Headquarters: 200 West St.
The Goldman Sachs Group is a leading global investment banking, securities and inve stment management firm that provides a wide range of financial services to a substantial and diversified client base that in cludes corporations, financial institutions, governments and high-net-worth individuals.
Goldman Sachs' business activities are divided into four segments:
Many prominent people in the financial world have worked at Goldman Sachs including Robert Rubin, former Treasury Secretary, John Thain, current Chairman of the New York Stock Exchange, and Jim Cramer, host of CNBC's Mad Money. Cramer was a trader at Goldman.
In 2015, Goldman Sachs reported revenues of $33.8 billion, a 2% decline from the previous year. Investment banking produced net revenues of $7.03 billion, the second highest ever. Investment Management generated record net revenues of $6.21 billion. Net income was $6.08 billion.
The company ranked No. 1 in the world for completed acquisitions and mergers for the year. Goldman advised on completed transactions valued at more than $1 trillion.
The company has offices in over 30 countries and half of employees were based outside of North and South America.
Compensation and benefits expenses (including salaries, discretionary compensation, amortization of equity awards and other items such as benefits) were $12.68 billion for 2015, essentially unchanged from the previous year. Goldman Sachs employees are among the best paid in the nation due to annual bonuses.
The firm was founded in 1869 when Marcus Goldman set up a commercial paper dealership in New York. He was joined by his son-in-law, Samuel Sachs, in 1882. The company would play a lead role in the market for Initial Public Offerings in the 1900s.
Goldman Sachs went public on the NYSE in 1999.
In September 2008, Goldman Sachs converted into a bank holding company so it could accept deposits from bank customers. The move will mean more regulation from the Federal Reserve and also reduces risk from using leverage.
Goldman Sachs moved its headquarters in January 2010 to a new state-of-the-art 43-story building on West St. in Manhattan.
Employees receive year-end bonuses based on salary and company performance.
The firm offers 401(k) plan with matching contributions.
Company vacation policy is based on level and years of service. This includes the nine widely recognized US public holidays and three floating holidays to be used for personal time, religious observance, or other special occasions. Most US employees will start with an additional three weeks vacation allowance.
The company offers on-site health centers in New York, New Jersey and Salt Lake City offices. The New York and New Jersey centers additionally provide primary care, women's health, orthopedics/physiatry, dermatology, physical therapy and prescription drug delivery.
The company provides 16 weeks fully paid maternity leave which includes four weeks of parenting leave at full pay if the employee is the primary caregiver (four weeks for a non-primary care giver). They also provide fully paid adoption/surrogacy leave of up to 16 weeks.
Employees are eligible for one additional week of vacation during the year that they marry (or register a domestic partnership).
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