Goldman Sachs Faces Shake-Up as Top Executive Jim Esposito Plans Surprise Exit

Jim Esposito, co-head of Goldman Sachs' global banking and markets division, is leaving after nearly three decades, raising questions about the race to succeed CEO David Solomon. His departure follows a period of high-profile management and board changes for the Wall Street giant. Esposito's exit could shift attention to other potential CEO candidates, including president John Waldron and asset and wealth management head Marc Nachmann. Goldman is undergoing significant changes as it recovers from a challenging year, with profits down 24% and several other high-profile departures from the management ranks.