A profound cultural shift is taking place on Wall Street

Tom Cornacchia was unusually frank.
The global cohead of fixed-income sales at Goldman Sachs told attendees at a housing-finance conference earlier this year that a culture shift was underway inhis part of the bank — which sells bonds to big investors.
The shift was causing some "awkwardness" and "friction" among employees.
He wanted his team to focus on long-term relationships, he said, and put less pressure on clients to make a trade right this minute.
"We are pushing that agenda interna