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Behind the Goldman Sachs Race to the Top Was a Quiet Battle for Blankfein's Favor

  • Investment banker David Solomon wins out as CEO successor
  • Co-president Harvey Schwartz will leave the firm in April
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David Solomon is next in line to replace Lloyd Blankfein at Goldman Sachs. Bloomberg’s Erik Schatzker reports. (Source: Bloomberg)
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Lloyd Blankfein was about to bet the future of Goldman Sachs.

It was Feb. 21, and Blankfein had gathered with the Goldman Sachs Group Inc. board to reveal his long-awaited recommendation for the bank’s next chief executive officer -- the one who would steer the Wall Street giant through the next phase of its 149-year history.