Last November, Goldman promoted 70 people to its partnership pool. Last month, Goldman held an exclusive ball to celebrate the elevation of its new partners. We know this because, photographs of the event were spotted by New York Magazine on the Instagram account of an attractive young New Yorker called Shannon Kelly.
Goldman isn't commenting much on the event, although a spokesman told NYC that it was a, "nice way to end a week full of meetings." Kelly, however, said the event was like the "Golden Globes of investment banking," and added a selection of photographs to Instagram [Kelly's photos have now been made private, but you can still see them here.]
Among other things the photographs reveal a mystery woman singing on stage, an assortment of half drunk glasses of wine next to a dollop of food, and an illuminated bar with a bush growing in the middle of it.
Kelly's LinkedIn account reveals her to be a former VIP cocktail waitress from the Haze Nightclub in Las Vegas, where she says she was tasked to 'Sell, UPSELL, serve beverages to a VIP clientele.' She's now the director of new business for an elite Manhattan dining venue.
US M&A bankers are feeling a little bullish (Bloomberg)
RBS chairman Sir George Matthewson once said that a £750,000 bonus would not buy him "bragging power in a Soho wine bar." (Guardian)
Universities most likely to make you rich. (Quartz)
When JPMorgan executives dress like Jamie Dimon. (BusinessInsider)
JPMorgan traders lost money on two days in the fourth quarter. (Bloomberg)
I would suggest scrapping bonuses altogether and introducing a company-wide profit share. It works for John Lewis. (Guardian)
Anshu Jain’s bonus would be more than halved under the bonus cap. (Financial Times)
Stop thinking of UBS as an investment bank, says Bank of America Merrill Lynch. (CityAm)
Stephen Hester is not paid much at all. (Financial News)
Another way of avoiding the bonus cap. (Telegraph)