![]() But the leagues can’t have it both ways,” said Jodi Balsam, who teaches sports law at Brooklyn and NYU law schools. “One defense to going for the money is that sports shouldn’t be about politics. What didn’t change: It was never about anything else. What changed for Monahan, like so many other sports pooh-bahs before him, was the opportunity to wet the tour's beak in Saudi billions. ![]() And this does seem to be much the same thing,” said Matthew Mitten, a sports law professor at Marquette University. ![]() It’s frightening some of the things have occurred.’ But for the right amount of money, he decided he’s going to join the LIV Tour. “Phil Mickelson initially said, ‘Oh, my God. So when the PGA Tour overcame its indignation and agreed to merge with LIV Golf - despite the human rights abuses of its Saudi Arabian backers - the flip-flop followed a long-established tradition in sports of flexible attitudes that often hurtle into full-blown hypocrisy. Now schools boast of booster collectives that help recruit top talent to their teams. The NCAA railed for decades that paying players would destroy college sports, all while raking in billions off of their unpaid labor. Now MLB itself and almost all of its teams have official casino sponsors. It's also hired James Wheatcrof, a small and mid-cap equities analyst (travel and leisure) from Jefferies.Major League Baseball was once so concerned about gambling it banned Hall of Famers Mickey Mantle and Willie Mays just for working as casino greeters. Citigroup has recruited Didier Sarpong, a former FX salesman who has escaped Barclays' investment bank. Notably, however, Goldman has also shifted two New York-based bankers (Thomas Munk and Jonathan Stevens) to London, and has moved one agricultural trader (Kay Wee Tan) from Singapore, suggesting internal 'talent migration' is still a thing.ĭespite it being August, there's also been a bit of hiring elsewhere. Is this indicative of a new trend in which Goldman hires talent in from external sources (as opposed to growing it internally)? The bank declined to comment. ![]() In the past few months, it's also hired Paul Coles, an ex-Deutsche Bank and Lehman Brothers special situations banker and Jonathan Stevens, an oil trader from Morgan Stanley. They include Jan Janssen, a former director in BAML's real estate team, Usman Naeem, a former vice president in BAML's equity derivatives team, and Pushkar Jha, a former associate on BAML's rates trading desk.īank of America hasn't been Goldman's only hunting ground. Two hires don't make a torrent, but Goldman's also hired a few other BAML bankers this summer. Goldman has also hired Lawrence Hume, an equity derivatives trader who left BAML after two years in July. The Financial Conduct Authority register reveals that Goldman has brought in Roger Clark, a futures and options salesman who spent over a decade at Bank of America Merrill Lynch. Now it looks a little like Goldman Sachs might be getting its own back: it's been hiring a few people from Bank of America Merrill Lynch (BAML). When you left Goldman, BofA was the place to go. Ex-Goldmanite Thomas Montag hired in people like Sanaz Zaimi and William Roberts. There was a time, not long ago, when a lot of the jobs at Bank of America seemed to be going to ex-Goldman bankers.
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