Goldman Sachs Ushers In New Era as Solomon Takes CEO Reins
- Former investment bank head was named sole president in March
- Credit crisis, record profits marked Blankfein’s 12-year run
This article is for subscribers only.
It’s official at long last: David Solomon will inherit the crown from Lloyd Blankfein at Goldman Sachs Group Inc.
The news, announced Tuesday -- after more than a year of jockeying, choreography and speculation -- fully and finally sets in motion one of the most significant succession plays on Wall Street. On Oct. 1, just 76 days from now, Solomon will start running Goldman Sachs, which sits at the center of more concentric circles of money and power than perhaps any other firm in the industry.