Goldman Sachs CEO David Solomon Hangs Up His DJ Headphones As Media Attention 'Became A Distraction:' FT

David Solomon, the Chief Executive Officer of Goldman Sachs GS, has reportedly chosen to step back from DJing at high-profile events. Solomon’s secondary career as a DJ had come under fire for allegedly diverting his attention from his primary role at Goldman Sachs.

What Happened: The Financial Times reports that Solomon made the decision to retreat from DJing roughly a year ago, amid escalating media scrutiny. His last known appearance as a DJ took place at Lollapalooza, a renowned music festival in Chicago, in July 2022.

Goldman’s spokesperson, Tony Fratto, clarified, "Music was not a distraction from David's work. The media attention became a distraction." Fratto also verified that Solomon has not DJed at any public event for over a year now.

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Solomon’s DJing hobby had previously drawn the attention of Goldman Sachs’ board of directors. Following a DJ stint at a gathering in the Hamptons, New York, which violated pandemic-related social distancing norms, Solomon had to apologize to the board in 2020.

Since his appointment as CEO in 2018, Solomon has had to navigate a plethora of challenges, including reduced pay, high-profile exits, and multiple articles casting doubt on his leadership capabilities.

Why It Matters: Solomon’s leadership style, characterized by intensity and rigor, has been a double-edged sword. While it has led him to numerous successes, it has also kindled internal dissent.

Goldman’s financial performance under Solomon’s leadership has also been under the microscope. The firm is projected to report lower earnings for the third quarter on Tuesday, adding to the list of challenges he has faced during his tenure.

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