Source: I've worked in and with many successful organizations, and worked at one place with proper internal processes, so I know what's possible
Who is they? Do you have any idea what its like working at an org the size of GS, that you actually think these two completely different departments discussed the matter with each other?
What is the Investment Bank version of "flogging round the fleet"?
I don't agree at all. Different groups should be supporting each other and the overall bottom line instead of their parochial, narrow self-interests - the latter is a poorly functioning org.
If by group A delaying its $100M cost-cutting, group B can add $1B to the bottom line, it would be a corporate and group management failure for group A not to cooperate.
So here, would they synchronize announcing big things in relation to the hottest and most risky investment there is right now?
"what motivated them to announce this a few weeks before trading starts?"
Also what’s your point? Goldman Sachs shouldn’t pull Claude Code because there’s no point in trying in this world and we should all give up on everything?
Google put 'scandal' in the autocomplete choices after their name, that tell me enough.
That is:
> Number four, I know you heard this before
> Never get high on your own supply
Nonetheless, I think the advice being applied here is number 3
> Number three, never trust nobody