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☆ Here's the latest sign that Goldman Sachs CEO David Solomon isn't going anywhere: His 2023 pay.
▼ + stars: | 2024-02-16 | by ( Reed Alexander | ) www.businessinsider.com time to read: +4 min

Of that bonus, $20.3 million, or roughly 70%, will be awarded in stock, with a remaining cash bonus portion of about $8.7 million. Solomon's freshly-announced 2023 comp puts him just behind his fellow Wall Street bosses. Everyone knows that, on Wall Street, money talks. But Wall Street is a notoriously competitive gauntlet and Solomon has yet to beat his personal 2021 record this time around. There's always next year — and it looks like Solomon will still be here to take another bite at the apple.

Persons: David Solomon, Goldman Sachs, Jamie Dimon, Morgan Stanley, James Gorman, he's, Goldman, —, Solomon, Adebayo Ogunlesi, What's, There's Organizations: Service, JPMorgan Chase, Wall

☆ Why former Goldman Sachs partners say they left the firm
▼ + stars: | 2023-09-20 | by ( Dakin Campbell | ) www.businessinsider.com time to read: +23 min

Goldman Sachs partners are leaving — some 202 during David Solomon's five years as CEO by Insider's calculation. In particular, before Solomon, Goldman nurtured many fiefs and then spread the wealth from the most successful ones across the firm. Of the former Goldman executives that Insider interviewed, here are the most cited reasons they gave for leaving Goldman. When both men struggled, senior partners left, and Goldman stumbled in its efforts to wind down its balance-sheet investments. Goldman Sachs partners are paid well by any standard: $950,000 in base salary and often multiples of that in annual bonuses.

Persons: Goldman Sachs, David Solomon's, Solomon, Goldman, David Solomon, John Waldron, Goldman's, Adebayo Ogunlesi, Mike Mayo, Andrew Toth, Devin Ryan, Ryan, Waldron, Tony Fratto, Mike Blake, Eric Lane, Julian Salisbury, Lane, Luke Sarsfield, Sarsfield, Marc Nachmann, he's, Fratto, Stephanie Cohen, Cohen, Kathy Ruemmler, Charles Dharapak, Barack Obama's, Kenneth Lay, Jeffrey Skilling, Ruemmler, Unbeknown, Jeffrey Epstein, dealmaking, David S, Holloway, Mayo, David doesn't, GreenSky, Brendan McDermid, It's, Alison Mass, Hank Paulson, Russell Horwitz, David, it's, Emmalyse Brownstein Organizations: Wall, JPMorgan, Wells, Wells Fargo Securities, Investors, Goldman, AWM, Sarsfield, BAE Systems, Justice Department, Street Journal, Bloomberg, Employees, Partners, Federal Reserve, United Capital Financial Partners, Reuters, GreenSky Locations: New York, Wells Fargo, Salisbury, Manhattan, Texas, Plano, London, Paris, Chicago

☆ Goldman brings back Tom Montag as CEO Solomon bolsters board support
▼ + stars: | 2023-07-20 | by ( ) www.reuters.com time to read: +2 min

[1/2] People walk in the Goldman Sachs global headquarters in Manhattan, New York, U.S., November 15, 2021. REUTERS/Andrew Kelly/File PhotoJuly 20 (Reuters) - Goldman Sachs (GS.N) has brought back to its fold senior executive Tom Montag, adding him to its board as the Wall Street giant looks to regain lost ground after its ill-fated foray into consumer banking. Considered to be an ally of CEO David Solomon, Montag could bolster support for the chief executive, who is looking to undo the damage from the company's high-profile flop in retail banking. "Tom brings extensive financial services and risk management experience, with over 35 years in the industry," Solomon said. "He has incredible perspective regarding the complex financial and non-financial risks that large global financial institutions face."

Persons: Goldman Sachs, Andrew Kelly, Tom Montag, Montag, David Solomon, Goldman, Tom, Adebayo Ogunlesi, Merrill Lynch, Solomon, writedowns, Saeed Azhar, Niket, Manya, Arun Koyyur, Lananh Nguyen Organizations: REUTERS, Reuters, Bank of America, Rubicon, TPG, Manya Saini, Thomson Locations: Manhattan , New York, U.S, New York, Bengaluru

☆ Ex-BofA No. 2 Tom Montag said to be in line to join Goldman Sachs board
▼ + stars: | 2023-06-26 | by ( Jeffrey Cane | ) www.businessinsider.com time to read: +4 min

Goldman Sachs board plans to tap Tom Montag to join, Bloomberg reports. Now, he is said to be in line to join the board of Goldman Sachs as its CEO, David Solomon, faces scrutiny over his leadership. Still, Bloomberg notes, Montag would be the first bank executive named to the board under Solomon, who became CEO of the bank in 2018. Solomon's hobby as a DJ and his use of the firm's private jets have also rubbed some Goldman insiders the wrong way. At Goldman, Montag was big in JapanMontag bleeds Goldman blue.

Persons: Goldman Sachs, Tom Montag, Montag, David Solomon, Solomon, —, Sridhar Natarajan, Katherine Doherty, Goldman, David Viniar, Goldman's, Adebayo, Ogunlesi, Insider's Dakin Campbell, Japan Montag, Merrill Lynch, Insider's Alex Morrell, Charming, Kate Kelly, BofA Organizations: Bloomberg, of, Morning, Bank of America's, Goldman, Credit Suisse, Global Infrastructure Partners, Reuters, Bank of America, Bank America, The New York Times, Times, Private, TPG, Street Journal Locations: Japan

☆ Some Goldman Sachs partners want to tell the board about their concerns over CEO David Solomon
▼ + stars: | 2023-02-08 | by ( Dakin Campbell | ) www.businessinsider.com time to read: +15 min

A decline in morale at the Wall Street firm concerns some Goldman partners. Here are their concerns about CEO David Solomon, who addressed the partners in Miami. CEO David Solomon addressed Goldman Sachs' partners today at the firm's annual partners meeting in Miami. There's little history for Goldman partners taking their concerns directly to the board. Since then, according to someone who has spoken to investors, more shareholders have questioned how long Solomon can last as Goldman's CEO.

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