https://link.axios.com/click/30732193.593426/aHR0cHM6Ly93d3cuZ29sZG1hbnNhY2hzLmNvbS9pbnZlc3Rvci1yZWxhdGlvbnMvaW52ZXN0b3ItZGF5LTIwMjMvaW5kZXguaHRtbD91dG1fc291cmNlPW5ld3NsZXR0ZXImdXRtX21lZGl1bT1lbWFpbCZ1dG1fY2FtcGFpZ249bmV3c2xldHRlcl9heGlvc21hcmtldHMmc3RyZWFtPWJ1c2luZXNz/62155aad577a4801a449ec18Bcefed49e> features slides with titles like these: - "Committed to Deliver on Our Medium-Term Targets" - "Intensely Focused on Executing on Our Key Priorities" - "Breadth and Depth Across Various Dimensions" The winner, however, has to be this one: - "Platform Solutions: Innovative Platforms Delivering Solutions to Clients" Between the lines: "Platform Solutions" is the hollow name bestowed upon Goldman's troubled consumer-banking operation. (If you have an Apple Card, you're a customer.) - CEO David Solomon seems highly reluctant <https://link.axios.com/click/30732193.593426/aHR0cHM6Ly93d3cuY25iYy5jb20vMjAyMy8wMi8yOC9nb2xkbWFuLWNlby1kYXZpZC1zb2xvbW9uLXNheXMtYXNzZXQtbWFuYWdlbWVudC1pcy10aGUtbmV3LWdyb3d0aC1lbmdpbmUuaHRtbD91dG1fc291cmNlPW5ld3NsZXR0ZXImdXRtX21lZGl1bT1lbWFpbCZ1dG1fY2FtcGFpZ249bmV3c2xldHRlcl9heGlvc21hcmtldHMmc3RyZWFtPWJ1c2luZXNz/62155aad577a4801a449ec18C19a67d83> to give a straight answer to the question of whether or not it's going to be sold, in the wake of billions of dollars in losses.
participants (1)
-
Gunnar Larson