At Goldman Sachs, high-level departures are a normal course of business, and part of the reality of ascending Wall Street’s greasiest pole. But the firm is on its third round of layoffs since last September, and a number of recent exits have turned more heads than usual. Somehow, this feels different.
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Dina Powell-McCormack is the latest in a surprisingly high-level cohort of partners exiting the bank. It’s the latest sign of how finance is changing and just how hard it is for Goldman Sachs to be Goldman Sachs.
Things are starting to look a little more angsty than usual at Goldman Sachs these days, as more and more high-profile bankers, traders, and executives are voting with their feet and exiting the firm. Among them are people like Katie Koch, a partner who left last September to become the...