Goldman Looks to Add BofA Vet Tom Montag to Board

The transcript discusses Tom Montag's career, his return to Goldman Sachs, and the dynamics within the board. It highlights the challenges and strategic pivots faced by the bank under David Solomon's leadership. The future outlook and performance of Goldman Sachs, particularly in trading and investment banking, are also examined.

What role did Tom Montag play in Bank of America before returning to Goldman Sachs?

• He was a financial advisor.

• He helped make it a trading powerhouse.

• He was the CEO.

• He was a marketing director.

Who is considered a key player on the Goldman Sachs board alongside David Solomon?

• Tom Montag

• John Rogers

• Catherine Doherty

• Kate Kelly

What is one of the main challenges David Solomon faces at Goldman Sachs?

• Reducing the bank's trading activities

• Expanding into new markets

• Addressing cultural issues within the bank

• Increasing the number of board members

How has Goldman Sachs performed in its core business lines in recent years?

• They have reduced their focus on trading.

• They have struggled significantly.

• They have maintained a steady performance.

• They have expanded their lead in mergers and acquisitions.

What existential question is currently facing Goldman Sachs?

• Should it merge with another major bank?

• Should it focus more on consumer banking?

• Why can't it just excel in trading and investment banking?

• Is it time to change its leadership?