Goldman's Solomon Says 'Long-term Sustainable Returns for Shareholders' Is Most Important

The transcript discusses the responsibilities of a new CEO, focusing on improving business for shareholders. It highlights Goldman Sachs' strategy for sustainable returns and client service, emphasizing organic growth over acquisitions. The performance of the securities business is addressed, with confidence in leadership and a focus on market share improvement.

What is the primary focus of the new CEO when reviewing the business portfolio?

• Reducing operational costs

• Long-term sustainable returns

• Short-term profits

• Expanding into new markets

What approach did Goldman Sachs take when building their digital platform for individual clients?

• Partnering with another company

• Building it organically

• Outsourcing the development

• Acquiring an existing platform

What is the CEO's stance on acquisitions for business growth?

• They are only for entering new markets

• They are not considered at all

• They are considered but with a high bar

• They are the primary growth strategy

How does the CEO describe Goldman Sachs' securities business in terms of market position?

• Struggling to maintain relevance

• One of the top three globally

• Lagging behind competitors

• Dominating the market

What is a key factor the CEO attributes to the securities business's ability to improve market share?

• Increased marketing efforts

• Reducing workforce

• Better client service and intellectual capital

• Higher investment in technology

What is the CEO's view on the leadership team at Goldman Sachs?

• They have a diverse set of skills

• They lack experience

• They are too focused on technology

• They need significant changes

What role does technology play in Goldman Sachs' business strategy according to the CEO?

• It is a minor aspect

• It is crucial for business success

• It is only important for digital platforms

• It is not a focus area