Photo: US Naval Academy
When John Haase quit Goldman Sachs, he wanted to do it better than anyone who had quit before. The money manager told Advisor One, “The only two things I’ve ever quit was flying planes and leaving Goldman Sachs almost a year ago.”
Haase left Goldman for Fireman Capital in Boston the “first-class way,” as he puts it. He says he looked at the people who had left before him in a “less than stellar manner,” and felt that was short-sighted.
Goldman had given him one of its very few “battlefield promotions,” which happens when your superior reaches into the organisation and grabs me by your lapels and pulls you up to take on a more difficult assignment than you might have signed up for originally, according to Haase.
A Goldman mentor instructed him on how to quit the firm best: slowly.
“One of my mentors at Goldman said to me ‘You only have one opportunity to leave, so when you do, make sure it’s for the right opportunity.'”
Also, make sure it’s handled properly.
Leaving abruptly and causing the firm to tie up any loose ends would probably qualify as a “less than stellar manner,” so he told Goldman Sachs about his plans three months before he ultimately left. During those months, he told Advisor One, he worked with the firm “to ensure a smooth and effective transition.”
Goldman apparently called it “one of the best transitions they had ever seen.”
“Goldman very much believes in a producer-manager type role, as opposed to strict manager role,” he says of the firm.
His time at Goldman was great too, according to him. His superiors at Goldman loved him and according to Haase, he got promotions at record speed.
More on Haase:
- Naval Academy Class of ’93
- Married to Becky Ingraham ’94, whose father Duncan is a big Navy donor. Her photo is at right.
- Made the Patriot League Scholar-Athlete of the Year in 1992
- Captain of the Navy Basketball team in 1992-3
- He serves on the board of The Nature Conservancy in Massachusetts and coaches youth sports teams.
- When he joined Goldman, it was to help the firm open their Seattle office.
- A few years later, he took over the entire office. He says: “At the time I had between two and three years of experience. When I looked up and down the West Coast, the people running the San Francisco and Los Angeles offices had 16 to 20 years of experience.
- He got a “battlefield promotion” at Goldman. “The head of the investment management division called it a ‘battle field promotion,’ where he reached into the organisation and grabbed me by my lapels and pulled me up to take on a more difficult assignment then I might have signed up for originally.”
- When he made Managing Director in 2007, he was told that the promotion was a new “land speed record” and that few, if any, had made managing director that quickly, says Advisor One.