“David may have a problem with the board room. No one wants to see someone is at war with their senior execs,” one Goldman insider told On The Money.
– but lately the ambivalence has begun to infect the Wall Street giant’s board of directors, sources told On The Money.
“The board is starting to re-evaluate. David may have a problem with the board room. No one wants to see someone is at war with their senior execs,” one Goldman insider told On The Money. “You can ignore the bad coverage for a month or two, but the board no longer has plausible deniability about what’s going on.”At issue: Goldman Sachs historically has been run by homegrown financiers who have spent most if not all of their careers at the firm.
David Solomon during an event attended by Prime Minister Rishi Sunak at the Business Roundtable in Washington, DC, on June 8.Solomon lacks the approachable manner of his predecessor Lloyd Blankfein, a source said.Another source echoed the gripe, claiming that Solomon lacks the affability, gentility and approachable manner of his predecessor.
According to multiple insiders, Dan Deese, co-head of global banking & markets, may be the best internal candidate. Deese is “beloved,” internally a source adds. To be sure, some Goldman insiders believe tales of Solomon’s demise are exaggerated and say it is just a disagreement of style over substance. Wells Fargo bank analyst Mike Mayo said Solomon deserves credit for Goldman’s stock rally.
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