Late summer often sees news stories gather more attention than they might deserve. The departure of a group of six junior bankers from Goldman Sachs in August provided an example of this, as it was hailed by a New York tabloid as a “wave” of workers quitting “en masse” from a “toxic Wall Street giant.”
An insider at Goldman dismissed the report as “highly sensational and overblown”, adding: “There’s always natural turnover around bonus season [for trainee bankers] and this small number of departures is par for the course.
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