Thursday, January 12, 2012

Goldman Vets Exit as Trading Struggles

In a surprising shake-up, two of the four execs in charge of Goldman Sachs Group Inc.'s securities division will leave the company as it struggles with a downturn in its huge trading operation, the Wall St Journal writes.

The New York firm disclosed the exits in internal memos Wednesday, without specifying the reason. David B. Heller and Edward K. Eisler will retire from Goldman after working there for 22 and 18 years, respectively.

Mr. Heller, 44 years old, and Mr. Eisler, 42, were among the youngest members of the company's powerful management committee, which includes Goldman Chairman and Chief Executive Lloyd C. Blankfein…..

More? Check out http://online.wsj.com/article/SB10001424052970203436904577154970494735222.html?mod=WSJ_hp_LEFTWhatsNewsCollection

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