Goldman's Solomon Plots Path Forward With 'Make-or-Break' Unit

The transcript discusses David Solomon's career at Goldman Sachs, highlighting his achievements and challenges. It explores internal tensions, oversight, and financial performance, with insights from analyst Mike Mayo. The impact of leadership and personality on the firm's direction is also examined.

What was one of the main challenges Mr. Solomon faced at Goldman Sachs?

• Increasing the number of IPOs

• Reducing the number of partners

• Expanding the firm's digital banking platform

• Decreasing the firm's global presence

According to Mike Mayo, what grade did Solomon receive for his consumer banking operations?

• C

• B

• A

• F

What is one reason for the dissatisfaction among Goldman Sachs partners?

• High compensation in 2022

• Lack of new deals

• Excessive travel requirements

• Increased number of board meetings

How does the partnership structure at Goldman Sachs influence oversight?

• It reduces the number of partners

• It enhances public scrutiny

• It increases the CEO's autonomy

• It limits the board's power

What is a significant factor affecting leadership perception at Goldman Sachs?

• The CEO's age

• The CEO's educational background

• The CEO's previous job

• The CEO's personality

What was a key focus for Goldman Sachs in the last five years?

• Increasing the number of branches

• Building an asset management juggernaut

• Reducing global operations

• Expanding into retail banking

What was a notable difference between Solomon and Schwartz's potential leadership?

• Schwartz's focus on trading

• Solomon's focus on retail banking

• Schwartz's international experience

• Solomon's educational background