The new unconventional CEO of Goldman Sachs



David Solomon

In his spare time, the new CEO of Goldman Sachs opens records under the name DJ D-Sol.


(Photo: Reuters)

New YorkNo, he was not particularly magical, the day last March when David heard Solomon from his promotion. "I was in my office looking for my stuff when Lloyd called something like" Hey David, are you there? " Solomon went to the office of Goldman boss Lloyd Blankfein, who is standing right next to his.

"He looked at me and said:" The board has decided that you will be my successor and the next CEO. "It was like the right answer, okay, great, and how was your lunch? & # 39 ;, Salomon later told a group of Goldman students.

As fast as the message was passed on, Solomon went back to his office and went to work. The 56-year-old, who was recently responsible for operations, worked out a plan within a few weeks to reorganize the bank. He can officially do this on Monday, after which he takes over the management of the Wall Street House.

What does Solomon plan to do? Unlike his predecessor, he did not make his career in the commercial sector, but in investment banking. Long-term relationships with customers, deals and consulting are at the forefront. The area has been more profitable since the financial crisis, fueled by a wave of mergers and acquisitions in business. He delivers about a third of the profit.

"It is clear that Solomon wants to strengthen investment banking," says Guy Moszkowski of the Autonomous analysis house. The American has been transporting confidants for a long time in recent weeks. The operational board and thus his deputy will be John Waldron, who was previously head of investment banking. New Chief Financial Officer will be Stephen Scherr from November 5, previously responsible for Retail Banking and Commercial Banking.

Goldman Sachs was organized into the IPO in 1999 as a partnership. Everything came down to the partners who were ambitious for customers and in some way brought business. Solomon, who is well-wired in the business world, wants to serve customers holistically, not just selling deals.

"So why not extend our product and service offerings?" Solomon asks. Long-term employees of Goldman speak of a "tidal shift" for the company.

Solomon spends his spare time playing DJ D-Sol records, often in Montauk, the hippest place on Long Island – where the rich and powerful spend their weekends. His version of Fleetwood Mac's "Do not Stop" has been heard on the Internet millions of times. "Everyone needs an outlet," he explains about his hobby.

Unconventional, goal-oriented, not afraid to break down structures. In August, he brought three women to the executive committee, the bank's main governing body. For example, the number of female managers has risen to seven – out of a total of 34. He will spend his second working day as CEO at the women's conference of the American magazine "Forbes". There is a reason for his involvement: his two adult daughters often ask him why so few women work on Wall Street.


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