• Eochaid@lemmy.world
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    1 year ago

    This part offers some more interesting insight to his character. Yet another insecure c-suite lashing out at anyone who criticizes him.

    The letter, jointly written by three members of the class of 2023 and published on the school newspaper’s website in May, was reported Friday by New York Magazine as part of a story on unrest within Goldman Sachs over Solomon’s management style.

    Solomon oversaw record results for Goldman Sachs in 2021, and the stock is up more than 50% since he took over almost five years ago. But he’s faced elements of revolt from the firm’s powerful cadre of partners over issues tied to the business, such as the costly consumer-banking flop, and some specific to Solomon himself — complaining about his brusque management style and his use of the corporate jet for leisure.

    A growing list of senior departures has also drawn attention, with some executives departing soon after taking new posts, and some top women exiting amid criticism about the firm’s culture. The tally includes executives Solomon has elevated, like Julian Salisbury, who left last month for Sixth Street Partners.