Goldman CEO Solomon Had a Free Pass, Time to Deliver: Mike Mayo

Goldman Sachs is hosting its first investment day, focusing on green initiatives and addressing growth challenges. CEO David Solomon aims to improve revenue performance and leverage technology for expense management. The company plans to expand its investment banking reach and enhance corporate relationships to drive growth.

What is a significant new focus for Goldman Sachs during their first-ever investment day?

• Cryptocurrency investments

• Green and sustainability initiatives

• Real estate expansion

• Retail banking

What is the main challenge Goldman Sachs has faced in the past five years?

• Decline in stock value

• Lack of technological advancement

• Revenue growth stagnation

• High employee turnover

What is expected from CEO David Solomon to improve Goldman Sachs' performance?

• Increase in marketing budget

• Concrete metrics for growth improvement

• Expansion into new geographical markets

• Introduction of new financial products

How is Goldman Sachs planning to manage expenses more effectively?

• Outsourcing financial services

• Cutting down on office spaces

• Implementing more technology and bots

• Reducing employee salaries

In which area does Goldman Sachs need to improve to leverage their relationships with CEOs?

• Marketing strategies

• Cash management and lending

• Retail banking

• Human resources