For David Solomon, ‘Times Are Good’ for Goldman and Economy

  • Goldman boss sees an uptick in IPO and dealmaking activity
  • Bank’s stock has scaled record highs after consumer retreat

David Solomon

Photographer: Cyril Marcilhacy/Bloomberg
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Goldman Sachs Group Inc.’s investors were skeptical, its profits were slumping and its chief executive officer found himself under pressure. About a year later, David Solomon can smile.

“When times are good, things feel good,” Solomon said in an interview with Bloomberg Television from a summit on French business in Versailles. “When times are tougher, things don’t feel as good.” If smart colleagues work together and can serve clients, “we’ll do just fine.”