We spent five minutes (literally one lap) driving through the parking garage at Cheung Kong Center, home of Goldman Sachs Asia, and here are just a few of the highlights.
The premise is more light-hearted and whimsical than it is literal exposé – I have no idea who these cars actually belong to. Although Goldman Sachs is the largest occupant in Cheung Kong, other tenants include Jefferies, RBS, BlackRock, and of course, Li Ka Shing, who has an indoor pool and private garden on the top floor.
The amazing thing is that, as is customary in the region, most senior bankers are chauffeur driven (a Filipino driver costs a mere $US1,500 a month), so this isn’t even the most accurate (or ostentatious) reflection of reality.
Just to put this article into perspective, you need to understand how much more expensive luxury cars are in Asia. According to Mercedes Benz, a new S600 sedan that runs $US166,900 in the US will set you back $US386,000 in Hong Kong — or 21 years of servitude for a Pilipino chauffeur.
“The tradition of individual philanthropy remains a core tenet of our culture.” – Goldman Sachs
Ferrari 612 Scaglietti
“This is a sensitive time for us, and (the firm) wants to make sure that we’re not being seen living high on the hog.” – Anonymous Goldman Sachs employee (via New York Post)
Tesla Model S
“We’ve got banks like Goldman Sachs ready to invest billions in renewable energy.” – Barack Obama
Aston Martin V8 Vantage S
“One of the great things about Goldman Sachs is that it allows individuals to be who they are.” – Gary Cohn
Ferrari F12 Berlinetta
“The people of Goldman Sachs are committed to assisting those in need and the communities around the world through volunteer endeavors and partnerships with nonprofit organizations.” – Goldman Sachs
“We take seriously our responsibility for environmental and social stewardship and are committed to leveraging our people, capital and ideas to further effective market- based solutions that help address critical environmental issues.” – Goldman Sachs
Ferrari 458 Speciale
“(We are told that) nobody should be able to identify us as Goldman employees once we leave the office.” – Anonymous Goldman Sachs Analyst (via New York Magazine)
“Is it possible to make too much money, to have too much ambition, to be too successful? As the guardian of the interests of the shareholders and, by the way, for the purposes of society, I’d like (my employees) to continue to do what they are doing. I don’t want to put a cap on their ambition. It’s hard for me to argue for a cap on their compensation.” – Lloyd Blankfein