Goldman Sachs Commodities Head Retires After Earning $100m in Three Years

Ed Emerson, who earned more than CEO David Solomon, will stay on as an advisory director after his retirement.

Ed Emerson, head of global commodities at Goldman Sachs, is retiring after making an estimated $100m in three years, more than CEO David Solomon.
Emerson, who joined Goldman Sachs in 1999, has been instrumental in the bank's commodities division, leading it to become one of the most profitable divisions in the bank.
Under Emerson's leadership, the commodities division navigated global volatility due to the Covid-19 pandemic and the Ukraine war, resulting in large profits in commodity markets.
Emerson has been a vocal critic of Solomon's leadership, particularly his unsuccessful attempts to pivot to consumer banking.
Following his retirement in March, Emerson will stay on as an advisory director, with Xiao Qin and Nitin Jindal promoted to replace him.