Welcome back to our Sunday edition, a recap of some of our top stories. Former Google leader Andrew Yeung was dubbed The Gatsby of Silicon Valley. He shared coffee chat formula that helped him grow his tech events business into seven figures.

On the agenda today:

But first: What happens next after the resounding of Donald Trump US election victory.

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Preparing for 47

The most expensive presidential election in history is over, and the effects of Donald Trump’s victory are already being felt in dollars and cents.

Shares rose, ending the week at record highs. Bitcoin also hit record highs, while Tesla surpassed a $1 trillion market cap. Treasury yields also ended the week higher as investors bet a Trump White House would make it drives inflation.

Major companies are already weighing the potential impact of the tariffs. The outdoor brand is looking for Yeti new suppliers. Steve Madden plans to cut his sourcing goods from China. Airbus said it expected to pass on the cost of any tariffs airline customers.

In Silicon Valley, many venture capitalists and startup founders welcome the prospect of less regulation and increase in transaction activity.

And on Wall Street, there is hope less onerous regulationespecially since more funders offer advice entry administration.

And at least a media CEO hopes that Trump’s victory will open the door to consolidation.

Meet Goldman’s new partners

Goldman Sachs has promoted 95 executives to its highest leadership designation outside the C-suite. The new class is the largest number of partners to be promoted under CEO David Solomon.

It’s also one of Goldman’s most diverse. A record 26 are women — a demographic that has been closely watched following a series of departures by high-profile female partners — as well as a record level of Hispanic executive promotions, a company executive said.

Check out the list.

Read also:

Andy Jassy hates bureaucracy

In a hands-on meeting this week, Amazon CEO Andy Jassy explained the company’s recent plan to cut the number of managers. According to a recording of the meeting obtained by BI, Jassy said the move was aimed at cutting red tape.

The goal is to make faster decisions and reduce the levels of management that destroy Amazon’s unique culture, Jassy said. “The reality is that the S team and I hate bureaucracy,” Jassy said, referring to Amazon’s top management team.

More from the all hands meeting.

Read also:

Risky business

There is no such thing as a free lunch — or, in the case of an investor, a free dinner. As a retiree, he was used to avoiding the countless postcards offering a fancy dinner accompanied by a presentation on investment advice.

But on one occasion, in 2010, he took the bait. There, he met one of the hosts who would eventually advise him to invest in financial products that eventually cost him some of his retirement savings.

Why these “free lunch seminars” are common in the industry.

The Great American Burglary

Ordinary Americans steal everything from tape measures to blocks of cheese. Rather than stealing out of true necessity, these thieves are opportunists: adults with decent jobs, firmly in the middle class.

And they don’t feel particularly bad about it. Some of them see shoplifting as a silly childhood habit that they never kicked, while others see it as a way to fight against goods that are unfairly expensive.

Behind the retail theft of ordinary people.

Read also:

This week’s quote:

“I congratulate President Trump and we look forward to working with the new administration to support sound policies that enhance economic growth and financial stability.”

– Goldman Sachs CEO David Solomon in an internal memo addressed to staff.

More top reads this week:

• Anthony Scaramucci says BI four key reasons Trump won.
• Sam Altman’s Hiring Strategy bet on talent, not age.
• Silicon Valley is pained by Trump, but quietly praising a future revival of a technological accord.
• After management changes and layoffs, Netflix’s gaming director reveals a new AI role.
• Donald Trump’s electoral victory has big implications for Intel.
• Food delivery keeps getting more expensive — but we can’t stop ordering.
• Your nest egg belongs to private equity giant Apollo “biggest opportunity” for growth.
• A leaked note shows The head of Google Workspace is resigning.

• Hollywood is going conservative, moving towards faith and family shows.

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  The Insider Today team: Dan DeFrancescoassistant editor and presenter, in New York. Grace Letteditor, in Chicago. Amanda Yencolleague in New York. Lisa Ryanexecutive editor, New York.