Goldman Sachs habitually allows internal investment groups to overlap and compete
Adam Shapiro · Adam Shapiro – Post-Breeding Grounds for Rising Stars and Families (Capital Allocators, EP.319) · Jun 5, 2023 · at 15:20
Adam Shapiro, Managing Partner of East Rock Capital, reflects on why he left Goldman Sachs at the end of 2006 as internal friction and mandate overlaps increased.
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“Goldman has a habit of allowing different groups to play in the same areas. We started bumping into other groups within Goldman more and more, and possible investments I was working on, all of a sudden I would get a phone call that it was somebody else's area, or somebody's claiming it was their area, and so it became a lot less fun in oh five and oh six, and so I ended up leaving right at the end of oh six.”
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