Goldman Sachs Undergoes Transformation Under CEO David Solomon

Despite Internal Disagreements, Bank's Stock Rises and Focus Shifts to Core Businesses

Goldman Sachs CEO, David Solomon, has been transforming the bank since he took over in 2018, leading to three reorganizations and the departure of over 200 partners.
Solomon's changes have included modernizing the bank, diversifying its ranks, and increasing transparency to shareholders.
Despite some internal disagreement with Solomon's leadership style and changes, the bank's stock has risen under his leadership, winning the support of shareholders and board members.
Goldman Sachs has moved away from its consumer banking efforts and reorganized in 2022 to focus on two core businesses: investment banking and trading and its asset and wealth management business.
Despite the changes under Solomon, Goldman Sachs remains a top job destination for aspiring bankers and continues to be a leading bank for M&A and IPOs.