Cohn’s Successors at Goldman: Is Two Better Than One?

The transcript discusses Goldman Sachs' strategy of appointing two executives to the number 2 role, with one eventually becoming CEO. It profiles Harvey Schwartz, the CFO, and David Solomon, head of investment banking, highlighting their achievements and roles. The discussion also covers the potential leadership dynamics and succession following Lloyd Blankfein, with internal groups supporting each candidate.

What is the typical strategy of Goldman Sachs when appointing executives to the number 2 role?

• Appointing one executive and promoting them directly to CEO

• Choosing two executives and letting one rise to CEO over time

• Hiring from outside the company

• Rotating executives every year

What has been Harvey Schwartz's primary focus as CFO at Goldman Sachs?

• Developing new financial products

• Cutting costs and maintaining efficiency

• Expanding the company's global presence

• Increasing marketing efforts

Which division has David Solomon been leading at Goldman Sachs?

• Corporate Finance

• Retail Banking

• Investment Banking

• Asset Management

What achievement is David Solomon credited with during his tenure?

• Reducing company debt

• Achieving record revenues

• Launching a new tech platform

• Expanding into new markets

What is the current status of the succession plan for Lloyd Blankfein at Goldman Sachs?

• A clear successor has been chosen

• Lloyd Blankfein will remain indefinitely

• The decision is still pending

• The board has decided to hire externally