In the world of high finance, Goldman Sachs features unique internal cultures akin to traditional high school cliques. Teams of bankers resemble preppy elites, researchers and strategists acting as the nerds, and energetic Sales and Trading members giving a jock-like vibe with their locker room-esque trading desk. Added to this mix are privileged 'Chosen Ones,' all forming a complex hierarchy.
Stock lending is a common practice at Goldman Sachs, which enables hedge funds to profitably sell overpriced stocks. The lowering price makes it profitable for them to re-acquire these stocks and hand them back. In this circle of trading, the firm becomes a profitable middleman.
However, the meritocratic image projected by the firm often masks favoritism. Those with the right connections can secure jobs more easily, a reality that deeply contrasts with the firm's stated values. Goldman Sachs isn't as different from the outside world as one might think.
The firm even mirrors societal issues like harassment, with incidents of inappropriate comments about women highlighting the disparity between company ideals and actual behaviour. This raises questions about the firm's commitment towards diversity and inclusion.
The protagonist experiences a strange mix of awe and discomfort at the firm's annual holiday party held at Windows on the World. Despite the lavish surroundings, elegant decor, and extravagant food, they feel out of place amidst all the opulence, like a stranger among their own co-workers.
The spectacle of wealth and extravagance makes the protagonist both disgusted and excited. As they overhear colleagues discussing luxury purchases, they find themselves contemplating their own plans for their bonus, which are comparatively modest and family-oriented.
The party takes a wild turn with drugs and excessive alcohol adding to the revelry. Though they find the display fascinating, rivalling a Broadway performance, the protagonist chooses to observe from the sidelines, questioning if they should embrace this decadent lifestyle or stay true to their roots.
The excess of the firm's party stands in stark contrast to the humble gathering the protagonist attends the next night with their sister. They meet a handsome man named Dan and feel a strong connection, an evening that ends abruptly when their sister falls ill.
Jamie forges a solid bond with Molly, her assigned mentor from the Goldman Sachs' Women's Network. The two Women share a lot in common, providing a firm basis for a strong relationship that enables effective mentorship.
Jamie steps up her game at work, bagging her own clients as the face of Goldman Sachs. She gains traction with small regional retail banks, persuading them to lend stocks to Goldman Sachs, thus marking her first significant accomplishments at work.
While she savours some satisfaction from her job successes, Jamie's heart stirs with uncertainty and an inner craving for a more fulfilling career path. The pressures and expectations define her role, leading to bouts of confusion and fatigue.
In this interesting journey, our lead character grapples with varying advice about her job at Goldman Sachs. On one hand, her high school pals urge her to follow her dreams and quit. On the other, her family insists on the firm's financial security and abundant opportunities.
Amid this career conundrum, she battles personal loss with the death of her beloved grandmother. Yet, she finds solace in Dan's emotional aid, her confidante, and best friend, whom she discovers deeper feelings for.
The thrill of expecting a baby quickly gives way to mixed feelings when Fiore Higgins and her husband Dan learn they are pregnant. Amidst her joy, Fiore is anxious about past health issues possibly affecting her ability to carry a baby.
Even though hearing their baby's heartbeat brought immense relief, a follow-up medical check-up dashes their hopes. The news is grim – the pregnancy is not progressing as it should and the baby's survival is doubtful. Weeks later, Fiore suffers a devastating miscarriage.
Simultaneously handling a stressful job at Goldman Sachs and coming to terms with her heartbreaking loss, Fiore finds herself questioning her ability to balance a high-profile career with motherhood. After revealing her tragedy to her boss Mike, she's unexpectedly promoted to head of the Institutional desk. However, this victory is shadowed by opposition and hostility from demoted teammate Eric.
Fiore is presented with an emotionally taxing predicament when Eric crosses a line. Despite the assault, fear of retaliation and potentially damaging her career stops her from reporting him. Instead, she silently accepts a generous bonus, suspecting that it's hush money to protect Eric.
In this scenario, we're taken behind the curtain of Goldman Sachs. It reveals a work culture where employees thrived on predicting hedge fund moves and benefiting from them. Client relations were crucial, as successes were often toasted with fancy dinners and clinks of drink glasses.
The firm's flashy exterior was tainted by its managerial echelons' poisonous behavior. Key amongst the toxic figures was Mike, the Head of Trading, notorious for his unkind demeaning of his subordinates, breeding a culture of intimidation and insecurity.
In this highly pressurized environment, self-realization occurred when the narrator found themselves questioning their participation and contribution to an unhealthy work atmosphere. This introspection was sparked by an intern's unconventional career decision, ringing the bells of a personal paradigm-shift.
Jamie, our main subject, faces both personal and professional stress. Enveloping her is the prospect of maternity and work pressures. She explores IVF to carry her pregnancy, generously covered by her insurance plan at Goldman Sachs. With twins on the way, she is caught in cyclonic market volatility, fuelled by soaring unemployment and crumbling financial giants.
