meta_pixel
Tapesearch Logo
Log in
Behind the Money

Has Goldman Sachs already chosen its next CEO?

Behind the Money

Topher Forhecz

Markets, Investing, News, Banking, Finance, Business, Business News, Crypto

4.4350 Ratings

🗓️ 30 April 2025

⏱️ 28 minutes

🧾️ Download transcript

Summary

Goldman Sachs may have picked its next chief executive years before any planned handover. It has raised eyebrows on Wall Street and would break from the usual process, where multiple candidates typically compete for the top job down to the last second. But it also completes an incredible comeback by current Goldman Sachs CEO David Solomon. The FT’s US banking editor Joshua Franklin explains how Solomon reasserted his control over Goldman Sachs after a near rebellion and whether his potential successor is up to the task of running one of the world’s biggest banks.


Clips from CNBC, Goldman Sachs


- - - - - - - - - - - - - - - - - - - - - - - - - - 

For further reading:

Has Goldman Sachs already chosen its next CEO?

Goldman Sachs has lost its way

Goldman Sachs hands chief David Solomon $80mn retention award

- - - - - - - - - - - - - - - - - - - - - - - - - - 


Follow Joshua Franklin on X (@FTJFranklin). Michela Tindera is on X (@mtindera07) and Bluesky (@mtindera.ft.com), or follow her on LinkedIn for updates about the show and more. 


Read a transcript of this episode on FT.com



Hosted on Acast. See acast.com/privacy for more information.

Transcript

Click on a timestamp to play from that location

0:00.0

Balance your trading strategy by adding futures.

0:03.2

CME Group helps you manage risk and capture opportunities in all market environments.

0:08.3

Capitalize on around the clock access to highly liquid global futures and options markets across all major asset classes.

0:15.8

Visit your online broker and get started.

0:18.0

See what adding futures can do for you at CMEgroup.com slash podcast.

0:23.2

Derivatives are not suitable for all investors and involve the risk of losing more than

0:26.3

the amount originally deposited and any profits you might have made.

0:29.0

This is not a recommendation to offer to buy, sell, or retain any specific investment or

0:33.1

service.

0:36.5

Please take your place along the starting line.

0:45.8

In finance, there's no bigger race to win than becoming a CEO on Wall Street.

0:52.2

Beyond the tens of millions of dollars that you stand to make, these are very, very rare seats.

0:58.0

You know, there's only a handful of them in the world to run a big global investment bank.

1:04.0

It's a seat that matters.

1:06.0

That's CFT's US Banking editor, Joshua Franklin.

1:09.0

He says that scoring one of these jobs is a tough

1:12.4

competition. The likes of J.P. Morgan Chase, Morgan Stanley, Bank of America, City Group,

1:17.3

they're labeled global, systemically important banks. These are pretty hard-charging places,

1:22.3

and that can make it pretty competitive. Josh, would you say that it's more of a sprint or a marathon?

1:30.9

I'd say these are very grueling marathons that people dedicate years and sometimes decades

1:36.3

of their lives to winning.

1:38.3

Look at the situation at Morgan Stanley, J.P. Morgan, where you always have a horse race

...

Transcript will be available on the free plan in 19 days. Upgrade to see the full transcript now.

Disclaimer: The podcast and artwork embedded on this page are from Topher Forhecz, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Topher Forhecz and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2025.