Goldman Sachs CEO David Solomon and his management team are ditching their stuffy offices and moving to an open floor plan closer to the people so they can feel the buzz of New York headquarters

Goldman is relocating the executive offices from a place where employees speak in hushed tones to one where corporate leaders will be more accessible to employees.

December 13, 2019   |   View Online »

Goldman Sachs CEO David Solomon and his management team are ditching their stuffy offices and moving to an open floor plan closer to the people so they can feel the buzz of New York headquarters Dakin Campbell | Goldman is relocating the executive offices from a place where employees speak in hushed tones to one where corporate leaders will be more accessible to employees. Read More »

Citigroup CEO Michael Corbat sent out an internal memo congratulating the bank's new class of managing directors — we got the entire list of 220 names Alex Morrell | The title is the highest distinction at the bank. Nearly 140 of the new promotes are in the firm's dealmaking and sales and trading group. Read More »

Bill.com is surging in its first day of trading. We talked to its CEO and a big backer about the fintech unicorn's IPO and why it's good to be boring post-WeWork. Shannen Balogh | The cloud software and payments company's IPO comes at the end of a rocky year for unprofitable startups looking to go public. Read More »

Robinhood is rolling out a way to buy $1 slices of stocks in a bid to lure first-time users. The launch comes after bigger rivals matched it on zero commissions. Dan DeFrancesco,Rebecca Ungarino | The move underscores heightened competition playing out in a battle over fees that's gripped the financial services industry for months. Read More »

Wells Fargo is sweetening incentives for financial advisers to find clients on their own and not just rely on internal referrals Rebecca Ungarino | Wells Fargo Advisors just shared its 2020 pay grid, showing its focuses for growth after adviser headcount and asset levels fell this year. Read More »

Private equity firms like Warburg, Blackstone and Ares are embracing something they once shunned: the selling of their own investors' stakes. Here's what 5 insiders say is driving the explosive growth of this nearly $100 billion market. Casey Sullivan | The volume of deals in the secondaries market surged around 35 percent from 2018. And insiders say that growth will likely continue. Read More »

A top tech banker compares companies that are struggling to innovate to a $16.2 million futurist sculpture – here's the full 2020 outlook memo he sent to staff Meghan Morris | Aryeh B. Bourkoff, a tech, media, and telecom banker who founded LionTree Advisors, said "profitable, scaled businesses" that have survived new challengers should last for at least the next five years. Read More »

Morgan Stanley is sounding the alarm on Amazon's logistics network for UPS, USPS, and FedEx — with a chilling estimate of up to $100 billion in revenue slashed from the giants Rachel Premack | Amazon will invest an estimated $3 billion into one-day shipping this year alone as part of its rapid in-housing. Read More »

Frat bros, sketchy accounting, and a regional auditor: The short-seller who predicted $1 billion Celadon's bankruptcy two years ago reveals what went wrong at the trucking giant Bradley Saacks,Rachel Premack | Prescience Point founder Eiad Asbahi said trucking giant Celadon's accounting practices made him skeptical. Read More »

The hiring policy at McKinsey, one of the world's most elite management consultancies, is defined by one thing: Harvard Weng Cheong | McKinsey is famous for hiring lots of young graduates from the world's top schools — like Pete Buttigieg. We take an inside look at the strategy. Read More »

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