Experience Stern | News & Events

Excerpt from Bloomberg -- "'The odds are much, much lower for a bank CEO becoming a billionaire than a guy going to a hedge fund or private equity,' said Roy Smith, a professor at New York University Stern School of Business and a former Goldman Sachs Group Inc. partner who started on Wall Street in 1966. 'The real lucre in this business has always been on the transactional side. The CEOs of Wall Street have to deal with litigation, regulation and the relatively short tenures you have at the top of the pile.'"

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