Why the shocked comments? It’s all about money people...pure and simple...let’s not delude ourselves that it’s anything but...
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Nothing like a normal sounding hobby to humanize the brutal realities of wealth inequity in America. Great public relations work.
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Why not, we have a comedian who doubles as a president?
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Oh, jeez... To bad: I was so looking forward to a financial walk-off between Goldman's Karate Kid and the Balding Hipster. But the wisdom of "Solomon" prevailed and sent one-time bar bouncer (yes: read Kate's previous piece) packing. Perhaps Schwartz can now pick up Cohn, Schwarzman and the rest of DJT's failed economic advisors as students; advising them on the manly arts of close quarters combat.
And why do we care? Why is this front page news?
What has Goldman ever done for us?
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Article contradicts itself. A schmoozer is not candid with the clients telling them what they don't want to hear. A schmooze tells them exactly what they want to hear. Basically this guy is a schmoozing salesman who sold junk bonds. The guys leaving is one who took excessive risks because he knew that you and me back stopped him. I guess this article is in the public interest as Goldman Sachs will never be allowed to go bankrupt. Since our money is going to be risked without our consent by these career criminals (make no mistake Goldman is nothing but an organized crime syndicate) I guess we need to know who the next Don is.
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Donald J. Trump could learn a thing or two from Goldman Sachs.
But, he wouldn't have lasted beyond being a summer intern . . .
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This is the same guy who didn't notice his assistant stole million dollar worth of rare wines from his cellar. Can GS trust him to run billion dollar biz? https://www.nytimes.com/2018/01/17/us/rare-wines-stolen-goldman-sachs.html
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The two contestants, Mr Schwartz and Mr Solomon, stood before the King, and the King said, "Off with Mr Schwartz's head".
The only difference is the departing executive receives lovely parting gifts instead of death. Enjoy your retirement, Harvey.
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What's up with all of the Goldman hating. I totally agree that they aren't a bunch of saints. But the majority of people there are just hard working professionals trying to pay their bills. Did you all miss the paragraph in the article about Solomon demanding that they increase the hiring of women?
Save your hatred for Trump and his gang in Washington - they are doing a lot more harm than Goldman ever will.
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What does the hiring of women have to do with integrity or legality in terms of client-facing practices?
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you cannot possibly believe that.
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Glad to see that it's not just the appearance of prominent women that get comments. It's about time there's equal criticism of men's looks. Does that mean we're moving closer or farther away from the day when looks won't matter at all?
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See that’s the thing about being a white heterosexual male - you get to be defined by your talents, accomplishments, interests, not by what you are because...you are the default. You are fully human.
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The Goldman boys can all thank Bernanke and Paulson for convincing Congress to bail them out during the financial crisis after Goldman had made the dubious decision to act as a counterparty to AIG's worthless pile of sub-prime mortgage derivatives. Had Congress let the system fail as a normal free market consequence of taking imprudent risks, Goldman would now be a quaint footnote in the annals of excessive risk taking in the American banking system.
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All these guys that run GS look alike.
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Interesting that negative comments aimed at Secretary Clinton during the campaign was that she was in the arms of Wall Street. And immediately after the election we have President Trump bringing Wall Street right into his intimate cabinet.
Seriously, does it really matter who will be chief of Goldman Sachs, or what he looks like? Wall Street is part of what makes America.
When are people going to look at the experience, and qualities of a person, and not just select people for the trite reason of wanting a change, like the height of a hemline?
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re Margo Hebald:
The difference between Hillary and Trump is he is a willful tool of Wall Street and Hillary was an occasional employee of Wall Street. When a Wall Street firm pays you more for a short speech than "We the People" do for a year as a Cabinet Officer, Congressman or Senator- that is thinly disguised bribery. Hillary used these like an ATM and did them right up to the start of her campaign.
She also fought every attempt to get her to release to voters the text of her remarks where she is reported to have been 180 degrees out of sync with her onstage persona as a "Progressive that likes to get things done". She promised during the Democratic Primaries that she would release the text of the speeches to Wall Street firms when the "other" candidates released theirs to which Bernie said "I don't have any". She reneged on her promise as she never intended to let voters know her devotion to Wall Street Banksters.
Goldman should have not been bailed out via AIG and should have been liquidated. Those responsible should have been charged, tried, jailed and stripped of their ill gotten gains. Mr Blankfein's comment about "doing God's work" should follow him around like the Scarlet Letter.
The stench will never be off of Goldman no matter who they hire to rearrange the furniture.
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Whoa. He's my age and he looks like he could be my father. All that fresh air and the good life on Wall Street, I suppose -- plus spinning music at the disco on the weekends.
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I depend on my doctors, dentist, accountant, barber, automobile mechanic, grocery store, insurance guy, shoe repair shop and various Chinese and Italian restaurants because I trust them to put my interests first in return for my continuing business. The desperadoes at Goldman Sachs and similar joints are in business entirely for themselves, often to the detriment of our entire country. I trust them as far as I can throw them.
