Goldman Sachs 2001 Annual Report Download - page 17

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We make an unusual effort to identify and recruit the very BEST PERSON for every job.
Although our activities are measured in billions of dollars, we select our people one by one.
In a service business, we know that without the best people, we cannot be the best firm.
PINE STREET
As Goldman Sachs has dramatically
increased the size and global scope of its
operations, we have sharpened our focus
on recruiting and developing leadership
talent. To serve evolving client needs and
to better meet the demands of our growth,
we established a leadership training initia-
tive called Pine Street. Pine Street is dedi-
cated to strengthening the culture of the
firm, enhancing the success of Goldman
Sachs and its clients, and developing world-
class leadership and management talent.
Distinguished businesspeople, noted
academicians and the firm’s own leaders
serve as faculty. Pine Street combines for-
mal classroom experiences with extensive
mentoring and coaching to establish a
common language and skill set of leader-
ship throughout the firm.
page 15
6
PRINCIPLE NO.