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Difficult Days for Goldman Sachs CEO David Solomon

 1 year ago
source link: https://ceoworld.biz/2023/08/21/difficult-days-for-goldman-sachs-ceo-david-solomon/
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Difficult Days for Goldman Sachs CEO David Solomon

Goldman Sachs Tower

The CEO of Goldman Sachs, David Solomon, is navigating through one of the most challenging phases of his nearly five-year tenure as CEO due to negative media coverage. Nonetheless, he still holds the support of both the bank’s directors and some of its major shareholders.

Over the past year, there have been declining profits, a decrease in morale, and unfavorable press reports. This critical profile is just one of several recent news articles that have highlighted tensions within Goldman Sachs following a disappointing bonus round, the departure of several senior bankers, and resistance to Solomon’s straightforward leadership style in some quarters. However, Goldman Sachs declined to provide a comment.

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