Executives and Management (Theory) – Page 4

Goldman Sachs’ Marcus Consumer Banking Move Turns Costly

Goldman Sachs will take a big hit from its ill-fated move into consumer banking, even as its other businesses weaken amid an economic slowdown.

The rise in turnover since the pandemic started has a cost in productivity: “It’s taking longer to get stuff out the door.”

The maker of electric cars faces sharp competition, plummeting shares and production woes while its chief executive is preoccupied with Twitter.

Why the Twitter owner’s ruthless, unsparing style has made him a hero to many bosses in Silicon Valley.

His opposition to a union isn’t primarily about the bottom line, friends say. It clashes with his image of Starbucks as a model employer.