Sad to report.
Alfred Feld, the longest-serving employee at Goldman Sachs, with more than 80 years of service at the Wall Street bank, died on Monday in Palm Beach, Fla. He was 98.
The New York Times reports that Feld was listed as a Goldman employee up until his death, although in recent years he came to work infrequently. Earlier this year, he was honoured by Goldman in a celebration at the firm.
His eight decades at Goldman spanned enormous change. When he started at the firm, in 1933, the country was still feeling the effects of the Great Depression. At the time, he said in a Wall Street Journal interview in 2003, his boss told him: 'Things are so bad here there is only one way they can go, and that is up'.
'His reputation for sound and conservative client coverage was widely known, and he advised some of the firm’s most significant relationships, many of whom have transitioned through multiple generations', Goldman CEO and President Blankfein and Cohn said on a memo to staff. 'He was also an active and tireless mentor to our people, and we have been privileged to benefit from his wisdom, leadership and perspective over the last eight decades'.
Bloomberg news reports that Feld started as a messenger in mail operations, before being promoted within five days to 'office boy'.
Goldman tweeted: 'Deeply saddened that Al Feld, our longest-serving employee, passed away at the age of 98. After 80 years here, he will be sorely missed'.