In 1988, after about two and a half years on the job at
Goldman-Sachs, I received a zero percent salary increase. I heard
through the grapevine that if you didn't get a raise, it would be a
good idea to dust off your resume.
Goldman had recently hired a new Information Technology director
named Rick Adam and his personnel manager gave a talk to our
department outlining a new policy. She reported that Rick wanted to
cut costs by replacing experienced, senior developers just like me
with recent college graduates who they would train. I regret that I
didn't have a tape recorder going when she spoke to us, since I could
have sued the bastards for age discrimination.
Adam was a class A prick who had the reputation for being some kind
of genius. I guess the partners at Goldman were impressed with the
fact was a triathlete, had graduated from West Point and worked on
computer support for Apollo Space Missions. Considering the fiascos
at NASA in recent years, I can't say that I am totally surprised that
Adam had to leave Goldman not long after I did.
Adam had hired a deputy director named Jim Burns, who had previously
worked for the software consulting arm of Arthur Anderson Consulting
(now called Accenture to separate itself from the stench of the
defunct accounting division implicated in the Enron scandal.) Not
soon after Burns arrived, Goldman was flooded with these snot-nosed
kids from Arthur Anderson wearing suspenders and "power ties". They
looked like what central casting had turned up for Oliver Stone's
"Wall Street". None of them really knew what the hell they were
doing, but Arthur Anderson charged Goldman $1000 per day for their
services. I always suspected that Burns was getting kickbacks from
Arthur Anderson, but could never prove it.
full: http://louisproyect.wordpress.com/2008/05/10/goldman-sachs/
_______________________________________________
pen-l mailing list
pen-l@lists.csuchico.edu
https://lists.csuchico.edu/mailman/listinfo/pen-l
