Business Insider has obtained an internal email sent to senior executives at Goldman Sachs, where Jim Esposito announced his intention to retire.
US financial giant Goldman Sachs announced on January 29 that Jim Esposito, one of the three co-heads of Global Banking & Markets, will be retiring.
In an internal email sent to a partner (a senior executive whose salary is said to be approximately $1 million) that was independently verified by Business Insider, Esposito reflected on his nearly 30 years at Goldman and expressed his desire for the next step in his career. I showed you.
In an email, he revealed that he was starting to feel anxious (due to staying at Goldman) and decided to step down because he felt he needed a change of pace.
“The end of the year is a time for reflection. After 29 unique and special years at Goldman, I have come to the conclusion that now is the right time to say goodbye.
Lately, I’ve been feeling like I’m just doing assembly line work, not following something engraved in my DNA, or even following what the special workplace of Goldman requires. “
Mr. Esposito joined the company in 1995. He was promoted to partner in 2006 and has also served as co-chair of the partnership committee since 2021.
As a member of the management committee selected by CEO David Solomon, he participated in the formulation of Goldman Sachs’ management strategy and decision-making, and was seen as one of the leading candidates to become the next CEO.
The company is one of the most powerful financial institutions representing U.S. Wall Street, and members of the management committee are often transferred to top management positions at other investment management companies, selected for important positions in the government, or held major roles after leaving office. There are also many.
But when it comes to Mr. Esposito, it appears he has no such plans.
“I haven’t officially decided to do this next. After decades of giving it my all, having a clean slate now feels like the ultimate luxury.
When you reach a crossroads, it’s important to stop and reconsider the path you’ve taken up until that point.
He also reflected on his interactions with some interesting figures from the worlds of finance and popular culture.
“I now have fond memories of working with some of the legendary figures I’ve worked with as clients, from Buffett to Beckham.”
Warren Buffett, a well-known figure in the financial industry and head of Berkshire Hathaway, one of the world’s largest investment companies, has also participated in “Talks at GS,” an interactive event hosted regularly by Goldman. )” Soccer legend David Beckham, whom Esposito interviewed a few years ago, was also mentioned.
Recorded video of Mr. Esposito interviewing Mr. Beckham at a dialogue event sponsored by Goldman in January 2018.
As for what’s next for his career, Esposito notes that while he has had some success through diverse experiences (including a stint as an executive at Goldman), opportunities for new changes are slowly fading away. Showing his greed, he writes:
“As we live in a world where innovation is accelerating at an almost mind-boggling pace, we feel a strong desire to take on new adventures.”
He concluded his message to partners as follows:
“Keep winning, because results are the only thing that defines (or defines) who we are. I will continue to fight as a Goldman Sachs guy.”
[Original text]
(Translation, editing, supplementary information: Chikara Kawamura)
Source: BusinessInsider
Emma Warren is a well-known author and market analyst who writes for 24 news breaker. She is an expert in her field and her articles provide readers with insightful and informative analysis on the latest market trends and developments. With a keen understanding of the economy and a talent for explaining complex issues in an easy-to-understand manner, Emma’s writing is a must-read for anyone interested in staying up-to-date on the latest market news.