Goldman Sachs has a David Solomon problem

Criticism of the bank’s boss turns vitriolic


It began as dj da steady drip of criticism, including on the , 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.Complaints have come from Mr Solomon’s underlings, who told reporters that he is “not likeable” and is, quite simply, “a prick”. They have also come from his predecessor: Lloyd Blankfein was reported by the to have complained about Mr Solomon’s use of the company’s private jets to go to music festivals, where he performs under the name “-Sol”, rather than spending time on the day job.

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