In the midst of chaos, her team at Goldman Sachs navigates stormy seas, securing cash and sustaining loans. Despite the rocky voyage, the firm survives, but many peers do not. Witnessing layoffs, Jamie is startled by workplace prejudices, including racial slights and homophobia. More surprisingly, a clear slant against women in job security and progression is evident.
Feeling entrapped, Jamie questions her association with a corporation that defines her identity. She observes dubious practices such as hiking hedge fund fees and manipulating minor lenders. The industry's reputation drowns further in public disdain, and Jamie finds herself sympathizing more with protestors outside her firm than with her colleagues inside. But quitting isn't an easy option given the financial certainty her job offers for her blossoming family.
While grappling with the prospect of potential complications concerning her newborn twins, Fiore Higgins continues to feel a strong tie to her job at Goldman Sachs. Despite her ability to take family leave, she feels a pressure to maintain her work connection, fearful of risking her job security.
Finding suitable childcare evolves into a critical concern. Opting for her retired mother as a solution, she also takes on the challenge of breastfeeding, in spite of discouragement from her superiors. Despite being provided with resources for this by her company, her boss remains unsupportive.
Higgins grows into a mentor role for junior women at the firm, fostering close relationships. Yet, witnessing the mistreatment of one of her mentees without the ability to prevent a subsequent resignation leaves her feeling powerless. An inappropriate proposal from her boss and a knockback from a promotion opportunity leads to the reflection on the irony of his advice on professionalism.
The narrator is battling to combine career and family life with three young ones under care. The backbreaking scenario leads to disagreements with the equally strained spouse.
At the peak of frustration and exhaustion, a workmate who gives them attention becomes a standpoint of temptation. Despite knowing it's not right, the narrator indulges in some flirtation with this individual.
The protagonist grapples desperately with her entanglement with Rich and shaky marriage with Dan. Discussing her predicament with Pete, she finds some clarity in his analogy, drawing parallels between the toxic relationship and his debilitating habit of smoking. In spite of her wavering emotions, she decides to sidestep Rich's declarations of infatuation. Her marital life hits rough patches too as Dan's aloofness further exacerbates their relationship.Soon, she reaches tether's end, pouring out her secrets to her mother. Her mother's wise counsel nudges her towards introspection and self-care. She recognizes Rich as a refuge from her taxing work and family obligations. After a heartfelt dialogue with Dan about their relationship's future, she resolves to cut ties with Rich. The protagonist's brave bid to mend her marital ties while dealing with her emotional turmoil forms the crux of this narrative.
The protagonist reveals to Rich that their affair must conclude for the sake of her family's wellbeing. This shocks Rich, who additionally divulged it's his final day at Goldman Sachs.
Relief washes over the protagonist, knowing Rich's absence eliminates any temptation or nagging guilt from past mistakes. As they bid farewell, shockwaves ripple through the team as Justin Lansing's return to helm the desk is announced.
In a heart-to-heart, the protagonist and Pete discuss the situation. She asserts her belief that her marriage remains salvageable. This belief solidifies after her husband accompanies her to a marriage counseling session, showing the first steps toward mending their relationship.
Justin, a co-worker in Silicon Valley, displays sexist and homophobic actions that objectify women. His behavior excludes women from networking opportunities vital in their professional growth.
The boss, Mike, brushes off serious complaints about Justin's behavior. Instead of reacting appropriately, he privileges Justin's protection, undermining the victim's concerns and creating a hostile environment.
Ironically, the yearly appraisal process, which should be fair and unbiased, turns into a weapon. Justin adds people who will purposely award low scores to the victim into her reviewer list.
Lisa Levart and her husband, Dan enjoy a romantic outing at Phillips' Mill. They nurture their relationship by reminiscing some memorable tales. Amidst the fun, Lisa also contemplates a major career decision.
Lisa considers suing her employer, Goldman Sachs. However, employment lawyer Charlie Newton advises to wait a while longer. After discussing with her brother Tony and husband Dan, Lisa decides to stay at Goldman Sachs for two more bonuses.
Lisa confides in her coworker, Pete, about her decision. They form a pact to support each other during their career changes. Additionally, Lisa's personal career coach reinforces that her efforts to change how she is perceived at work will not influence Justin's opinion of her. Feeling marginalized at Goldman Sachs, Lisa acknowledges the end of her tenure there.
Our lead character finds herself at a fancy cocktail party hosted on a rooftop terrace. Surrounded by a crowd of illustrious women, she feels like she doesn't fit in. But she quickly realizes that she has a freedom that those still working there can't seem to grasp.
Despite the gleaming exterior, soul-sapping competition and scant regard for diversity color the company culture. The woman herself has been part of this unfair system, contributing towards the often harsh and exclusionary environment.
A revelation hits her; she's pregnant. This brings both joy and a blanket of fear. The baby is a symbol of change in her life. Despite all the uncertainty, she knows she needs to exit the corporate world to prioritize her expected family.
