Goldman Sachs' Waldron Edges Closer to Top Job

• Goldman Sachs' board is reportedly discussing COO John Waldron as the next CEO, potentially by 2027/2028.
• Current CEO David Solomon's push into consumer banking 'ended quite badly', leading to billions in losses and internal unrest.
• John Waldron is characterized as a more 'people-oriented' leader, adept at managing relationships, which could be a key asset for Goldman's future.
• Solomon's recent comments suggest a shorter remaining tenure than previously indicated, fueling succession speculation.

The discussion centers on the potential CEO succession at Goldman Sachs, with COO John Waldron positioned to replace David Solomon as early as 2027. Solomon's tenure has faced scrutiny, particularly regarding the failed consumer banking expansion, highlighting the need for a leader with strong internal and external relationship management skills.