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Technology Stocks : Investing in Exponential Growth
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From: Paul H. Christiansen9/26/2018 9:43:12 AM
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Goldman Sachs Wants to Be a Tech Company. Here’s Why It Won’t Be Easy

Goldman Sachs has increasingly positioned itself as a tech company as nimble startups nip at its heels. But here’s what may hold it back: It’s fundamentally different from the younger Silicon Valley competitors.

That’s according to Edith Cooper, who left her position as Goldman’s global head of human capital management in 2017. She spent over two decades at the firm, where she would later be known for reforming Goldman’s hiring process and emphasizing diversity.

Cooper’s focus has since shifted elsewhere, to a faster-paced environment: Silicon Valley. In February, two months after leaving the bank, Cooper joined the board of messaging company Slack. She also joined the board of Etsy, the handmade goods online marketplace, in March.

“The difference is that [Goldman] is in more of a position to be disrupted, versus Slack is in a position to really disrupt and change the way people work,” said Cooper, speaking alongside Slack CEO Stewart Butterfield at the FortuneBrainstorm Reinvent conference in Chicago Monday. “[Slack’s] growth mindset…quite frankly puts someone on the fronts of their feet because if you don’t do it, you won’t survive. It’s not about survival at Goldman Sachs. It’s about continuing to enhance and move forward.”

Read More - Fortune
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