Hints and tips:
...“You can tell Morgan Stanley is run by a management consultant and Goldman Sachs has been run by traders and bankers,” said one Goldman banker, drawing a contrast with the power struggle between David Solomon...
...Stanley’s James Gorman....
...Goldman Sachs paid chief executive David Solomon $31mn for 2023, up 24 per cent annually despite the Wall Street investment bank reporting its lowest profits in four years....
...In contrast, David Solomon of Goldman Sachs had exchanges with analysts that were far more tense. One asked him who was responsible for his firm’s shaky performance....
...James Gorman, who stepped down as chief executive of Morgan Stanley at the start of 2024, was paid $37mn, up 17.5 per cent year on year. Goldman lifted David Solomon’s pay by 24 per cent to $31mn....
...At Goldman, CEO David Solomon spent much of last year redefining his strategy for the bank and coping with internal criticism....
...Dimon, along with David Solomon of Goldman Sachs, Jane Fraser of Citigroup, and James Gorman, the outgoing boss of Morgan Stanley, will be among eight CEOs answering questions from senators in an annual...
...Gorman will then become executive chair....
...Last year JPMorgan chief executive Jamie Dimon was paid $36mn, Goldman Sachs chief executive David Solomon was paid $31mn and outgoing Morgan Stanley chief executive James Gorman received $37mn....
...Goldman Sachs has floundered under David Solomon. Over at Citigroup, Jane Fraser is struggling to convince sceptics....
...Goldman Sachs chief executive David Solomon, who was on the same panel, joked in response: “You could join our world and have more ink on your fingers if you’d like.”...
...That puts the Morgan Stanley trio in a similar ballpark to Goldman Sachs chief executive David Solomon, who has sold almost $22mn since 2006....
...Grooming, Mike O’Gorman. Manicure, Ami Streets. Photographer’s assistant, Joe Conway. Production, Noot Coates at Town Production. All roses supplied by Absolute Flowers & Home...
...David Solomon, Goldman chief executive, described the operating conditions in 2023 as “not a B+ or an A environment” but expressed optimism for this year....
...James Gorman of Morgan Stanley and Jane Fraser of Citigroup are each former McKinsey management consultants....
...Less than three weeks into Pick’s tenure as chief executive, Gorman’s exit after 14 years looks even more well-timed....
...And that’s what James Gorman is trying to do here at Morgan Stanley....
...“Where we stand today it’s clear that we’re in the early stages of a reopening of the capital markets,” said Goldman chief David Solomon after the bank’s earnings were announced on Monday....
...(David Solomon’s 2018 victory over co-president Harvey Schwartz to succeed Lloyd Blankfein comes to mind.) Pick’s big promotion hardly comes as a surprise....
...Morgan Stanley’s recently departed CEO James Gorman said last year that employees “don’t get to choose their compensation, they don’t get to choose their promotion, they don’t get to choose to stay home...
...However, after several quarters of falling investment banking revenues, Morgan Stanley’s James Gorman and Goldman’s David Solomon said the environment was showing signs of improving....
...Goldman Sachs, whose David Solomon last year was the highest-paid Wall Street bank CEO alongside Gorman with $35mn, has yet to disclose its executive pay plan for 2022....
...The power struggle between Goldman Sachs’s David Solomon and Harvey Schwartz saw the one-time DJ win and his rival retire....
...It is now the second deal executed under chief executive David Solomon that Goldman is looking to undo....
...“Not too much,” he told the event, which was attended by some of the most powerful executives in global finance, including Morgan Stanley’s James Gorman, Goldman Sachs’s David Solomon, Citadel’s Ken Griffin...
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