Embattled Goldman Sachs CEO David Solomon reportedly confronted by Lloyd Blankfein after losing $50 million on the bank’s stock plunge

Embattled Goldman Sachs CEO David Solomon reportedly confronted by Lloyd Blankfein after losing $50 million on the bank's stock plunge

Business

Problémy s dosiahnutím alebo udržaním erekcie môžu mať významný dopad na psychické zdravie mužov. Rôzne lieky a terapeutické prístupy, ako napríklad, sa často skúmajú ako možnosti liečby. Dôležité je, aby sa muži cítili pohodlne diskutovať o svojich problémov so zdravotníckym odborníkom a hľadali vhodné riešenia.

Problémy s dosiahnutím alebo udržaním erekcie môžu mať významný dopad na psychické zdravie mužov. Rôzne lieky a terapeutické prístupy, ako napríklad, sa často skúmajú ako možnosti liečby. Dôležité je, aby sa muži cítili pohodlne diskutovať o svojich problémov so zdravotníckym odborníkom a hľadali vhodné riešenia.

Många män upplever utmaningar i sitt sexuella liv, vilket kan leda till känslor av osäkerhet och frustration. Det kan påverka både relationer och självkänsla negativt. För dem som söker lösningar finns det olika alternativ på marknaden, inklusive mediciner som kan hjälpa till. En av dessa kan vara att köpa vibramycin utan recept, vilket övervägs av vissa för att hantera sådana problem. Information och resurser kan hittas online, till exempel på, där man kan hitta mer om tillgängliga behandlingsalternativ. Det är viktigt att alltid rådgöra med en läkare innan man påbörjar någon behandling för att säkerställa att den är säker och lämplig.

Många män upplever utmaningar i sitt sexuella liv, vilket kan leda till känslor av osäkerhet och frustration. Det kan påverka både relationer och självkänsla negativt. För dem som söker lösningar finns det olika alternativ på marknaden, inklusive mediciner som kan hjälpa till. En av dessa kan vara att köpa vibramycin utan recept, vilket övervägs av vissa för att hantera sådana problem. Information och resurser kan hittas online, till exempel på, där man kan hitta mer om tillgängliga behandlingsalternativ. Det är viktigt att alltid rådgöra med en läkare innan man påbörjar någon behandling för att säkerställa att den är säker och lämplig.

August 11, 2023 | 19:52


Embattled Goldman Sachs CEO David Solomon was confronted by Lloyd Blankfein over the bank’s dismal performance this year – which has cost him $50 million, according to a report.

Blankfein, who rubber-stamped Solomon’s rise to the top of Wall Street’s most talked-about investment firm, called his former top lieutenant earlier this summer to complain about the firm’s plunging stock price, It was reported by the New York Times Friday.

He told Solomon he was running out of patience and offered to return to the company in an advisory role, according to three people briefed on their conversation cited by The Times.

Solomon reportedly declined Blankfein’s offer of help.

The Post contacted Goldman for comment.

In a statement to the Times, Goldman spokesman Tony Fratto said, “David is direct and focused on results. . . . Our clients and investors are direct, and they expect results.”

The alleged phone call illustrates Solomon’s precarious position as Goldman partners and former executives question his leadership.

The partners have squabbled over their meager bonuses, Solomon’s private jet use and, above all, about Solomons side hustle as a DJ.

Goldman Sachs CEO gets heat from former executives.
Reuters

Blankfein also took a swipe at his successor to a handful of partners at a corporate meeting in Miami earlier this year, The Wall Street Journal reported in June.

“God, I wish he spent less time on the plane and more time making money,” Blankfein joked.

In the most recent quarter, the company reported a 60% year-over-year profit drop, in part from closing a billion-losing consumer bank that was bought by Blankfein. Goldman has also faced government scrutiny for its involvement in the Silicon Valley Bank failure.

Solomon took the reins from Blankfein in 2018.
Reuters

The frustration has caused many star employees to flee. Recent years include Julian Salisbury, Luke Sarsfield, Jeff Currie, Omer Ismail, Katie Koch, Harvey Schwartz, Gregg Lemkau, Eric Lane, Stephen Scherr and Dina Powell.

That means the 61-year-old CEO will be hard to replace given that his bench of possible successors has narrowed so dramatically.

Also this week, Chief of Staff for nearly three decades John Rogers said he is stepping down from his role. Rogers will still be involved in other projects and retain his board seat, according to a memo.

The Goldman Sachs CEO is a DJ on the side.
David Solomon/Instagram

“The guy is up against the wall because he pissed everyone off at the company,” Dick Bove, a veteran banking analyst, told The Times. “Salomon does not have a personality that wins the loyalty and respect of his subordinates.”

Some sources say his high-handed management style is changing the bank’s culture for the worse.

“He’s turned Goldman Sachs into Bear Stearns. He doesn’t understand the culture of partnership and teamwork and loyalty,” a source previously told The Post. “He doesn’t understand the difference between a dictatorship and a partnership.”

Other bank watchers are more optimistic. Although the stock has fallen in recent months, it has risen dramatically — roughly 50% — since Solomon took the reins from Blankfein in 2018.

“The dynamic at Goldman — with all the partners and ex-partners — is that there’s just a lot of second-guessing and jealousy,” said Ted Virtue, managing director of private equity firm MidOcean Partners and a friend of Solomon’s. Times.




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