Goldman Sachs has a David Solomon problem
Criticism of the bank’s boss turns vitriolic
It began as a steady drip of criticism, including on the cover of The Economist, concerning Goldman Sachs’s performance during his tenure as chief executive. The firm’s foray into consumer banking was setting fire to a chunk of its dwindling profits. Efforts to move into businesses that promised steadier revenues than trading and proprietary investments were coming up short. And this was producing tension between the firm’s divisions. It has now become something more brutal: a cacophony of people outlining the myriad ways in which they dislike David Solomon.
This article appeared in the Finance & economics section of the print edition under the headline “Solomon problem”
Finance & economics August 26th 2023
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- What China’s economic troubles mean for the world
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- Goldman Sachs has a David Solomon problem
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