Matt Levine’s Money Stuff: Goldman’s CEO Wants to Get Paid

Goldman pay

I sometimes talk to students at colleges or business schools, and a question that one often gets asked in that circumstance is “what should I do with my life?” The venues being what they are, the way that question comes out of a student’s mouth is often “should I go into private equity?” I don’t know! Nothing in this newsletter is ever career advice. But my heuristic is that, if everyone in your graduating class is trying to get on a clearly defined and rigidly structured career track that leads to the same place, then succeeding on that track is ...