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University v. Wall Street

From “The Rage of the Privileged Class,” in New York magazine.

I asked [a Goldman Sachs veteran] what will happen if Congress succeeds in regulating compensation. “These guys will not work on Wall Street,” he says flatly. “People go to Wall Street out of greed. When I was interviewing for jobs, frequently some form of the question came up: How much do you want to make money? If my answer was something like—and it wasn’t—but if my answer was, ‘I’m here for intellectual betterment,’ their response might have been, ‘University is a great place for you.’ They want people who think ‘I’m greedy, I want to be a billionaire.’ That was viewed as a really good thing.”

Margaret Soltan, April 20, 2009 3:38PM
Posted in: intellectuals

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