Goldman CEO DJ Dipshit Fails Again
New article by CNBC: “Goldman Sachs Faces Big Write Down on CEO DJ David Solomon’s Ill-fated Greensky Deal”
So basically Goldman bought it for $2.24bn but bidders are only valuing it at $300-500mm LMFAOOO. No one wants to buy it. This guy legit sucks.
“Under CEO DJ David Solomon, Goldman bought Atlanta-based GreenSky for $2.24 billion to help accelerate its push into consumer finance.”
18 months later dude changes his mind and tries to sell it. But sadly:
“One bidder said the origination platform is worth roughly $300 million, while another said it was worth closer to $500 million.”
Big L for DJ D-Bag
Legitimately confused as to why he hasn’t been fired yet
stop letting dj solomon cook
Goldman can have a CEO who fails in multiple areas and is distracted by his side DJ gig, will layoff juniors by revoking key card access in the lobby, underpays said juniors vs street and yet all these prospects still simp and fap over that lovely light blue logo.
Yeah it’s appalling to see what’s happened over the past few years, especially months.
Guy flies around like a king while juniors work like 100 hours a week. Then the bill comes due for his fuckups and he lays off said juniors.
Now those juniors who are still there are working twice (soon 3x after greensky write off) as hard to cover for his poor management.
And bonuses are going to blow across the board
nobody wants to go to GS because they love GS. they go to GS in order to leave. Hence why their retention is shit.
my girl has light blue panties. every time she slips them off, i promptly cream. not because of her, but because the light blue reminds of dj d-sol. ohh dj-solllll.
Clients will hopefully remember this the next time they hire GS as buyside advisor.
Bring back the king (Lloyd)
He does is god's work
"Hey I know, let's have our CEO make an Instagram account and post all of his DJing sets and travel Vlogs so our Analysts who work 100 hours a week and don't get vacations will find him relatable and feel like they have it really good to work under a guy who DJs in the Hamptons while they short-circuit at their desks"
https://www.ftpartners.com/transactions/greensky-goldmansachs
140k base btw
FT Partners might be a hellish sweatshop but gotta recognize that Steve has mastered the game of selling piece of shit start-ups at inflated prices to mouth-breathing retards
The year end firm wide layoff voicemail was unreal lol
I'm just constantly surprised how CEOs like DJ and Handler think making themselves instagram retards will win them popularity.
They look like clowns and the juniors hate them for it as they fuck about while juniors get run into the ground.
Anybody pursuing GS after the over hiring in 2021, firing in 2022 and 2023 and the idiot in charge honestly deserves what they get. Idiotic behaviour.
There’s really two simple causes to this mess (which were predictable):
1) Thin senior executive bench: Lloyd stayed around too long, and his succession planning was awful + most seniors know GS is in a tough spot going forward so what’s the point?
2) GS’ strengths have dissipated: They thrived on principal investing, structured credit and a highly levered BS —> all of this is basically gone (the first two are being entirely taken over by MFs who cornered the 1st rate talent in finance - GS no longer has the biggest roster of smart people in finance)
The broader issue is 2). GS was too slow to respond to the post-GFC world and didn’t move in any specific direction (BS like JPM, PWM like MS, or asset management). All three of these areas have been repeated time and time again by management as guiding principles, but all of them fell flat.
On top of that, GS no longer has the top talent in terms of middle management. Whoever was great in S&T moved to hedge funds, and whoever was great in IBD moved to private equity.
There might be some exceptions of course, but broadly speaking if you’re a highly ambitious professional in finance, GS is not the place to be (unless you’re an analyst looking to move to the buyside). There’s an exceptionally strong brand there that could be turned around, but it is starting to become a bit late to do it (not impossible, but it’s becoming increasingly difficult).
Give D-Sol a drug test pls. If positive, that explains why he sucks as CEO. If negative. it explains why he sucks as DJ.