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.