Goldman Sachs Loses ‘BRICs’ Legend Jim O’ Neill

Goldman Sachs Group, Inc. (NYSE:GS) announced today that one of its  famous economists will be leaving the company later in 2013. Jim O'Neill will exit his position as chairman of the Goldman Sachs Asset Management; a position he was the first to hold after it was created for him in 2010.

One of the economist's most enduring contributions was his characterization of the BRIC economies. O'Neill coined the term BRIC in a paper published in November 2001. His paper preceded the outsized growth in the economies of those countries, Brazil, Russia, India, and China, which...