Finance

Goldman CEO’s Most Loyal Deputy Is Tested by Mutinous Partners

Executives frustrated with David Solomon’s leadership are turning attention to the bank’s No. 2, John Waldron: Will he be tempted to break with his longtime mentor?

David Solomon and John Waldron

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The smell of seared red meat — $180 porterhouse, to be precise — hung in the air as bankers and traders from Goldman Sachs bluntly sized up their CEO.

In a once-unthinkable public display, a boisterous crew of senior managers gathered at an upscale Manhattan steakhouse last month and soon veered off their anodyne agenda. The conversation turned to the company’s failings and, in particular, those of its leader, David Solomon.