Goldman Sachs Has Reduced Its Drinking Cups by Two Ounces

By
Lloyd Blankfein, chairman and chief executive officer of Goldman Sachs Group Inc., listens during a speech at the CARE conference in Washington, D.C., U.S., on Wednesday, March 9, 2011. Blankfein agreed to be a prosecution witness in Galleon Group LLC co-founder Raj Rajaratnam's insider trading trial this week, said a person briefed on the matter. Photographer: Andrew Harrer/Bloomberg via Getty Images Photo: Bloomberg/2011 Bloomberg

The reduction, from twelve ounces to ten ounces in the New York headquarters, is a cost-cutting measure that follows the shocking recent news that Goldman is also cutting the plant budget in its London office. The cup downgrade will save "thousands" of dollars. So they definitely did it because of the impact on their bottom line, and not for the press such a move would generate. Definitely.

Goldman is also moving to a no-cash cafeteria, which means there will be no need to "pay armored truck companies to haul away the money." The cost of money-hauling: just one of those pesky problems we all have!

Goldman Sachs Draws Up Deeper Cuts [Dealbook/NYT]