Goldman Sachs is the anti-Softbank

[Gunnar Larson]

Goldman Sachs is the anti-Softbank: Its corporate slides, rather than lying
somewhere in the uncanny valley
<https://link.axios.com/click/30732193.593426/aHR0cHM6Ly93d3cuYXhpb3MuY29tL25ld3NsZXR0ZXJzL2F4aW9zLWVkZ2UtNGYxNzQwMDEtOGJjYy00OTBiLTkyYTctMjcxZWIwNzgwOGUyLmh0bWw_Y2h1bms9NiZ1dG1fdGVybT1lbXNoYXJlJnV0bV9zb3VyY2U9bmV3c2xldHRlciZ1dG1fbWVkaXVtPWVtYWlsJnV0bV9jYW1wYWlnbj1uZXdzbGV0dGVyX2F4aW9zbWFya2V0cyZzdHJlYW09YnVzaW5lc3Mjc3Rvcnk2/62155aad577a4801a449ec18B702f1419>
between
genius and deranged, sometimes seem as though they're an entry in a contest
for sheer emptiness.

Why it matters: Goldman is going through something of an identity crisis at
the moment and is placing a large bet on reinventing itself as an asset
manager
<https://link.axios.com/click/30732193.593426/aHR0cHM6Ly93d3cuY25iYy5jb20vMjAyMy8wMi8yOC9nb2xkbWFuLWNlby1kYXZpZC1zb2xvbW9uLXNheXMtYXNzZXQtbWFuYWdlbWVudC1pcy10aGUtbmV3LWdyb3d0aC1lbmdpbmUuaHRtbD91dG1fc291cmNlPW5ld3NsZXR0ZXImdXRtX21lZGl1bT1lbWFpbCZ1dG1fY2FtcGFpZ249bmV3c2xldHRlcl9heGlvc21hcmtldHMmc3RyZWFtPWJ1c2luZXNz/62155aad577a4801a449ec18B19a67d83>.
In doing so, however, it seems to have removed most if not all of its
institutional personality.

For the record: Goldman's investor day presentation
<https://link.axios.com/click/30732193.593426/aHR0cHM6Ly93d3cuZ29sZG1hbnNhY2hzLmNvbS9pbnZlc3Rvci1yZWxhdGlvbnMvaW52ZXN0b3ItZGF5LTIwMjMvaW5kZXguaHRtbD91dG1fc291cmNlPW5ld3NsZXR0ZXImdXRtX21lZGl1bT1lbWFpbCZ1dG1fY2FtcGFpZ249bmV3c2xldHRlcl9heGlvc21hcmtldHMmc3RyZWFtPWJ1c2luZXNz/62155aad577a4801a449ec18Bcefed49e>
features
slides with titles like these:

   - "Committed to Deliver on Our Medium-Term Targets"
   - "Intensely Focused on Executing on Our Key Priorities"
   - "Breadth and Depth Across Various Dimensions"

The winner, however, has to be this one:

   - "Platform Solutions: Innovative Platforms Delivering Solutions to
   Clients"

Between the lines: "Platform Solutions" is the hollow name bestowed upon
Goldman's troubled consumer-banking operation. (If you have an Apple Card,
you're a customer.)

   - CEO David Solomon seems highly reluctant
   <https://link.axios.com/click/30732193.593426/aHR0cHM6Ly93d3cuY25iYy5jb20vMjAyMy8wMi8yOC9nb2xkbWFuLWNlby1kYXZpZC1zb2xvbW9uLXNheXMtYXNzZXQtbWFuYWdlbWVudC1pcy10aGUtbmV3LWdyb3d0aC1lbmdpbmUuaHRtbD91dG1fc291cmNlPW5ld3NsZXR0ZXImdXRtX21lZGl1bT1lbWFpbCZ1dG1fY2FtcGFpZ249bmV3c2xldHRlcl9heGlvc21hcmtldHMmc3RyZWFtPWJ1c2luZXNz/62155aad577a4801a449ec18C19a67d83>
to
   give a straight answer to the question of whether or not it's going to be
   sold, in the wake of billions of dollars in losses.
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