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...The unrest has punctured a period of relative calm for Solomon, who had come under fire earlier in his tenure over mis-steps on pay and strategy....
...Solomon’s interest in DJing — an unusual pastime for Wall Street — started more than a decade ago when he was working on a financing deal for a Las Vegas casino....
...Solomon said five years ago, Goldman was executing a strategy that was more “growth at all costs in China”....
...If they leave, they would be the latest high-profile departures under Solomon, chief executive since 2018, following a challenging year for the Wall Street firm when it exited a lossmaking push into consumer...
...Higher capital requirements for banks did not “materially [change] safety and soundness in a way that matters compared to the friction of the cost”, Goldman chief executive David Solomon told the FT....
...The Solomon Islands has been a focal point for those tensions in recent years, and the election could offer a referendum on incumbent Manasseh Sogavare’s efforts to pursue closer ties with Beijing....
...Solomon’s pay for 2023 was up 24 per cent and Goldman’s board said it had rewarded him for paring back a lossmaking push into retail banking, re-emphasising the group’s strategy around its core investment...
...But the board rewarded Solomon for paring back a lossmaking push into retail banking, re-emphasising Goldman’s strategy around its core investment banking and trading business and expanding in asset and...
...The $31mn in pay for Solomon is made up of $2mn in base salary and a $29mn bonus, the bulk of which is paid in performance-based stock, according to a securities filing on Friday....
...Goldman Sachs chief executive David Solomon is facing a new wave of unrest inside the Wall Street bank, threatening a fragile peace among its partners....
...Speaking at an industry conference organised by UBS on Tuesday, Solomon said “the world is set up for a soft landing”, but there was a “higher level uncertainty” due to remaining inflationary pressure in...
...“While the environment is constructive and markets expect a soft landing,” Solomon said, “the trajectory is still uncertain”....
...The Solomon Islands votes to choose its next parliament. India’s markets are closed for Rama Navami, a Hindu festival that celebrates the birth of Rama....
...Solomon is expected to discuss concerns about the departures at a meeting this week with a number of Goldman’s remaining senior women....
...Switching to French, the narrative moves again to a dance between two wandering Jews, with Solomon singing a few lines of the Jewish prayer “Avinu Malkeinu”....
...Solomon, 62, also stands to earn a special stock award if he remains at the bank until 2026....
...Solomon told staff in a memo on Monday that the 56-year-old Esposito, known as “Espo” inside Goldman, was leaving the bank after almost three decades....
...I think the chances of a soft landing now are materially higher,” Solomon said on Tuesday at an industry conference organised by Barclays. “We’ve got inflation to a better place....
...New York Magazine’s “Is David Solomon Too Big a Jerk to Run Goldman Sachs?” was particularly extensive and well-researched chronicling of a team captain that seems to have lost his dressing room....
...Everyone hates David There has been a lot of press coverage this summer about how the chief executive of Goldman Sachs, David Solomon, is not a very nice person and a lot of his coworkers don’t like him...
...David Solomon started at Goldman Sachs in 1999, joining in his mid-30s from the scruffy Bear Stearns, as a partner in the junk bond group of the investment bank he now runs....
...Chief executive David Solomon on the call reminded analysts that Goldman’s own targets for RoE for that segment remained in the mid-teens “through the cycle”....
...Cohen, a 25-year Goldman veteran, led the Wall Street institution’s failed effort to build up consumer banking....
...After Solomon Islands and Kiribati switched diplomatic recognition from Taiwan to China in 2019 and Beijing inked a security deal with the Solomon Islands in 2022, the US sprung into action....
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