issued new goals to help boost diversity at the Wall Street bank, including a target of doubling the hiring of entry-level bankers and traders from historically black colleges.
Solomon told employees Wednesday in a staff email that after setting goals last year to hire more Black and Latino employees, the New York-based firm had the "highest representation" of Black workers and a majority of women in its 2020 analyst class. Analysts, typically recent college graduates, are on the lowest rung of Wall Street's hierarchy. Associates are one level up, followed by vice presidents and managing directors. The Wall Street model is to hire thousands of entry level workers every year to create a pipeline of talent. Many typically depart for private equity, hedge funds or start-ups." of having half of all new analysts and entry-level associates hired in the U.S. be women, 11% black, and 14% Latino.
The bank said Wednesday that it wanted to have 40% of vice presidents globally be women, 7% black in the Americas and U.K., and 9% Latino in the Americas by 2025. Solomon also said that the bank would double the number of campus hires from historically black colleges by 2025, although the firm wouldn't disclose what the current figure is.
How about stepping up your recruitment NOW?
Great! That will bring you total of black employees up to say? .005% of total employees? And I am sure you will pay them equal to their “white” counterparts. Hooray for GS PR bullshit.
Trump cultists calling for a boycott of GS in 3 2 1...
That’s racist. Hire whoever is best fit for the job not the color of the skin because it makes you look good.
1. If you think they are a qualified pool to hire from, why does it take 5 years? 2. Everyone knows Goldman Sachs isn't known for its 'diversity' so doubling 'your minority population' does even less than just sending them a check. Great P.R. move though! It made the paper...
Haha. Yeah all three of them
Definition of racism...
How condescending.
What about asians
From 2 to 4? Wow!!!!
Thanks
How about just hiring the most competitive without regard to race or gender
Why does it take 5 years? Stupid
Great quess. FIVE years from now😄
Won’t do one darn thing to help inner cities where the problems continue to flourish.
Good old times when people where hired based on their qualifications and not based on the skin color.
Hiring them because they’re black? How about hiring the best candidate no matter what race they are
Well, in that case, I'll double the number of cocks I suck by 2025.
and this is to accomplish what ?
So they are hiring based on race? There is a word for that practice.
Just hire the best regardless of skin color.
As a stock holder, please just hire the BEST candidates. I don’t care about skin color. Hire purple people from Mars if they score highest in pre-employment screening. Save your bleeding heart for after work and on weekends!
From 1 to 2
Pandering
Why? Goldman Sachs should be hiring the best and brightest without regard to skin color. This is racist
Making company desicions based on any skin color vs. content of the individual’s character is exactly what MLK spoke against. But hey, more power to ya.
Maybe they could take the extra step and finance minority bankers education. Call it an investment.
Cause corruption knows no color.
So 2?
Get up honey. Don't worry, my job is safe...he's a master platitudes.
If hiring is based on competence instead of race, I don’t mind there is 100% of Indian colleges
Qualifications be damned. Skin color is what we want.
Not enough
So until now they were selecting only white candidates ! Or mostly white candidates !? Wt..
The fact the 'black collages' exist is a joke.
Sounds pretty racist
Yeah, from 2 to 4 or something
So they’re hiring based on color?
Can Hunter Biden claim all the hookers he has hired during COVID to no longer count on un-employment records?
AronFlam Bardissimo helt sjukt
so... 2... nice...
2+2
So stupid. I work at one of the Bulge Brackets. most of the Hispanic/Black bankers that are part of diversity quota come from extremely wealthy backgrounds. Just further putting poor white and asian males at a disadvantage smfh
Racist policies then
Why not just hire the best...which would include all races?
Bruce Willis looks great.
Brown colleges better luck in 2069
I hope GoldmanSachs is creating a runway and blueprint for their success. The issue is also retention and compensation structure.
jokes on them, banks wont be around in 2025
Why not now?
Long Bitcoin, short the banks
So 2 then?
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