Goldman Sachs succeeds by hiring people driven by public service and influence, not just money. The firm keeps top performers and lets others go to make room, and many employees eventually leave for government roles at the height of their careers.
Why do you think Goldman Sachs does better than everybody else? Because we recruit and hire the best people and more importantly because we retain them. And the reason why we retain them and the reason why we get the best people is because we get people who are really interested in doing something that they think is good for the public, for the world they're in. If you look at the people we get a kind of person at Goldman Sachs who really wants to be an influential person who wants to do something that's important. The people that we have would like to do well for themselves also. But most of them at the height of their careers go into public service not just in the U.S. but all around the world, not just at the top of the firm but in the middle of the firm. We hire the right people and retain the right people and at certain times lose the right people and make room for other right people to come in.
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