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Goldman Sachs steps up game to compete with Silicon Valley

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News video: Goldman Sachs steps up game to compete with Silicon ValleyAccording to Business Insider, Wall Street firms are challenged by the competition of tech companies, when it comes to hiring and retaining star engineers. In an effort to lure top tech talent, Goldman Sachs hired Andrew Tout, a Silicon Valley-insider. Tout hails from Square, a San Francisco-based financial tech company. Goldman also increased starting salaries for New York based programmers from about $83,000 dollars to over $100,000.

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