Wall Street
Will This Guy Be Goldman’s Next CEO?
11:31 am, June 27th | by Hillary Reinsberg
There’s no sign that Goldman Sachs CEO Lloyd Blankfein is stepping down any time soon, but that hasn’t stopped people from speculating on his replacement. So, when Blankfein does hit the bricks, insiders say they think a low key banker might be the guy to fill his shoes.
Reuters says Goldman staffers believe investment banking co-head David Solomon might be the guy for the job. He’s under 50, is low key and seems to be the kind of guy a lot of Goldman staffers would love to grab a beer with after work. (Not that there’s much time to head to the pub if you’re a Goldman banker.) Amid worldwide suggestions that Goldman is a shark tank characterized by greed, going for a low-key, lesser-known CEO could be a good move. He’s also described as a smart, inspiring leader who’s good with clients. However, pulling the top executive from the investment banking division would be a departure from the past. Recent CEOs have come from Goldman’s sales and trading side, the most profitable moneymaker for the business.
But anyway, we don’t need to worry about that yet – as Blankfein has made very, very clear: he’s not leaving. We’ll leave the hand-wringing to the Goldman gang.
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