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Why is it that men who are almost 10 years younger than I look at least my age or older? It applies even to men with so much wealth. Maybe they like the look? (Except for Trump, I suppose..)
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Is Solomon as big a liar, crook, and greedy a self-righteous double-talker as Blankfein ?
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Market value of Goldman ballooned under Blankfein. That is more than enough for stakeholders.
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I would guess you know little to nothing about Mr. Blankfein.
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Anything for a buck. You pay the interest on those bonds and they collect the commission. Enjoy the Hamptons this summer.
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Imagine my astonishment. A Goldman top-kick with no hair.
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This has to be the ultimate case of fiddling while Rome..
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Troubled by the comments of those who use terms such as "greedy monsters" and "cannibal in chief" to describe a man whom they presumably do not know, or have ever met. While there are legitimate criticisms to be made of the Banking Sector for the 2007-08 financial crisis -- and of the accelerating gaps between CEO pay and the compensation of the rank and file -- wouldn't such criticisms be more compelling, credible, and ethical, if those proposing such views also gave each individual, including Mr. Solomon, the benefit of the doubt before making such harsh judgments?
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They crashed the economy causing an avalanche of suffering but we’re supposed to make nice.
Got it.
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Jerry: He’s a Goldman Sachs Banker. No matter how many boxes they check off (such as hiring more women)and the spin about a part time job as a D.J. these guys still climbed the ladder by separating people from their money. They are now attempting to put on a smiley face and a credit card in every sub prime borrowers wallet so they can garnish what’s left of their paychecks after the G.S. induced financial crisis, M.and A. activity that cost millions of jobs while creating billions in profit for themselves and the Wall Street takeover of all professions and businesses, from the doctors you see to the food you eat and the coffee you drink. Slime is still slime and reminds me of Sandy Weills moves at Citi in a lame attempt to separate himself from the mess he made by appointing Charles Prince followed by another layer or two before the whole thing blew up.
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I guess you don't remember when Clinton (Bill) said everyone needed to own a home, and when Cuomo ran HUD? And when Schumer, Boxer and Feinstein were told that Fannie and Freddie were failing and it needed to be looked at? All three of them turned deaf. Such short memories.
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Just one of the guys.
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Key question: what kind of music does he like?
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He ran the "junk bonds division" at Bear Sterns. Trump will, no doubt, keep an eye on him to head some White House economic council.
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We can be confident that Mr. Solomon will continue "doing God's work."
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Re Adams:
The only gods served on Wall Street are Greed, Lust and Entitlement. Nothing like "heads I win, tails you lose" capitalism.
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If he has to emerge, he's not apparent.
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Kim Jong-un succeeded Kim Jong-il in North Korea. Michael Coreleone
succeeded Don Corleone in "The Godfather". If those two Goldman-like
organizations can pull off successful transfers of power and carry on with
business as usual, the crowd at Goldman's can surely do the same.
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There were no qualified African Americans? Women? Latinos? No one? Seems very tribal.
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Tribal? What exactly is meant by that? Hm?
Perhaps you should examine your own biases rather than lecture others about the need to check diversity boxes.
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Perhaps a quick review of senior management in waiting at Goldman will provide illumination on how diversity boxes have been "checked?" Or not.
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Couldn't care less what these greedy monsters who are busy scavenging our economy do in their spare time. What does concern me is the revolving door ("the departure of Goldman’s president, Gary D. Cohn, who left to join the Trump administration as director of the National Economic Council") between these organizations and the government no matter which party is in office.
So long as that door keeps spinning, the needs of Main Street will take a back seat to the rapacious wants of Wall Street.
And yes, there is a store that sells pitchforks on Main Street.
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The "talented" one has prevailed... https://www.huffingtonpost.com/entry/goldmans-got-talent_us_59761d50e4b0...
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I suppose this solves the mystery of who leaked the news of Lloyd's exit
Given the climate and push for diversity and cultural shifts, its a shame they didn't appoint a woman. Is't it a little ironic-- DJ Sol moonlights as a DJ? Come on...
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A new economic-cannibal-in-chief. Yay!
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Really, the choice was who can vacuum up the most money fastest for the longest. There is no other calculus.
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It doesn't matter whose name is on the door. The chosen one must have a philosophy that Goldman and its interests always come first. If their clients make money as well, then good for the clients but that will probably just have been a coincidence.
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Wow. Barely a year after leaving, Cohn would have been handed one of the premier positions in banking. Instead he got Donald, and now a void. As trades goes, Gary: Worst. Trade. EVER!
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Not true - Lloyd would never have been forced out with Gary on deck; board would only ease Lloyd out in favor of new generation. Gary knew this.
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he got paid out on all his shares, so no tears there...and he had to do a quarter (eighth?) of the work....
What makes you think he had a shot at the top job? His departure tells us that he didn't believe it. And neither do any the people I know who work there.
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