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The Latest Breaking News from David Solomon

Gender pay gap among UK staff at Goldman Sachs at highest level in six years

Women’s average hourly pay 54% less than men’s in 2023, raising concerns about female representation in senior roles

The Guardian - UK

3 Safe Stocks to Buy After Goldman Sachs CEO's Cautious Economic Comments

Here's why blue-chip dividend stocks, such as Coca-Cola, deserve a place in investors' portfolios in 2024.

Barchart

Goldman Sachs Q4 Profits Jump 58% To $1.9 Bn On Strong Equity Trading

Goldman Sachs reported a jump in fourth-quarter profits Tuesday as a surge in revenues for equity trading offset weaknesses in other areas, including merger advising revenues.

International Business Times

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Goldman Sachs (GS) Gears Up for Earnings Release: Buy or Sell?

While Goldman Sachs (GS) topped street estimates for the third quarter, the company posted a sharp drop in its bottom line. As the company prepares to unveil its fiscal fourth-quarter results tomorrow, could the stock be a wise investment candidate for your portfolio? Keep reading to find out….

StockNews.com

Ogunlesi to leave Goldman’s board after BlackRock agrees to buy GIP for $12.5 billion

Adebayo Ogunlesi is the latest executive to leave Goldman’s board, which currently numbers 13.

Fortune

Exclusive: Goldman Sachs shuts diversity-driven investment program

The firm is now focusing its diversity efforts elsewhere.

Fortune

British Goldman Sachs top commodities trader is retiring after making $100 million in 3 years—topping what CEO David Solomon pulled in

Ed Emerson joined the Goldman Sachs in 1999 as an analyst, and now oversees global commodities at the investment bank.

Fortune

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Elon Musk demands his employees work ‘long hours’, but turning staff into workaholics makes them way less productive, Slack's 10,000-person survey finds

Unless workers choose to stay late because they want to, working overtime often backfires.

Fortune

Apple reportedly bails on Goldman Sachs as credit card partner

David Solomon’s push into the consumer space suffers another setback.

Fortune

Viamedia’s Parrot Lines Up Spots on Cable and CTV

System protects ad revenue and simplifies operations

Multichannel News

Remote employees ‘don’t work as hard’, says head of world’s biggest commercial landlord

Steve Schwarzman of the Blackstone group said staff want to work from home so they can save money

The Guardian - UK

Goldman Sachs shrugs at the end of its CEO’s DJ career: ‘Music was not a distraction from David’s work. The media attention became a distraction’

“This is not news,” a Goldman spokesperson said, as the bank reported a 33% earnings drop. “David hasn’t publicly DJ’ed an event in well over a year.”

Fortune

Goldman profits tumble and CEO steps back from the dancefloor

No more DJ D-Sol for David Solomon

Evening Standard

Goldman Sachs CEO David Solomon ends DJ gigs due to media ‘distraction’

Bank’s board reportedly concerned at attention received by chief executive, who moonlights as DJ D-Sol

The Guardian - UK

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Fortune

Lessons from Uber on addressing the Israel-Hamas war with employees

The Israel-Hamas war has become a talking point among business leaders.

Capital & Main

New Mexico’s Experiment With Recapturing Natural Gas Raises Questions

Meanwhile, banks help fossil fuel giants raise more than $1 trillion via “hidden” financial support.

Evening Standard

Back to banking basics at Goldman Sachs

City Comment: Let Goldman go back to being Goldman

Zenger

Goldman Sachs CEO’s Unyielding Approach: A Recipe For Success Or A Path To Dissent?

Goldman Sachs Group Inc (NYSE: GS) Chief Executive Officer David Solomon has navigated a path filled with both triumphs and tribulations

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Fortune

Goldman Sach's last CEO called David Solomon to complain about performance after he lost $50 million on its slumping stock

The billionaire Lloyd Blankfein even reportedly offered to come back to the company.

Fortune

Wall Street keeps pushing to end WFH, but their own senior staff would rather quit than comply

Banking sector CEOs have been among the pushiest when it comes to ending hybrid work. But new data shows two-thirds of their top level execs would likely resign if they were forced to return to the office.

Fortune

Commercial real estate troubles are so pronounced that Goldman Sachs’ CEO says even a soft landing won’t prevent pain

"Commercial real estate has come under pressure" says Goldman Sachs CEO David Solomon.

Fortune

Apple’s new Goldman Sachs savings accounts excited savers with high interest rates

Some customers reportedly experienced delays in transferring funds from the savings account to another bank account.

Fortune

A group of over 140 CEOs and Wall Street titans including David Solomon just signed an open letter warning stocks will crash if politicians can’t raise the debt ceiling

"We write to emphasize the potentially disastrous consequences of a failure by the federal government to meet its obligations,” the group wrote Tuesday.

Fortune

JPMorgan CEO Jamie Dimon says insistent remote workers can go ‘elsewhere’

The bank’s pro-office memo was instantly ripped apart by workers calling it “tone deaf” and “divisive.”

Fortune

All signs are pointing to a credit crunch, says a top Wall Street strategist

For finance executives, the threat to credit availability now adds to the challenges posed by inflation and geopolitical concerns.

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