Goldman Sachs Group Inc. CEO David Solomon said headwinds from tariffs are hampering dealmaking activity
Can the CEO fend off potential backstabbers amid a barrage of bad press?
Global CEOs are thinking about India as a big growth opportunity while recognizing some of the challenges with investing in the country, Solomon told the newspaper in an interview.
Goldman does not see itself as best suited to lead the fintech unit in the long run
In a private meeting in Miami with about 400 of the bank’s partners, Solomon said he was too slow in reducing the bank’s workforce even as signs of headwinds began to emerge in the second quarter of last year, people familiar with the comments told the newspaper.
The package includes a $2 million base salary and $23 million in variable compensation, with $16.1 million of that in the form of restricted stock units.
The laid off employees at Goldman Sachs were given the choice to either leave the office immediately or wait for colleagues to arrive so they could say goodbye.
Top managers have been asked to identify potential cost-reduction targets, and no final job-cut number has been determined, the person said, asking not to be identified discussing internal deliberations.
Jeff Bezos agrees with Goldman Sachs CEO David Solomon on the chances of an upcoming recession
After almost four years in charge, the CEO’s strategy to diversify the bank has not been as transformative as many had hoped
Goldman Sachs CEO David Solomon offered some sage words of advice to the 3,700 students who won a spot in the coveted internship programme.
That is double the $17.5 million he received for 2020.
Goldman Sachs pleaded guilty in October over its role in the scandal, and agreed to pay nearly $3 billion to close US investigations.
Goldman last year tweaked some awards granted almost a decade ago so it could hold back payments depending on how the Malaysian 1MDB saga panned out.
On the subject of comparisons drawn between the 2008 financial crisis and the current pandemic-led economic crisis and government responses in both the cases, Solomon remarked that there was a very quick government response the world over to dampen the economic impact of the crisis.
The Wall Street bank's pay disclosures come days after the appointments, and as the race to succeed Chief Executive Lloyd Blankfein – who has been in his role for more than a decade – heats up.
David Solomon isn't your typical master of the universe, but he might have what it takes to lead Wall Street's most powerful bank.