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, […]
Solomon, David M
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Back to news homeGoldman Sachs Sheds Consumer Loans as Losses Mount
How much will it cost for Goldman Sachs to extricate itself from a mistake?The Wall Street bank, long known for catering to big corporations and wealthy clients, on Tuesday revealed […]
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 […]
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 […]
Goldman’s Move to Unlimited Vacation Is Good for … Goldman
When Goldman Sachs — the investment bank known for its hard-charging culture — recently told its senior bankers that they could take off as much time as they wanted, the […]
Wall Street Warms Up, Grudgingly, to Remote Work, Unthinkable Before Covid
In private, many senior bank executives tasked with raising attendance among their direct reports expressed irritation. They said it was unfair for highly paid employees to keep working from home […]
With Climate Pledges, Some Wall Street Chiefs Warn of Rising Prices
David Solomon, the chief executive of Goldman Sachs, said last month that his firm would continue funding fossil fuel companies, stressing that not doing so would lead to much higher […]
Returning to the Office Sparks Anxiety and Dread for Some
Last fall, after some of the restrictions had eased in Germany, Trivago, a travel company based in Düsseldorf, let employees work remotely three weeks of the month and then spend […]
Goldman Sachs Partners’ Exits Point to a Changing Culture at the Bank
Late in March, Gregg Lemkau, the longtime co-head of investment banking and an executive who was widely considered a potential Goldman C.E.O., sent a Twitter post about getting up during […]