Is Goldman Sachs too big to change?

Behind the Money

Topher Forhecz

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

4.4 • 350 Ratings

🗓️ 31 August 2022

⏱️ 21 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Early in his tenure the new Goldman Sachs CEO David Solomon presented a grand new vision for what the massive bank should become. How has it panned out since? And is there still time for Solomon to make the changes it needs? The FT’s US banking editor Joshua Franklin examines what Solomon has and hasn’t achieved in his four years at the helm.

Clips from CBS

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For further reading:

In era of quick-fire bosses, Wall Street embraces the ‘forever CEO’

The reinvention of Goldman Sachs: what has David Solomon achieved?

Goldman raises profitability target in effort to bridge valuation gap

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On Twitter, follow Joshua Franklin (@FTJFranklin) and Michela Tindera (@mtindera07)

Read a transcript of this episode on FT.com

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Transcript

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0:00.0	Am I missing anything? Is this the right decision?
0:02.0	Can I show this data?
0:04.0	Am I too late?
0:05.0	Find clarity in your investment decision-making.
0:08.0	Manage your portfolio for sustainable growth
0:11.0	and regulatory alignment
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0:14.6	industry expertise.
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0:21.1	facts, not opinions.
0:23.0	Clarity AI scaling human decisions through tech.
0:26.6	Visit clarity.
0:28.0	AI and take action today.
0:31.6	In January of 2020, David Solomon, the new CEO of Goldman Sachs, stepped on stage to address
0:38.6	investors for a public presentation.
0:41.1	Good morning everyone and welcome to Goldman Sachs.
0:44.7	I am really, really excited to have you all here today and super excited.
0:48.7	David was just a couple of years into the job as CEO of the massive bank. And the F.T.'s US banking editor Josh
0:56.2	Franklin says at this time Goldman had a pretty established game plan for how it
1:02.0	made its money. They're really at the
1:04.3	intersection of what makes global finance tick. They help provide a lot of the
1:08.8	liquidity and plumbing around the around financial markets to do a lot of market making activity.
	...

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