Goldman Sachs CEO David Solomon is accused of ‘blatant ignorance and disrespect’ by students at his alma mater
Goldman Sachs CEO David Solomon is accused of ‘blatant ignorance and disrespect’ by students at his alma mater
The students said Solomon claimed that he did more in a week to help climate change than they would ever do.
Sounds like a lovely guy /s
For those who didn't read, he said that student concerns over climate change were dumb because it's not going to affect him personally, and he's rich and they're not, so they should just be grateful to live in the world that revolves around him and shut up. Paraphrased, but only lightly.
92It hasn't come to a point where they're afraid to say that shit in public, and honestly I think that needs to change.
27Basic pitchfork economics. I'd imagine this cunt is high on the list of examples to be made, if the time were to come.
12The French invented guillotines for a reason. Unfortunately we're not using them as we should be 😔
5
but only lightly
This is still too much of a caveat:
The students said Solomon, 61, claimed that he did more in a week to help climate change than they would ever do, pointing to his capital accumulation and position of power. He also guessed that the group — all non-male and mostly people of color — all benefited from financial aid, and therefore should feel indebted to endowment they were questioning, according to the letter.
“At one point, he laughed and told us he’d be dead in thirty years, so climate change would be our problem anyway,” the students wrote. They said Solomon indicated fossil-fuel divestment was a stupid movement and that if the students traveled to countries like China, India and Cambodia they could see how the world “really worked” before deciding if they wanted to live like that. Shortly after, in June, Solomon convened a Goldman Sachs board meeting in India.
Personally, I would like more CEOs telling people to visit China to see how they live. At least the west had the sense not to encourage this kind of thing to the Soviet Union because they realised people would either stay there or come back a communist.
5What bothers me more is I AM the main character in this story called life, and that git of an NPC was coded to think he is... and because he's an NPC, he was given everything to create further drama in MY story! /s
Okay, only slightly being sarcastic... ;)
4
Didn't this guy lose $2 billion by partnering with Apple to back the Apple card that no other bank was willing to do? I don't know how he's still CEO after letting that happen.
48Rich white men never face consequences for anything. Failure just means promotion.
25Will repeat a point I made in another comment.
Bernie Madoff did end up in jail. But it wasn't the large amount of stolen money.
It was because he made the mistake of robbing other rich assholes.
10Gotta fuck up to move up
5
CEO is a piece of shit. More at 7
33It's 7. Tell me more!
10Checked in - still a piece of shit.
8He's a piece of shit with a piss marinade now.
3
This is the best summary I could come up with:
A group of seniors preparing to graduate from his alma mater, upstate New York’s Hamilton College, wrote a letter accusing the Goldman Sachs chairman and chief executive officer of “blatant ignorance and disrespect” as they spoke with him about the school’s investments in fossil fuels at a trustee networking event.
The letter, jointly written by three members of the class of 2023 and published on the school newspaper’s website in May, was reported Friday by New York Magazine as part of a story on unrest within Goldman Sachs over Solomon’s management style.
They said Solomon indicated fossil-fuel divestment was a stupid movement and that if the students traveled to countries like China, India and Cambodia they could see how the world “really worked” before deciding if they wanted to live like that.
But he’s faced elements of revolt from the firm’s powerful cadre of partners over issues tied to the business, such as the costly consumer-banking flop, and some specific to Solomon himself — complaining about his brusque management style and his use of the corporate jet for leisure.
A growing list of senior departures has also drawn attention, with some executives departing soon after taking new posts, and some top women exiting amid criticism about the firm’s culture.
Tom Montag, who spent more than two decades at Goldman and helped run the trading business when Solomon ran investment banking, was named to the board of directors last month.
I'm a bot and I'm open source!
32The man literally looks like Lex Luthor.
20Honestly, I think he sounds like a worse person than Lex Luther.
Lex Luther is a social Darwinist. He's a piece of shit, but he has an ethos. This guy seems like just greed in a suit. It's honestly more pathetic.
20Say what you will about Social Darwinism, Dude, but at least it's an ethos.
10
I was thinking Prigozhin and Bruce Willis lovechild
3They can't help it. All these billionaires are related.
2
Don't mess with students. They have time, information and gumption.
18While I really get what you're saying, the unfortunate situation is that they are always a secondary fiddle to money
13LOL
0
Isn't that DJ D-Sol? I did not know that he is also CEO of Goldman Sachs!
5This part offers some more interesting insight to his character. Yet another insecure c-suite lashing out at anyone who criticizes him.
The letter, jointly written by three members of the class of 2023 and published on the school newspaper’s website in May, was reported Friday by New York Magazine as part of a story on unrest within Goldman Sachs over Solomon’s management style.
Solomon oversaw record results for Goldman Sachs in 2021, and the stock is up more than 50% since he took over almost five years ago. But he’s faced elements of revolt from the firm’s powerful cadre of partners over issues tied to the business, such as the costly consumer-banking flop, and some specific to Solomon himself — complaining about his brusque management style and his use of the corporate jet for leisure.
A growing list of senior departures has also drawn attention, with some executives departing soon after taking new posts, and some top women exiting amid criticism about the firm’s culture. The tally includes executives Solomon has elevated, like Julian Salisbury, who left last month for Sixth Street Partners.
4This is the best summary I could come up with:
A group of seniors preparing to graduate from his alma mater, upstate New York’s Hamilton College, wrote a letter accusing the Goldman Sachs chairman and chief executive officer of “blatant ignorance and disrespect” as they spoke with him about the school’s investments in fossil fuels at a trustee networking event.
The letter, jointly written by three members of the class of 2023 and published on the school newspaper’s website in May, was reported Friday by New York Magazine as part of a story on unrest within Goldman Sachs over Solomon’s management style.
They said Solomon indicated fossil-fuel divestment was a stupid movement and that if the students traveled to countries like China, India and Cambodia they could see how the world “really worked” before deciding if they wanted to live like that.
But he’s faced elements of revolt from the firm’s powerful cadre of partners over issues tied to the business, such as the costly consumer-banking flop, and some specific to Solomon himself — complaining about his brusque management style and his use of the corporate jet for leisure.
A growing list of senior departures has also drawn attention, with some executives departing soon after taking new posts, and some top women exiting amid criticism about the firm’s culture.
Tom Montag, who spent more than two decades at Goldman and helped run the trading business when Solomon ran investment banking, was named to the board of directors last month.
I'm a bot and I'm open source!
1How strange. I'd never heard of this man before and my Uber driver yesterday told me he gave him a ride to the airport last week.
1