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Goldman Sachs has a plan to combine five investing teams into a single alternatives unit. This plan has been doubted internally and has led to interesting drama within the firm.


  1. Who is Goldman’s CEO who announced this plan?
  2. Why is this move important to outside investors?
  3. Why is the debate centering around Goldman’s two most profitable units?
  4. What are these units?
  5. Explain the sentence in the article: ” The CEO wants to take advantage of the growth in alternatives, but to do so means moving away from the limitations of Goldman’s balance sheet.” 


Campbell, R. (2019). Goldman Sachs execs are jockeying for power in the firm’s big new private investing unit — and the stakes couldn’t be higher. Business Insider, July 15 (Retrievable online at