Goldman CEO Preparing for 'Bumpy Times Ahead'

The CEO of Goldman Sachs discusses the current economic climate, highlighting the potential for a recession in 2023 and the need for cautious financial management. The conversation covers staff compensation, emphasizing performance-based pay and the challenges of balancing talent retention amid economic uncertainty. Despite a competitive labor market, the firm takes a long-term view, adjusting strategies to align with changing conditions while maintaining focus on client service and organizational stability.

What predictions does the CEO make regarding economic growth and its impact on the financial services industry?

In what ways does the CEO suggest that the competition for talent is changing in the current economic environment?