Goldman Sachs Has Started Giving Away Its Most Valuable Software
The bank's new gambit: deploy its technology to win more business from clients
- Justin Baer for Wall Street Journal September 7th, 2016
- Source: http://www.wsj.com/articles/goldman-sachs-has-started-giving-away-its-most-valuable-software-1473242401
From the kitchen table in his Upper West Side brownstone, Michael Dubno recently scratched out from memory the blueprint for the modern Goldman Sachs Group Inc.
The sketches, dashed out on a yellow legal pad, more or less match what Mr. Dubno drew on a white board 25 years ago, in a dusty corner office on the fifth floor of Goldman’s old downtown headquarters: a schematic for a software database that would help the investment bank make billions of dollars in well-timed trades, and sidestep billions more in losses.