Why doesn’t Goldman Fire David Solomon
He seems disliked, his big consumer bet sucked, they have plenty of smart candidates. Plus the dj bullshit has to drive the board nuts.
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Disliked by who? The WSO board and employees don't mean anything. I haven't seen any big pushes by meaningful shareholders to remove him, that's what matters.
That would be antisemitic
Kek
Because he is bald, and Goldman shareholders go crazy for bald CEOs
Ngl, Goldman made a mistake by not putting Gary Cohn in the CEO chair
Damn, diversity recruiting of bald dudes is really getting out of hand.
D Sol experienced some of the best years in terms of trading and fees. 2019-2022 saw substantial activity and the only period when there was a slow down was Covid, which no one would hold against a CEO for obvious reasons
I suspect that, as market conditions toughen, he will face more shareholder pressure to actually deliver. But yeah, agree that he isn’t the most competent. Plus the DJing side and his attitude towards it is a major distraction like it or not
They became a bank holding company during 2008. They didn't really have much of a choice after that but to create a consumer business to go along with the designation, otherwise it's just dead ringfenced assets that aren't producing any return.
I agree though as an alum I think Solomon is a fucktard.
agree
Alum?
Probably means he worked at Goldman before
The share price is up like 65% since he became CEO, he ain't going anywhere
has absolutely nothing to do with him though. everything to do with we printed money like it was going out of style. money is wall street's throughput.
I hear your point, but still I would think it’s hard for a board with a fiduciary/legal duty to shareholders to fire a CEO under which (whether it was because or in spite of him) the stock has basically doubled in value. Seems like the stock market / the shareholders (who effectively are the CEO’s boss here) still like the guy and have liked him since he took over. Unless the board has like a stakeholder mandate (which I am not sure if GS’s board does), then it just seems to be safer/easier to just leave the guy as CEO and avoid having to find someone else for the job when the stock is doing well. If the stock were down 50% since DSol took over, then yeah, it’s much easier and maybe even more likely/needed for the board to take a look at firing the guy and finding someone new to run the company
He is incredibly incompetent, the consumer division (Marcus) is losing $2bn of cash per year and he just plugs holes by stealing bonus pool money from the one performing division, IBD. Screw this guy. Bank should save $30mm a year by firing him.
markets is crushing ibd lol
*global markets, not IBD
What is everyone talking about hah??? Heard he is getting replaced. How could that possibly happen?? David Solomon is the best CEO in Goldman’s history- grabbing deals like a kidnapper machine
David was offered 80mm salaries recently but he firmly refused a zillion times and only wants 10mm so he can save the rest to fund his trips to Middle East these days and personally bomb the pipelines in the region to steal gas so he can turn it into laughing gas to recruit amazing veterans as he personally has a special interest for their buttholes as well as targeting all the ruling families, aristocrats and royals in the region.
His political footprint and involvement has not yet stopped there as he has a grand plan and currently is tracking all leaders globally that are above 50 and 60 years old. His plan in Asia puhhh even bigger - heard he’s trying to set the 1.7bn people in China on fire one by one and burn them alive
He also turned his two daughters into comfort girls to please his boys - how devoted is that
Ambitious and an extremist as David - it all came from the trauma when Niharika went to bed with him, little did he know it was for Darren so she can keep pumping liquids out of Darren’s big big dick
That’s what trauma trauma trauma scar really does to you
The dj thing makes him seem relatable to gen z
UNPRESTIGIOUS. Remove him!
David together with a tiny fraction of the guys/gals are the elite of the elite of the elite, absolutely bright so when they saw Niharika’s hole (the darkest place on the planet) they got so obsessed with the darkness that they lost themselves in it. They live a life that nobody can imagine, getting Niharika the most sought after woman in america done as well as being able to afford the best and most expensive swiss escort in town who is known to be the pride of switzerland because he is the fav and sweetheart of many old widows. Many of them also have side gigs most commonly being an artist in their free time, you many find a fabulous display of quasi-Niharika skeletons behind david’s bedroom walls while others collect sinners art favored by the dynasties and empires. As many people may know there is one thing David Solomon made clear to everyone, that is Asia absolutely disgusts him, just dont know why gs still hasn’t quit the region yet…. The only downside of being an artist is that some of the greatest ones only got recognized posthumously
With a group of such extraordinary and versatile people like that how can you say they are unprestigious!!! Top top top
Sounds like something a boomer would say
the dj thing is honestly just fucking cringe
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