Goldman Hands Wall Street a New List of Bold-Faced Names

Goldman Sachs is promoting a new generation of leaders, expanding its management committee by over 50% to signal the next generation of leadership. This move aims to retain talent and prevent competitors from poaching key individuals. Despite the expansion, diversity remains a concern, with only one woman among the newly promoted leaders. The changes reflect a broader approach to leadership beyond traditional banking ranks.

What was the reason behind the delay in making changes to the management committee?

What concerns were raised regarding diversity in the new promotions?