The bank plans to let outside engineers tinker with some of the code that its traders use to price securities and analyze and manage risk https://www.wsj.com/articles/goldma...n-source-kind-of-11554285602?mod=hp_lead_pos8
That’s a 180 degree about face. The open source code used by a GS programmer Sergey Aleynikov of Flash Boys fame they classified as ‘proprietary.’ Prosecuted him twice. https://en.m.wikipedia.org/wiki/Sergey_Aleynikov
Sounds more like identity politics and liberal BS has taken over all other priorities at GS. Recently they announced they want to hire 50% of all new recruits being women, as if a gender balance guarantees success. Total brainwash going on in HR departments. If the entire pool being women proves more profitable then hire only women, point being, companies still have a fiduciary duty to maximize returns for investors not to correct gender imbalances. Now they continue with their crap of touting an Apple credit card being an innovation when in reality its just another credit card like everything else. Open source what exactly? Are they suddenly run by Cheap Charlies who want to rely on outsiders to write their code base? But this is what you get when there are not men and women in control whose objective is to maximize profits but a bunch of people who care more about gays and transgender people and gender imbalances and all sorts of societal issues and over that forget their own investors. Screams like a big fat short to me.