"You will have a banker at the top of Goldman Sachs, where it's been a trader for the last 12 years", he said, referring to Blankfein's resume.
The question of who will next lead the iconic Wall Street firm Goldman Sachs appears to be getting close to an answer.
Mayo predicted that the CEO transition would happen next year, during Goldman Sachs' 150th anniversary as a firm, when he said the firm should be better positioned for Blankfein to exit on top.
Study finds that people are more loyal to Android than iOS
Users have the option to use and open the Google lens app with their Google photos app. "That's the Leaning Tower of Pisa". This includes things like a description of the place, or its opening hours, thereby saving you a Google search.
However, Goldman Sachs has not commented on that report and its statement on Monday made no mention of Blankfein's plans.
Blankfein and the board were impressed, insiders say, by Solomon's proven ability to build businesses at a time when the bank is looking to grow, the strength of the investment-banking team he put together, and his efforts to recruit and retain talent. He was global head of the financing group at the bank before becoming co-head of the investment banking division from July 2006 to December 2016.
"I look forward to continuing to work closely with David in building our franchise around the world, serving our expanding client base and delivering strong returns for our shareholders, "Blankfein said in the statement". He and Solomon were named co-COO in December 2016 in a setup that appeared to pit the two against each other to eventually lead what is viewed as the most powerful U.S. investment bank.
Solomon, who is turning 56 this year, worked in junk bonds at Bear Stearns before joining Goldman as a partner in 1999, right before the firm's initial public offering. The "move to expand beyond trading could get a subtle boost under Mr. Solomon given his diverse background (i.e. not another trader)". Today, Goldman's share price is up 0.7% as of this writing.
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The Manhattan College men's and women's track and field teams took a trip down to 216 Fort Washington Avenue on February 17-Feb. Also breaking a meet record on Saturday was CSU-Pueblo's Thomas Staines , who posted a blistering time of 1:47.23 in the 800.
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No. 15 Arizona, USC battle for Pac-12 crown
This was the third straight year, and sixth time in seven seasons, the Buffaloes and Wildcats have met in the Pac-12 Tournament. There shouldn't be a debate whether the gargantuan freshman is the most dominant player in college basketball.