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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.
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.
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.