2min chapter

The Compound and Friends cover image

What's Really Going On At Goldman Sachs?

The Compound and Friends

CHAPTER

David Solomon's Autocracy in the Consumer Banking Industry

Goldman Sachs is highly dependent on investment banking and the deal business. Goldman can't do deals for its own account nearly as well as it can advise other companies. A lot of this consumer banking stuff that is now being, you know, seen losses was not David Solomon's tenure. It was Lloyd Blankfein's tenure.

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