The way I would describe large companies is similar to that joke "Mandatory scheduled fun events" just with innovation. Most large organizations cannot innovate, instead they execute well. Look at all the major large organizations, they primarily distinguish themselves on execution, not innovation. A startup that's hobbled together by passionate soft drink makers (or whatever) aren't gonna come close to full business efficiency of Coke Inc. The manufacturing capacity, distribution channels, the logistics, the brand management and awareness, the brand integration and cross promotion, and other things that come from economy of scale. The rigid structure is not a place for innovation to grow.

I think that if this wasn't sanctioned by someone at the top then there would be a round of public hanging, drawings and quarterings in the IT department.

What is the Investment Bank version of "flogging round the fleet"?

Well functioning by what metrics? To make money? No doubt Goldman sachs does that. But making money often has the incentive of ignoring ethics .. which is what this thread was about. Would they ignore ethics to make more money?

So here, would they synchronize announcing big things in relation to the hottest and most risky investment there is right now?

"what motivated them to announce this a few weeks before trading starts?"

Questioning the assumption that Goldman Sachs is a shiny example of ethics in this world.

Tinfoil hattery

Large horse cock moralising