"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.
How has Shami responded to the allegations made by his wife?
Jahan on Friday disclosed that several of Shami's relatives had been trying to call her ever since she made the police complaint. Following all the events, Shami's annual contract has also been withheld by the Board of Control for Cricket in India ( BCCI ).
A Wrinkle In Time With Jennifer Lee
Characters zip from one planet to the next with little connective tissue, and we must accept each narrative jolt at face value. Even when working with a major studio and a major property, she has made a movie that's completely her own, flaws and all.
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.
Almost half of U.S. arms exports go to the Middle East
The U.S. continues to dominate arms exports, and it has accounted for 34 percent of total arms exports over the past five years. Tensions between China and Japan in the East China Sea also saw Japan moving closer to the USA , the report said.
Eon to acquire Innogy from RWE in strategic renewables deal
Uwe Tigges, chief executive officer at innogy, said it would be commenting on announcements from RWE and E.On "in due course". RWE is being advised by Bank of America Merrill Lynch and Citi on the deal, E.ON has hired Perella Weinberg Partners and BNP.
Kylie Jenner shares details of her pregnancy in Twitter Q+A
She added that Stormi hasn't laughed yet but is smiling a lot at the moment, and she can't get over her baby's "little toes". She couldn't seem to remember which of her sisters she told she was pregnant first, noting, "I think it was Khloe! ".
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.