Finance
Goldman Taps Solomon Ally Montag for Board Amid Disquiet in Ranks
- Board plans to add Montag as members gather in India this week
- Move comes at a time of heightened discontent among executives
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Goldman Sachs Group Inc. plans to add Tom Montag to its board, enlisting a prominent alum at a time when discontent in the firm’s ranks has spilled into public view.
The board, gathering in India, is tapping a Goldman Sachs veteran who is seen as an ally of Chief Executive Officer David Solomon, according to people with knowledge of the matter. Montag rose to second-in-command at Bank of America Corp. after leaving Goldman 15 years ago.