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- On Monday, Goldman Sachs announced that co-COO Harvey Schwartz would retire, setting the stage for David Solomon, his counterpart, to succeed Lloyd Blankfein as CEO.
- Reports suggest the transfer of power could come as soon as the end of this year.
- The position of Solomon, an unconventional Wall Street figure, as the heir apparent hints at cultural change at a firm that fancies itself the Google of Wall Street.
In mid-February, one month before he became the heir apparent to Goldman Sachs CEO Lloyd Blankfein, co-COO David Solomon was on a stage, cracking jokes with the billionaire playboy Richard Branson, a man whose large, blond mane and puckish, freewheeling demeanor seemed at odds with that of a stodgy white-shoe investment bank.
The contrast was lost on few, least of all the two men sharing the stage at Goldman Sachs’ small-business summit.See the rest of the story at Business Insider
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See Also:
- Here’s what investors say they want out of the next Goldman Sachs CEO — and where Lloyd Blankfein fell short
- It just became a lot clearer who will replace Lloyd Blankfein at the top of Goldman Sachs
- A throwaway comment in a conversation with Richard Branson hints at the future of Goldman Sachs
