Goldman Slumps, DSOL Gonna Get Fired?
As many articles have reported, Goldman is not doing too well and its clear that DSOL is under pressure. Besides promoting Goldman's shitty consumer business and generally harming the GS brand with the DJing, lavish corporate spending, etc. what has DSOL done? Curious if the COVID 'record breaking' year of GS profits was due mostly to an insane market and less so his management. Has the board had enough? What's everyone's take? Also, already selling GreenSky? WTF is going on?
lavish corporate spending? they don’t pay for phone or laptop, and dinner allowance is 25 dollars.
I’m sure he’s referring to spending at the executive level
Yeah, the conversations are really more centered around the exec level. You can just google "David Solomon Private Jet" and see some of the discussions on this. There's also a good NYTimes article about some of the issues with him DJing since supposedly he uses corporate resources for what is admittedly a hobby.
I'm not really sure if David Solomon is going to be fired right now since there's so much politicking to become a CEO at GS, but GS has made so many missteps with Marcus it's unbelievable. Greensky which looks like it will be sold for a significant discount after buying 2 years ago, somehow designing a credit card that entices the worst sort of credit card user, and very loose lending standards for consumer loans. Someone is going to take the blame for it.
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