"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.
Wallace overcomes Sharma to win Indian Open
I'm very pleased with the birdie at the last, which allowed me to grab a share of the lead. "I also can't wait for the Masters". Wallace and Johnston played the way Emiliano Grillo did on first two days and then Shubhankar played on the second day.
Record-breaking performances at NCAA Indoor Championships
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.
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.
Why Entrepreneurs Carry Business Cards
You will have to wait for them to visit your website or store later and this can mean they’ve already forgotten about you. If you succeed in creating a memorable business card, you don’t just connect deeper with the person you gave the card to.
Trump botches the election scorecard again
He said his unprecedented meeting could go two very different ways: "We may leave fast" or strike one of history's greatest deals. And, always the showman, he dropped a bit of news, revealing the slogan for his 2020 re-election campaign: Keep America Great.
Tim McGraw collapses on stage during concert
Tim McGraw was performing on stage with his wife Faith Hill when the concert had to be cut short after he fell ill on stage. After a while, McGraw's wife and co-headliner Faith Hill came out to tell the crowd McGraw could not finish the concert.
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.