Jamie's health suffers due to an unfortunate miscarriage. Despite facing physical struggles, she manages to communicate this with the office, encountering a lack of understanding from her boss, Justin. While her other colleagues are unable to provide support, she spends her recovery time reflecting on her work-life stress.
Undeterred by these challenges, Jamie returns to work faster than expected, despite warnings from her loved ones. On returning to work, she experiences disappointing reactions from her boss, and serious health repercussions. However, she remains undaunted, deciding to reclaim control over her life.
Determining to focus more on her wellness, Jamie begins lifestyle changes and regular health checkups. During these health visits, she discovers she is pregnant again. An emotional experience ensues as she and her partner, Dan, happily welcome this unexpected news.
Our central character is dealing with mixed emotions during her maternity leave. She is conflicted about work, especially knowing that Pete, the coworker left in charge, is finding the role challenging. However, she's determined to go back and secure her last bonus.
Back at work, she experiences both excitement and worry about breastfeeding Hannah after missing out with her other kids. She also feels the pressure to make Goldman accountable upon receiving a pamphlet from HR about returning to work.
Challenges arise when Justin, her boss, sends her to a conference right after her leave ends. She struggles with guilt about leaving her family, faces dismissive comments for being a working mom, and deals with a pump malfunction.
The return to work also brings unwelcome mockery over breastfeeding. However, our protagonist displays unyielding resolve. When she receives an insincere gift from her harassers, she decides to display it as a mark of her tenacity.
Our main character wakes up to a nerve wrecking reality - she needs to bid farewell to Goldman Sachs. The fear and anticipation is palpable, and a strange sense of loyalty to Goldman Sachs continues to grip her.
In a poignant conversation with her partner, Dan, she reveals how she's struggled fitting in at Goldman. The concept of someone leaving their job for their family is practically unheard of at Goldman Sachs.
Pete, her co-worker and close friend, astonishes her with his anger upon receiving her resignation. She is left hurt and confused, seeking consolation with Dan, trying to understand Pete's spiteful reaction.
In stark contrast to Pete's reaction, her boss Justin, appears surprisingly pleased with her decision to leave. What confounds her more is Pete's cryptic behavior thereafter; total avoidance of her, followed by his own resignation, leaving her bereft of her best friend.
Fiore Higgins' new journey begins with euphoria and apprehension as she embraces her fresh role as a full-time mother. However, her organized plans promptly derail when her kids fall sick, and she goes through a challenging phase dealing with messes and tantrums.
Initially, Fiore questions her choice to quit her prestigious job at Goldman Sachs and feels desolate. However, upon more profound reflection, she identifies her skills as a significant contributor to her success at work.
Gradually, Fiore adjusts to her role, finding joy in her children's growth and shared moments. Upon sorting through remnants of her past job, she gains assurance in her decision to leave, feeling content in her new life.
Fiore Higgins argues that the culture in financial behemoths, such as Goldman Sachs, needs a shake-up. Although there's less overt discrimination, the underlying issues remain unresolved. Solutions such as a gap-bridging between executives and managers, a zero-tolerance stance on discrimination, and setting diversity goals are proposed by Higgins.
To ensure the success of inclusivity, tracking the careers of diverse individuals is paramount. Implementing a 'Guardian Angel' program could aid the success of such employees. Higgins drives home the point that change within each individual is essential for corporate transformation.
A windfall bonus from Goldman Sachs induces a swirl of guilt rather than joy or satisfaction. Sharp awareness of the vast income disparities in society needles the conscience as the money earned surpasses that of a cleaner by forty times, a teacher by twenty times, and a doctor by ten times.
Goldman Sachs, an illustrious name in finance, ironically upholds a regressive work culture. Racism, sexism, and intolerance are deeply ingrained in the workplace, and they polarize its environment.
An epiphany encourages a departure from Goldman Sachs. The newfound clarity emphasizes the necessity of prioritizing family and well-being over financial success. The focus shifts from cordoning-off in the toxic work culture to cherishing priceless moments with the children, thus enhancing personal happiness and fulfillment.
Wall Street Trials and Triumphs
Intense Introduction to Wall Street
Stepping into the intimidating world of Wall Street, Jamie Fiore finds herself out of her element. The intense and competitive training at Goldman Sachs feels overwhelming for one of the few female trainees. Amid the high expectations and rigid rules, she feels a comforting connection with a fellow outsider, Taylor Hughes.
Misfit in a Lavish Setting
Despite her unease, Jamie becomes an active participant in the extravagant networking events. However, these encounters only deepen her feelings of displacement. Her unfamiliarity with her peers' casual engagement in drug use and unattached relationships cements her discomfort and sparks a debate within her. Deep down, she begins to question the choices that led her here.
Achievements Amid Self-Doubt
Despite her self-doubt, Jamie displays an undeniable knack for her newfound field. She emerges as a top-performer among the trainees. Her successes, though rewarding, don’t resolve the dissonance within her. She realizes she's still far from the life she truly desires, throwing her deeper into the conflict between her values and her current path.