Goldman Sachs Reassures Embattled CEO by Adding Ally to Board

Tom Montag is set to join Goldman Sachs' board of directors.
Montag is a longtime ally of CEO David Solomon, who has faced criticism over strategic missteps and layoffs.
Montag left Goldman Sachs 15 years ago after working there for over two decades.
The move is seen as helping to shore up support for Solomon's leadership.
Goldman's board had considered reevaluating Solomon, but Montag's addition may help reassure them.