Three Goldman bankers leave for Uber as tech world sweeps Wall Street for new hires. Fred Katayama reports.
Ride-sharing company Uber recently lured away three mid-level tech bankers from Goldman Sachs. It's the latest example of the tech world poaching Wall Street for talent. Google parent Alphabet lured away Ruth Porat from Morgan Stanley, where she was CFO. And Alibaba recruited Michael Evans from Goldman, where he was a vice chairman. Bankers are often attracted by the stock options, share grants, and the flexible hours that come with new jobs. For tech companies, having bankers on staff can help smooth the path to an initial public offering and other attempts to raise capital. Goldman has lost so many employees to startups and private equity firms that it's working on promoting junior bankers faster in a bid to retain them.