Behind the Money

Has Goldman Sachs already chosen its next CEO?

Apr 30, 2025
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INSIGHT

Solomon's Control Restored

  • David Solomon survived a rebellion inside Goldman Sachs, regaining control firmly.
  • His choice of John Waldron as successor shows Solomon's strong influence and control.
INSIGHT

Diversification for Stability

  • Solomon aimed to diversify Goldman Sachs to stabilize earnings.
  • He pushed toward 'project durability' to reduce reliance on volatile trading and investment banking.
INSIGHT

Consumer Banking Losses Hurt

  • Goldman Sachs' consumer banking venture lost several billion dollars, causing investor and employee backlash.
  • The losses undermined Solomon's reputation and led to significant internal dissent.
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