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How the Dream of Building a California City From Scratch Got Started

What if you built a new city from the ground up? The idea has tantalized urban planners and utopian dreamers for centuries. In 2017, Jan Sramek joined their crusade.Mr. Sramek, […]




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Goldman’s C.E.O. Is Stuck, Without a Clear Lifeline

Chris Nassetta, chief executive of Hilton Hotels, who is a Goldman client and longtime friend of Mr. Solomon’s, called him a “genuinely heartfelt, moral, high-quality human being.” Mr. Nassetta added, […]







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Jamie Dimon Reprises 2008 Role as Rescuer of a Failing Bank

On March 10, just hours after Silicon Valley Bank collapsed, the hedge fund manager Bill Ackman hosted a dinner for about 20 people at his penthouse apartment in Manhattan.The dinner […]




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Carlyle Names Harvey Schwartz, Former Goldman Sachs Executive, as CEO

The Carlyle Group named Harvey M. Schwartz on Monday as the private equity firm’s chief executive, nearly seven months after Kewsong Lee abruptly stepped down as chief after learning that […]




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The Blurred Lines Between Goldman C.E.O.’s Day Job and His D.J. Gig

Once Mr. Solomon and Mr. Mestel settled on Whitney Houston, Mr. Mestel convinced Pat Houston, the sister-in-law of the deceased singer who is the executor of her estate, to sign […]




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Goldman Sachs Earnings Fall Short of Expectations, Causing Alarm

Goldman Sachs is losing its shine.The doyen of investment banks released quarterly earnings on Tuesday that fell short even of analysts’ lowered expectations. Goldman did not just make significantly less […]




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Goldman Sachs’ Marcus Consumer Banking Move Turns Costly

The combination of high interest rates and fast inflation has hit Goldman especially hard because of the slowdown in its most profitable businesses. In sales and trading, Goldman’s revenue last […]




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SEC Fines Steve Easterbrook, McDonald’s Ex-CEO

McDonald’s ex-C.E.O. pays for his firing scandal Three years after being fired as McDonald’s C.E.O. over what was eventually revealed as several inappropriate personal relationships with employees, Steve Easterbrook on […]




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For Many Wall Street Bankers, This Year’s Bonus Season Is a Bust

Investment banking revenue in the United States is expected to have dropped more than 50 percent from last year, to nearly $35 billion through mid-December, according to the data provider […]