Business Services Industry
Goldman Sachs Scours British Universities for New Talent.
Knight Ridder/Tribune Business News, March, 2001
Daily Mail, London Knight Ridder/Tribune Business News
Mar. 22--Wall Street dealmaker Goldman Sachs is scouring universities for new talent after the tech shares meltdown took the shine off profits.
The investment bank insisted that recruiting new blood to replace those who were not making the grade was "pretty normal."
But chief financial officer David Viniar admitted: "As far as experienced hiring goes, we are going to significantly cut back." Staff numbers surged to 23,050 in the three months to February, from 15,667 a year earlier, lifted by the $6.5 billion takeover of New York firm Spear, Leeds & Kellogg. Employee pay, including bonuses of up to UKpound 20 million, rose from $2.2 billion to $2.3 billion.
Group pre-tax profits...
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