Byron Trott: Hot to Trott

In a business like investment banking, losing people is bad news. So when one of Goldman Sachs’ most prolific rainmakers is leaving to hang his own shingle , it is hard to view it as anything but a blow. But while the departure of Byron Trott – otherwise known as Warren Buffett’s banker – may look bad, the Wall Street firm is likely to remain in the billionaire’s good graces. True, Trott is about the only banker to have earned Buffett’s praise since the Berkshire Hathaway boss narrowly escaped a...