Goldman Sachs Leans In, Merrill Leans Out

Back in the real world of Wall Street -- and away from the absurdity of the @GSElevator hoax -- we have the bizarre story of Alice “A.J.” Murphy, one of the most highly respected women in finance. Last week, the actual Goldman Sachs Group Inc. hired Murphy away from Merrill Lynch, the investment-banking division of Bank of America Corp., as a partner managing director and the global head of leveraged finance origination. Murphy had been co-head of leveraged finance at Merrill Lynch.