Hi there! $4 in NYC, and I'm trying to think of what I'd want most in an office after $4 I'd probably go for a private gym and spa or a chef that cooks made-to-order lunches.
Today, we've got stories on $4, $4, and $4
But first, I am serious... $4
If this was forwarded to you, sign up here>$4. Download Insider's app here>$4.
1. I'm leaving on an (old) jet plane.
If there is a senior Goldman Sachs' executive in your life, please keep them in your thoughts and prayers. Turns out the bank won't be getting a new private plane to traverse the globe.
Insider's Dakin Campbell has the scoop on $4 under CEO David Solomon.
You might be wondering why a bank not buying a private plane is a relevant story. Well, Goldman's private planes have been a bit of a lightning rod.
See, it's not so much owning the jets — JPMorgan and Morgan Stanley have them as well — as much as it's how they are used.
As Dakin has previously reported, Solomon has caught some heat for using the company's jets for personal use, $4 (To be sure, this is allowed as long as executives reimburse Goldman for it.)
So as the bank has looked to cut costs this year more broadly, $4
Leading us to Dakin's story about the bank $4, which includes details about the decision. (This plane would have ultimately replaced one of the existing two.)
I will say, I think corporate jets have been unfairly labeled as the poster child for excessive spending at the corporate level. Personal use is one thing, but buying a jet to maximize your time while traveling for business seems like a no-brainer.
Meanwhile, there are plenty of other ways Wall Street wastes money. Corporate suites are perhaps the best example of this. I love sporting events and concerts as much as anybody, but you'd be hard pressed to find a real ROI on any boxes a company owns.
I know these types of tickets are for entertaining clients, and often of part of a bigger sponsorship package, but how effective are they at actually getting more business in the door? Sure, a one-off game or event to bring a prospect too makes sense. But do you really need season tickets? I'm not sure a Knicks-Pistons game in mid-January is going to be the key to closing that big deal of yours.
Am I wrong? If you've actually landed a client or closed a deal specifically because you brought them to a game or show, let me know! I'd love to hear about it.
Perhaps we can discuss the finer details while sitting courtside.
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Curated by Dan DeFrancesco in New York. Feedback or tips? Email ddefrancesco@insider.com, tweet $4, or $4. Edited by Jeffrey Cane (tweet @jeffrey_cane>$4) in New York and Hallam Bullock (tweet @hallam_bullock>$4) in London.