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Search resuls for: "Joe Duran"


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☆ Wall Street is loving AI while Big Tech is warning employees about how they use it
  + stars: | 2024-02-23 | by ( Dan Defrancesco | ) www.businessinsider.com   time to read: +7 min
In today's big story, we're looking at Wall Street's love affair with Nvidia (and AI) while Big Tech still grapples with how to use the tools . Since Nvidia's GPUs sit at the center of the AI revolution, the company's success suggests the hype around the tech is warranted. One issue is bias showing up in AI tools . AdvertisementInternal documents show that Amazon is warning its employees not to use third-party generative AI tools for work , BI's Ashley Stewart and Eugene Kim report. It's an interesting acknowledgement of the risks involved with using AI tools — especially when Amazon is pitching its own chatbot to customers .
Persons: —, It's, Michael M, Tyler Le, it's, Matthew Fox, Wall, Jensen, Kathleen Brooks, XTB, BI's George Glover, Chelsea Jia Feng, — ChatGPT, Monica Melton, BI's Ashley Stewart, Eugene Kim, Paul Morigi, Jenny Chang, Rodriguez, Goldman, Joe Duran, Jensen Huang, Huang, Reddit, Sam Altman, Elon Musk, Gemini, isn't, RJ Scaringe, Rivian, Scaringe, Steve Conine, Niraj Shah, Lucas Jackson, Wayfair, Bruce Dixon, they'd, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover, Grace Lett Organizations: Service, Nvidia, Big Tech, Getty, Nasdaq, Nikkei, GameStop, SEC, CNBC, EV, Warner Bros Discovery Inc, Hyatt Hotels Locations: Paul, New York, London, Chicago
☆ Goldman Sachs bought Joe Duran's wealth business and sold it 3 years later. The ex-partner spills on leaving, his new venture, and 'not living up to everything possible.'
  + stars: | 2024-02-22 | by ( Hayley Cuccinello | ) www.businessinsider.com   time to read: +6 min
Three years prior, he had sold United Capital, a registered investment advisor, to Goldman Sachs for $750 million. Duran's mandate was to run United Capital as well as Ayco, the bank's workplace financial planning unit. Finding his next mountain to climbDuran described his time with Goldman Sachs as "a fantastic experience in almost every way." In working for nine months on that strategy, he realized how much the industry had changed since he sold United Capital in 2019. "He has been a good partner at Goldman Sachs, and we're excited to cross paths with him again soon."
Persons: —, Joe Duran, Goldman Sachs, David Solomon's, Duran, wasn't, Julian Salisbury, Dina Powell, McCormick, Goldman, it's, I've, United Capital Duran, Joe, Tucker, There's Organizations: Service, United Capital, Business, Goldman, Growth Partners, Ritz, Carlton, Westin, General Electric
☆ Since David Solomon became Goldman Sachs CEO, more than 85 partners have left. See the running list here.
  + stars: | 2023-05-30 | by ( Carter Johnson | Dakin Campbell | Emmalyse Brownstein | ) www.businessinsider.com   time to read: +6 min
David Solomon has been Goldman Sachs' CEO for over four years since succeeding Lloyd Blankfein. There's been a lot of talk about the morale at Goldman Sachs. Solomon said there were fewer "partner transitions at Goldman Sachs" in 2022 than any year "going back to 2014." Meanwhile, Solomon's expensive foray into consumer banking raised the ire of some longtime Goldman partners, as Insider has previously reported. The fresh faces among the Goldman Sachs executives who took the stage at the bank's investor day highlight the leadership changes under Solomon.
☆ Since David Solomon became Goldman Sachs CEO, more than 80 partners have left. See the running list here.
  + stars: | 2023-03-03 | by ( Carter Johnson | Dakin Campbell | ) www.businessinsider.com   time to read: +6 min
David Solomon has been Goldman Sachs' CEO for more than four years since succeeding Lloyd Blankfein. There's been a lot of talk about the morale at Goldman Sachs. In reality, Solomon said, there were fewer "partner transitions at Goldman Sachs" in 2022 than any year "going back to 2014." "At the moment, year-to-date, our turnover is at a 5-year low, not just for partners, in the whole firm," Solomon added. Here is a running list of Goldman's partners that have retired from the firm — or moved on to roles at other companies — since Solomon became CEO.
☆ Harvey Schwartz has his work cut out for him at Carlyle. Here's why.
  + stars: | 2023-02-08 | by ( Dan Defrancesco | ) www.businessinsider.com   time to read: +5 min
But first, a Wall Street firm finally finds its CEO. Harvey Schwartz Goldman Sachs1. In many ways, Carlyle and Harvey Schwartz are perfectly imperfect for each other. Might as well call it "Carefree Carlyle," because that's the vibes I'm getting under the soon-to-be Schwartz era. Click here to read more about what'll be expected of Harvey Schwartz as CEO of Carlyle.
☆ Some Goldman Sachs partners want to tell the board about their concerns over CEO David Solomon
  + stars: | 2023-02-08 | by ( Dakin Campbell | ) www.businessinsider.com   time to read: +15 min
A decline in morale at the Wall Street firm concerns some Goldman partners. Here are their concerns about CEO David Solomon, who addressed the partners in Miami. CEO David Solomon addressed Goldman Sachs' partners today at the firm's annual partners meeting in Miami. There's little history for Goldman partners taking their concerns directly to the board. Since then, according to someone who has spoken to investors, more shareholders have questioned how long Solomon can last as Goldman's CEO.
☆ Fed Rate Hikes Mean ‘Fantastic’ Savings Rates. Are You Still Earning Less than 1%?
  + stars: | 2022-12-14 | by ( ) www.wsj.com   time to read: +7 min
A series of rate hikes from the Federal Reserve—including a 0.5 percentage point increase on Wednesday—has left its benchmark federal-funds rate rate in a range of 4.25% to 4.5%, the highest level seen in 15 years. “Savings rates right now are fantastic,” says Joe Duran, co-head of Goldman Sachs Workplace and Personal Wealth. “Banks want to be competitive, so when Fed rate increases happen, they are usually quick to increase savings rates,” says Duran. Where Savings and CD Rates Are Headed NextWith interest rates steadily increasing, the key question for savers becomes: Should I lock in rates now, or wait for even better offers? In fact, the average savings rate nationally is only 0.24%, according to the Federal Deposit Insurance Corp—quite paltry considering where the Fed rate is.
☆ Dozens of Goldman Sachs partners have departed the bank since David Solomon became CEO. See the running list here.
  + stars: | 2020-02-27 | by ( Carter Johnson | Dakin Campbell | ) www.businessinsider.com   time to read: +6 min
David Solomon has been Goldman Sachs' CEO for more than four years after succeeding Lloyd Blankfein. There's been a lot of talk about morale at Goldman Sachs. In reality, Solomon said, there were fewer "partner transitions at Goldman Sachs" in 2022 than any year "going back to 2014." "At the moment, year-to-date, our turnover is at a 5-year low, not just for partners, in the whole firm," Solomon added. Here is a running list of Goldman's partners that have retired from the firm — or moved on to roles at other companies — since Solomon became CEO.
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