Former Goldman Sachs Partners Blame CEO's Mistakes, Not Personality
A total of 202 partners have left Goldman Sachs during CEO David Solomon's tenure, with former partners citing personnel decisions, pay, and strategy missteps as reasons for their departures. Some criticized Solomon and Goldman's president and COO, John Waldron, for elevating executives without appropriate management experience and placing individuals in charge of teams where they lacked industry expertise. The asset- and wealth-management division was highlighted as an example of a unit that suffered from Solomon's leadership choices. Despite the criticism, investors have largely supported the shift in strategy, and Goldman's stock has performed well under Solomon's leadership.