Baby GS Analysts Start Their Spin
Part of the larger offensive on the part of Goldman Sachs (We aren’t evil! We swear!). Here’s Ezra Klein whoring himself out to an unnamed Harvard grad (composite character?) who worked at Goldman. He asks some hard hitting questions like:
The impression of the Ivy-to-Wall Street pipeline is that it’s all about the money. You’re saying that it’s actually more that Wall Street has constructed a very intelligent recruiting program that speaks to the anxieties of the students and makes them an offer that there’s almost no reason to refuse.
And this kid spits out some really amazing insight. That working at Goldman Sachs is actually a sacrifice (emphasis mine):
But the cultural effect of all of this — and even with regulatory reform, we need to think about that — is that a lot of people decide to sacrifice much more time than they normally would because the money is so good, and then they believe they deserve extremely high pay because they’re giving up so much time.
And that every one of these tools really just wants to go save the world:
People on Wall Street work very hard and they feel they chose this path because there was a reward promised to them. And now, when it’s being taken away from them, they get very angry. If the reward hadn’t been offered to them, they feel they would’ve followed their passion and become a journalist or something.
Look for more of this as the PR machines spin up.
-Shlok
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