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Quick takeaways
- Goldman Sachs may have pre-selected its next CEO, breaking tradition and highlighting David Solomon's controversial leadership comeback after significant challenges.
- John Waldron's potential succession brings both promise and concern for Goldman Sachs, as he must carve his own leadership identity amid Solomon's legacy.
Deep dives
Navigating Competitive CEO Landscape on Wall Street
The journey to become a CEO at a global investment bank is fraught with intense competition, as highlighted by the experiences of major firms like JPMorgan Chase and Goldman Sachs. Success in this arena requires years of dedication, with potential candidates often participating in a long-term 'marathon' to prove themselves. High-profile roles are extremely limited, and intense rivalries exist among aspiring executives. Such dynamics demonstrate the pressures involved in maintaining a leadership position within these prestigious institutions, where both achievement and survival are constantly tested.
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