'Goldman Staff Aren't There To Look Out Of The Windows'

The Wall Street Journal has a nice little item about Goldman's new $1.2bn lower Manhattan HQ. And it seems that there's dissension in the ranks, as the firm's Partner Managing Directors have bagged all the offices with a view.

According to the newspaper, offices with a view are now 'reserved' for Goldman's 300 Partner Managing Directors, while even 'normal' MDs are left to slum it. One unnamed firm Managing Director complains: 'Now I need binoculars to see sunlight', and another Goldman employee moaned: 'I haven't had a desk like this since high school'.

One banker told Here Is The City, however: 'Goldman has never had flash offices. It's just not their way. And Goldman staff aren't there to look out of the windows and loaf around in flashy offices anyway. They don't get paid the big bucks for admiring the view'.

In the meantime, The Times reports that Rajat Gupta, a Goldman board member, has allegedly been identified as a possible source of inside information linked to the Galleon Group insider dealing probe being undertaken by US authorities. A spokesperson for Mr Gupta said that he was 'unaware of any examination of any such issue, and has done nothing wrong'. He is due to stand down at Goldman's forthcoming annual meeting in any case.

Finally, The Financial Times reports that Whitehall Street International, Goldman's $1.8bn international real estate investment fund, has told investors that it is down to its last $30m, having incurred a paper loss of 98 cents on the dollar on investments in Germany, Japan and the US. According to the newspaper, the fund is not due to be closed until 2014 at the earliest, so there is time for asset values to rise.

JefferiesAnd the Best Place to Work in the global financial markets 2018 is...

Register for HITC Business News