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by crag 5204 days ago
"Something happens to companies as they get larger, where the culture of a company starts dying from a death-by-a-thousand-cuts, ..."

Goldman (or Google) is no where near death. But Goldman is still in crisis mode. The primary focus now is profit margin. making money for you and your clients isn't the point any longer. It's your position that matters. But Goldman, used to award your bonus not just based on your position. They used to survey your clients. And their opinion mattered. Not sure if they still do this. I haven't worked in Wall Street since 1996.

And Goldman isn't the only firm in this position, by the way.

And Google is sort of in the same place. FB scares the hell out of them. And instead of innovating (and taking risks) they copy.

Google and Goldman are blinded now. They can't see beyond their own models.