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?
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?
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.
What is the Investment Bank version of "flogging round the fleet"?
Uh yes, the head of ECM should know how GS is using his largest clients' products to the degree legally permissible.
One of the ways boutiques pitch themselves against the bulge brackets is by emphasizing that they won't generate these sorts of headlines.