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Goldman Names David Solomon Sole President, Next In Line To Be CEO
03-12-2018, 09:32 AM,
#1
Goldman Names David Solomon Sole President, Next In Line To Be CEO
Goldman Names David Solomon Sole President, Next In Line To Be CEO

<p>So much for that Lloyd Blankfein tweet...</p>

<p> </p>

<blockquote class="twitter-tweet" data-lang="en">
<p dir="ltr" lang="en" xml:lang="en" xml:lang="en">It's the <a href="https://twitter.com/WSJ?ref_src=twsrc%5Etfw">@WSJ</a>'s announcement...not mine. I feel like Huck Finn listening to his own eulogy.</p>
— Lloyd Blankfein (@lloydblankfein) <a href="https://twitter.com/lloydblankfein/status/972214555991576577?ref_src=twsrc%5Etfw">March 9, 2018</a></blockquote>
<script async="" src="https://platform.twitter.com/widgets.js" charset="utf-8"></script><p> </p>

<p>In an announcement that effectively confirms a Wall Street Journal story from last week, Goldman Sachs named David Solomon, currently a co-president of the investment bank, as next in line to replace CEO Lloyd Blankfein.</p>

<p>He will also take over sole responsibility as the bank's president. His former co-president Harvey Schwartz will retire.</p>

<p><a data-image-external-href="" data-image-href="/sites/default/files/inline-images/2018.03.12solomon.JPG?itok=irAI0OA3" data-link-option="0" href="https://www.zerohedge.com/sites/default/files/inline-images/2018.03.12solomon.JPG?itok=irAI0OA3"><img data-entity-type="file" data-entity-uuid="05db4393-1a87-420f-8862-e4c3b07faf64" data-responsive-image-style="inline_images" height="269" width="500" srcset="https://www.zerohedge.com/sites/default/files/styles/inline_image_desktop/public/inline-images/2018.03.12solomon.JPG?itok=irAI0OA3 1x" src="https://www.zerohedge.com/sites/default/files/inline-images/2018.03.12solomon.JPG" alt="Goldman" typeof="foaf:Image" /></a></p>

<p>The <a href="https://www.zerohedge.com/news/2018-03-09/goldman-ceo-blankfein-set-leave-wsj-reports">WSJ reported</a> on Friday that Goldman Sachs CEO Lloyd Blankfein was preparing to step down as Goldman Sachs chief executive as soon as the end of the year, ending his 12-year-plus run at the helm of the world's most influential investment bank, which, under his leadership, earned the affectionate sobriquet "the Vampire Squid".</p>

<p>Goldman shares initially kneejerked lower on the news, before turning higher, helping to carry the Dow higher.</p>

<p>Blankfein said during a television interview last year that he wanted to leave Goldman "stronger than it was when I found it," though he did initially appear hostile to the idea, as we pointed out above.</p>

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