The article also discusses Alpine Investors' highly selective CEO-In-Training program, which has a 1.6% acceptance rate, and the potential for Andy Sieg to become Citi's next CEO if he can turn around the bank's wealth unit. Despite closing all of its physical bookstores, Amazon's book business is thriving, with $16.9 billion worth of books sold in the first 10 months of 2022. Other topics covered include Jeff Bezos' plan for The Washington Post, leaked Slack messages from Amazon employees, and companies selling to millennials who are afraid of aging.
Key takeaways:
- Goldman Sachs' 2024 summer internship class had an acceptance rate of less than 1%, with two interns sharing their first impressions and tips for success.
- Alpine Investors, a $17 billion private-equity firm, has a highly selective CEO-In-Training program that places MBAs in leadership positions within a few weeks.
- Andy Sieg, former president of Merrill Wealth Management, might become the next CEO of Citi if he can turn around its wealth unit.
- Despite closing all its physical bookstores in 2022, Amazon sold $16.9 billion worth of books in the first 10 months of the year, showing the strength of its original business 30 years after its inception.