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        <title><![CDATA[Goldman Sachs CEO tells bankers to &#8216;look up&#8217; amid election unrest]]></title>
        <atom:link href="https://usagag.com/2020/11/05/goldman-sachs-ceo-tells-bankers-to-8216-look-up-8217-amid-election-unrest/" rel="self" type="application/rss+xml" />
        <link>https://usagag.com/2020/11/05/goldman-sachs-ceo-tells-bankers-to-8216-look-up-8217-amid-election-unrest/</link>
        <lastBuildDate>Thu, 05 Nov 2020 14:15:30 +0000</lastBuildDate>
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            <media:title type="html">Goldman Sachs CEO tells bankers to &#8216;look up&#8217; amid election unrest</media:title>
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						<p>Goldman Sachs chief David Solomon is trying to calm his troops while the tumult of the 2020 election continues to unfold.</p>
<p>In an audio message to Goldman staff on Wednesday evening &#8212; emailed out even as New York City <strong>cops clashed with unruly protesters in lower Manhattan</strong>&nbsp;&#8212; Solomon reminded his bankers that they had anticipated the election would likely be a dragged-out and contentious process.</p>
<p>“We knew that because of the pandemic, this election – just like the months leading up to it – would be different than anything we have witnessed before,” Solomon said in his message. “And that we would have to allow the time required for the democratic process to unfold.”</p>
<p>Likewise, Solomon &#8212; known for his love of pricey wines and his <strong>nightclub alter ego DJ D-Sol</strong>, encouraged Goldmanites to take a moment and “look up.&#8221;</p>
<p>“We must listen and learn from each other – no matter what side of the aisle,” Solomon said. “We could throw our hands up and accept a deeply divided country, or we can harness the energy of this moment in time towards finding the necessary common ground so we can all move forward together.”</p>
<p>JPMorgan boss Jamie Dimon <strong>sent a similar note to his staff</strong> on Wednesday morning urging “patience” and “faith” in the democratic process.</p>
<p>Unlike Dimon, who is known for speaking out on political matters and who has <strong>publicly clashed with President Trump</strong>, Solomon has not been politically outspoken during his two years running Goldman.</p>
<p>Solomon, however, has publicly committed to diversifying Goldman’s executive ranks and <strong>refused to do IPOs</strong> for any company without a woman on its board. He recently <strong>promoted 43-year-old Goldman exec Stephanie Cohen</strong> to a new role that puts her in play to succeed him as CEO in the future.</p>
<p>Still, Goldman carries the moniker “Government Sachs” &#8212; a reference to the ranks of Goldman bankers who have left to serve at the White House and other top US government roles.</p>
<p>Solomon himself took the No. 2 role at Goldman when his predecessor, former bank president and chief operating officer Gary Cohn left to become President Trump’s top economic advisor in January 2017.</p>
<p>Dina Powell, a bank executive who currently sits on Goldman’s management committee, joined Cohn in the White House <strong>before returning in early 2018.</strong></p>
			
					
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