To hear it from his handlers at Goldman Sachs, CEO David Solomon is having quite a moment these days. After surviving a rocky couple of years of staff turmoil and business failures (retail banking, the Apple credit card), Solly gave up his side hustle as DJ D-Sol so he could focus more on his day … Read more
Goldman Sachs and Bank of America shareholders voted against proposals to divide the CEO and chairman roles at both banks on Wednesday, bucking pressure from influential proxy advisers to bolster corporate governance. Proxy advisers Institutional Shareholder Services (ISS) and Glass Lewis had urged shareholders to support the moves and strip Goldman CEO David Solomon and BofA … Read more
Goldman Sachs is shuffling its management committee, in the latest indication of the power dynamics at the bank, the Wall Street Journal reported Friday, citing people familiar with the matter. A source familiar with the matter told Reuters that company veterans Alison Mass and George Lee have left the group, which comprises the heads of the … Read more
A top Goldman Sachs banker who was seen as a candidate to one day succeed embattled CEO David Solomon revealed he is retiring — a surprise exit that signals Solomon’s consolidation of power, according to reports. Jim Esposito, 56 — a college wrestling enthusiast who played a key role in the merger of Goldman’s investment … Read more
Goldman Sachs CEO David Solomon isn’t getting ready to fire you in the coming weeks — but he may convince you to show yourself the door. Insiders at the Wall Street giant say employees are on edge at the start of 2024 following a traumatic year that had kicked off with “David’s Demolition Day” — … Read more
One of Goldman Sachs’ highest-paid executives is leaving the bank early next year after raking in roughly $100 million over the past three years — even more than CEO David Solomon, according to a report. Ed Emerson — a 47-year-old trader who leads Goldman’s commodities business and whose pay exceeded Solomon’s $77.5 million during the … Read more
