Goldman Sachs' David Solomon invested in a luxury real-estate developer his bank failed to win business from
David Solomon, the chief executive of Goldman Sachs, is known to fly to the Bahamas, where he has a home.
. One of those flights was taken soon after Goldman's second annual investor day concluded on February 28. The New York Times reports Since September 20221, the CEO has been a"passive board observer" for Scottsdale, Arizona-based Discovery Land, a job that involves less than 8 hours of work a year,Tony Fratto, a spokesman for Goldman Sachs, told The Times that there was"no conflict whatsoever" between Solomon's investment in and relationship with Discovery Land and his position as CEO for the bank.
Discovery Land eventually sold $300 million of shares without the help of any bank in early 2021. Among the investors who bought those shares? David Solomon.
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