Big Cut, Big Man 📉

Big Cut, Big Man 

Goldman Sachs is one of the most well respected and coveted names in the world of finance. Since their IPO in 1999, Goldman has been synonymous with wealth and status for many in the industry. At the top of this bank’s massive totem pole is Chairman and CEO, David Soloman. Solomon began his role as CEO back in October of 2018. Despite his high-status Solomon is a unique CEO and is also known as “D-Sol” on weekends, when he performs his side gig as a DJ at nightclubs in New York City. Solomon also rides the New York City subway to work and prefers to fetch his own coffee at the office. Solomon has even relaxed dress codes and Goldman.

Since his appointment as CEO, Soloman has done well navigating the bank through the virus, with Goldman Sach stock up to around the $300 mark, a long way from its $190 price tag back just 3 months ago in November of 2020. Recently however, this rally has taken a steep drop, along with Solomon’s salary.

This comes as news broke regarding a recent scandal involving Soloman. Specifically, CNN reports: Goldman Sachs arranged and underwrote for a Malaysian strategic development company, from which the US Justice Department alleges $4.5 billion was stolen. The Justice Department accused Malaysian financier Jho Low, who had ties to the film “The Wolf of Wall Street,” of masterminding a plot to channel the money from the fund to former Malaysian Prime Minister Najib Razak’s bank accounts.

How would you feel if you were a Soloman? Is 10 Million really a big deal if you’re already making so much money?

I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.

Share:
More Posts
OPEC’s Decision 🛢
1 December, 2023

OPEC leaders just hosted an important late-November meeting that may signal a change in strategy.

Load More
Get your daily Invstr Crunch

Get the market news and updates you need, delivered to your inbox or available on our daily podcast.

Facebook Twitter Youtube Instagram Snapchat Tiktok
learn
products
plan
Who we are
blog

Risk Disclosure:

Invstr is not a bank and banking services are provided by Vast Bank, N.A.

Brokerage and Banking services are currently only available to U.S. residents.

Invstr app and web services are provided by Invstr Ltd. Advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC) details of which can be obtained here. Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value.

Investing involves risk and can lead to losses. Past performance does not guarantee future results.

Invstr app and web services are provided by Invstr Ltd. Invstr+ advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC). Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value. Vast Bank N.A. a nationally chartered bank and member of the FDIC, provides the banking products, including the products and services related to digital asset accounts. As with any asset, the value of Digital assets can go up or down and there can be a substantial risk that you lose money buying or holding digital assets. You should carefully consider whether trading or holding Digital assets is suitable for you in light of your financial condition. Your digital account does not support wallet to wallet transferring of your digital assets (i.e. cryptocurrencies) outside the platform. Any Digital Assets in your digital asset account are not insured by any government entities, including but not limited to FDIC or SIPC. The Invstr Visa® Debit Card is issued by Vast Bank, N.A. pursuant to a license from Visa U.S.A Inc and may be used everywhere Visa debit cards are accepted. Invstr Ltd, Invstr Financial LLC and Invstr Securities Ltd are subsidiaries of Marketspringpad Holdings (collectively “Invstr”) and Invstr is solely responsible for the application services and website content.

Watchlists provided when users first access the service are not a recommendation to invest. Instead they are provided to help users better navigate the service. Users are free to edit and create their own watchlists. From time to time, Invstr will suggest instruments solely based on an individual’s interest and the interest levels of the Invstr community. The statistical and portfolio builder models generated by Invstr do not reflect actual investment results and are not guarantees of future results. Comments provided by Invstr leaders, influencers or members of the Invstr Community are not recommendations and should not be construed as such. Invstr does not endorse the content or the positions posted by them. Their investment approach, and that of the models provided by Invstr, may be different from yours and may not be appropriate for you.