Goldman Sachs' M&A team operates under a similar mandate, albeit with a few more zeros.
Why bother stressing over 10 $1 billion deals when you can just do a $10 billion deal?
It's not just the M&A market that's facing issues.
The bank has held the top spot on the year-end M&A league tables for decades, but it is hearing footsteps.
More on Goldman's M&A strategy amid an industry drought.