🎧 Listen: In today’s episode of The Journal podcast, AAndriotis explains why Goldman Sachs CEO David Solomon is under fire from partners who complain about bonuses, strategy and his DJ side gig
This transcript was prepared by a transcription service. This version may not be in its final form and may be updated.
AnnaMaria Andriotis: These disagreements and debates are about what is Goldman Sachs right now? What is it trying to become? What is our strategy? Why did these mistakes occur, and is this largely the fault of the CEO, or no? AnnaMaria Andriotis: So now, basically the challenge is, how do you balance that? How do you balance a publicly traded company, and one that is both a publicly traded company and a partnership? And that's where a lot of the friction has rested in recent years.
AnnaMaria Andriotis: It was clear from when he took over as CEO that he was there to impose corporate discipline on what was a freewheeling structure.
AnnaMaria Andriotis: There were a lot of partners who thought this was a very bad idea, who told David not to move forward. The deal went through, I mean, this was something that David really wanted to do, period.
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