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Goldman Sachs CEO David Solomon clouds succession path

Goldman Sachs CEO David Solomon is reportedly increasing his involvement in the bank’s day-to-day operations, as concerns over his possible departure disrupt a high-profile succession battle. This is an obvious effort to dispel speculation. Mr. Solomon, who has overcome controversy over his part-time DJing and reportedly promised last year to stop performing at public events, […]

Goldman Sachs executive Jim Esposito retires as CEO David Solomon stays put

A top banker at Goldman Sachs who was seen as a potential successor to CEO David Solomon, who was in financial crisis, has announced that he is retiring. According to reports, Solomon’s sudden resignation signals his consolidation of power. Jim Esposito, 56, a college wrestling aficionado who played a key role in the merger of […]

Goldman CEO David Solomon plans paltry bonuses to nudge out laggards

Goldman Sachs CEO David Solomon isn't going to fire you in the coming weeks, but he might persuade him to show you the door. Insiders at the Wall Street giant say the bank will lay off 3,200 employees in early 2024 after a traumatic year that began with “David Demolition Day,” a cold morning last […]