Top Paid Goldman Partner Makes Surprise Exit

The transcript discusses the surprising earnings of a Goldman Sachs executive, Montesano, who earned more than his boss, CEO David Solomon, over the past three years. It highlights Montesano's role as head of equities trading in the Americas and his global remit over the Program Trading Desk, a lucrative business known for index rebalancing. The transcript also explores the competitive landscape, market changes, and future outlook for trading desks, noting potential challenges in maintaining past performance levels. Montesano is currently on a career break, with strict non-compete clauses affecting his next steps.

What was surprising about the earnings of the Goldman Sachs executive discussed in the video?

• He earned less than his peers.

• He earned more than the CEO, David Solomon.

• He was not paid for his work.

• He earned the same as the CEO.

What role did the executive hold at Goldman Sachs?

• CEO of Goldman Sachs

• Head of Equities Trading Americas

• Chief Financial Officer

• Head of Investment Banking

What is the Program Trading Desk known for?

• Cryptocurrency trading

• Retail banking

• Mergers and acquisitions

• Index rebalancing

What challenge is the trading division facing according to the video?

• Decline in technology

• Regulatory issues

• Lack of skilled employees

• Increased market competition

What is the current status of the executive discussed in the video?

• He is starting his own business.

• He is taking a break with family.

• He is working as a consultant.

• He has joined a new firm.