Why Goldman Sachs Want Its Bonuses Back

The video discusses Goldman Sachs' new strategy to retain employees by enforcing strict contract terms, including pulling deferred pay even if employees leave for non-rival firms. This unprecedented move aims to deter staff from leaving but may risk damaging client relationships and the alumni network. The video also explores potential reactions from former employees and compares Goldman Sachs' approach with other Wall Street banks.

What are the main reasons for the frustration expressed by Goldman CEO David Solomon regarding employee retention?

How has Goldman Sachs changed its approach to deferred pay for employees who leave the firm?

What potential risks does Goldman Sachs face by enforcing strict contract interpretations on departing employees?

What is the significance of the alumni network for former Goldman Sachs employees?

In what ways might the actions of Goldman Sachs influence the behavior of other Wall Street banks?