David Solomon, the part-time digital dance DJ who beforehand served as president of the corporate and co-head of its funding banking division, took the reins from Lloyd Blankfein on Monday as CEO.
Blankfein, who had served as CEO since 2006 and can keep on as chairman by way of the tip of the yr, is already thinking about his next chapter, which might embody extra “unrestrained tweeting.” He began weighing in on points together with local weather change and immigration towards the tip of his tenure.
“I would enterprise ahead on opinions which might be my very own opinions, with none regard for whether or not they serve the constituencies and the pursuits of Goldman Sachs,” Blankfein mentioned in a sit-down with Solomon posted Monday to social media.
His successor has a lot to do.
The financial institution’s inventory is down more than 11% this year. It has underperformed friends, weighed down by an inconsistent buying and selling division that does not mint cash the best way it used to. Recruitment and retention of prime expertise stays very important, as…