Goldman Sachs Headhunts Paul

Goldman Sachs Eyes Paul
By Sefal Opod – July 8th, 2010, 4:32PM

$4 Million p.a. Package on Offer

NEW YORK, NEW YORK–Top US Investment Bank Goldman Sachs is said to be offering a US$4 million per year package for the Paul the Oracle Octopus to head up its proprietary trading book.

Goldman will convert part of its trading floor in its New York Headquarters into a fish tank for Paul and put boxes representing different markets, stocks, indices, equities and bonds for Paul to choose from. They hope this will translate into more profitable business from them. Paul will work closely with the Head of Global Strategy to recommend asset allocation strategies.

Also the rounds is a rumour that Merrill Lynch are bidding for Paul to replace their entire research team.

Comments

TK said…
Crazy!
yokbee said…
It's a crazy world.
Gamelion said…
LOL! U know very well that all those
stock prediction made by the equities house researchers/majority of the (anal)ysts are worse or no better that the random prediction
abilities of an animal. Fortunately
most of the research analysts r being paid very well for such a grossly overrated talent which can be simply & cheaply done by an animal.
Victor Liew said…
They're way too late. Paul is now gainfully employed.

http://bit.ly/aQ79Xp

For fun comment on the photo.

Apparently a parakeet in Ampang got it right too. Any takers? I can do the intro - for a fee. LOL
Heng said…
To paraphrase Sherlock Holmes, as long as there is the slightest mathematical possibility - anything is probable ... including having a chimpanzee reproduce the entire works of Shakespeare. It's just that you do hope that when you pay more than peanuts you get more than monkeys. But then again ... Sell on hope ... Buy on panic.
Just shows how much faith they have in their human traders.....would make me feel a bit low that an octopus is going to be my boss. Chances are its a marketing ploy more than anything.....plus things must be going ok if Goldman's can splash out $4 million a year for it.