Goldman Sachs CEO succession planning faces one big problem
The Goldman Sachs board has reportedly discussed replacing CEO David Solomon, 64, with president John Waldron, 57, as early as next year.
TL;DR
- Goldman Sachs is leading Wall Street in merger deals and equities revenue.
- The bank's board has reportedly considered replacing CEO David Solomon with president John Waldron.
- Solomon's tenure has seen a significant increase in Goldman shares, outperforming many peers.
- A potential challenge to the succession plan is Solomon's potential reluctance to leave and Waldron's potential impatience.
- Solomon's position as chairman gives him considerable influence over the board.
- Waldron received a substantial retention package, but could still be a target for other firms.