Particle.news

Download on the App Store

Goldman Sachs CEO David Solomon Faces Questions Over Corporate Jet Use and Ties to Luxury Real Estate Developer

Image
Image
Image

Overview

  • Goldman Sachs CEO David Solomon owns shares in a luxury real-estate developer that built a Bahamas resort where he already has a home.
  • Solomon frequently uses Goldman Sachs' corporate jet for personal trips to his Bahamas home and golf trips, though he reimburses most of the costs.
  • Solomon's investment in the real estate company and his use of the corporate jet for personal reasons raise concerns about potential conflicts of interest and distractions from running Goldman Sachs.
  • Though approved by Goldman's compliance department, Solomon's ties to the real estate firm could require him to recuse himself from future decisions involving the company.
  • Solomon's electronic dance music hobby has also drawn criticism from some Goldman employees as an unnecessary distraction.