The one thing missing from Euny Hong’s wonderful dive into the all-night adventure that is the Goldman Sachs (GS) scavenger hunt is an explanation of what, to any Goldman type, is surely the most interesting bit of all: the finances.
Hong does tell us that there were 20 teams, made up mostly but not entirely of some 180 Goldman Sachs employees, and that after paying $270,000 in expenses, they raised $1.4 million for charity. So, each employee ponied up about $9,300, of which about $7,800 was tax-deductible, right? Of course not. This thing was structured by a Goldman partner, Elisha Wiesel, so it was obviously much more complicated than that.