Goldman Sachs gives managers a choice: Dallas, Salt Lake City or leave

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Goldman Sachs gives managers a choice: Dallas, Salt Lake City or leave - Business Standard

Quick Summary:

That’s stirred up concern that locations far from Wall Street could use more on-site management, including more vice presidents, managing directors and even partners.

The push aims to drive down costs and tap a pipeline of talent emerging in these regions.

The plan underscores Solomon’s willingness to look beyond traditional financial hubs and reshape U.S.operations geographically to rein in expenses, even if it means relocating large numbers of staff.