Lloyd Blankfein smells blood in the water.
The New York Post reports that the Goldman Sachs CEO is taking dead aim at Morgan Stanley’s most prized assets - its best and brightest employees - after his rival decided to defer pay for senior bankers.
The CEO’s talent hunt is continuing, the newpaper's sources said. Goldman currently is in selective talks with other Morgan Stanley bankers and has also lured a handful of traders from the bank.
The classic Wall Street maneuvering comes months after Morgan Stanley told some execs it would defer pay, including their cash bonuses, over three years - a move that caused some bankers to grouse.
'People who you thought wouldn’t consider moving are now at least taking our calls', said one source.
People familiar with Goldman’s hiring say that the bank has hired about half a dozen Morgan Stanley employees and is in serious talks with another half-dozen.
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