ChallengesA number of challenges remain. These include the following:
- Keeping the focus and interest of line leaders through an
extraordinarily difficult market environment - Applying the Pine Street “running rules” to an expanded
mandate and an organization, which has grown to more than
seventy people - More fully integrating Pine Street’s developmental offerings
with measurement and reward systems within the firm - Broadening our partnership with line leaders beyond those
who have been so helpful to date
It is still too early to judge how successfully these and other
challenges will be met. Nevertheless, some initial successes indi-
cate that financial service professionals, for all their proclivities
toward short-term focus and quantifiable results, can respond to
and benefit from an active and efficient marketplace of ideas that
add value to their business.
Steffen Landaueris vice president and chief operating officer of
Goldman Sachs’s Pine Street Group, a small team that focuses on
leadership development and organizational effectiveness for the firm
and its clients. Steffen’s current responsibilities include overall lead-
ership of Pine Street’s various initiatives for Goldman Sachs clients,
including the Goldman Sachs Emerging Leader program for select
Goldman Sachs leaders and key clients of the firm; an executive
coaching program for the firm’s leaders, which he founded two years
ago; and various other leadership initiatives focused on key career
transitions. Since the inception of Pine Street several years ago, he
has been involved in building Pine Street and developing many of
its key programs. He has worked with Goldman Sachs since 1987 in
various roles involving design and delivery of learning and devel-
opment initiatives. Contact: [email protected]330 LEADINGORGANIZATIONALLEARNING