, Columnist
Goldman’s Woman Problem Just Keeps Getting Worse
CEO David Solomon’s lack of action on diversity speaks louder than words.
Enough talk.
Photographer: Bryan van der Beek/Bloomberg
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David Solomon, CEO of Goldman Sachs Group Inc., was hoping to take a victory lap.
On Friday, the firm released his annual letter to shareholders, which he used to tout the successes of his five-year tenure: book value per share up about 50%, stock price up some 130% versus about 60% for its peer group, a quarterly dividend that has more than tripled. He proudly noted that the firm had raised more than $250 billion in alternative assets under management, beating its $225 billion goal a year early.