Wall Street is many things. It's an actual street in New York City. It's a symbol of

American finance, and it's also a thing of lore. Just think about the movies.

And among Wall Street firms, there's one that stands out from the rest.

Goldman Sachs is the most elite Wall Street institution. Period. That's our colleague,

Anna Maria Andriotis. She covers Goldman. It reaches into not only the biggest

companies in the US and in the world. It's reaches deep in governments. Goldman Sachs

is the institution where companies and governments go to when they need help be it raising capital,

doing bond deals. That is what Goldman is. And big picture. What's going on at Goldman Sachs

right now? The big picture is that not all as well at Goldman Sachs. There is disagreement

about the direction of the firm and whether it's made some strategic mistakes in recent

years. At the center of the debate is Goldman CEO David Solomon. Under Solomon, the stock

price of Goldman has gone up. But some of the firm's top executives have been privately

complaining about Goldman's direction. These disagreements and debates are about what

is Goldman Sachs right now? What is it trying to become? What is our strategy? Why did these

mistakes occur? And is this largely the fault of the CEO or no?

Welcome to the journal, our show about money, business and power. I'm Kate Leinbach. It's Wednesday,

June 21st.

Moving up on the show, the war inside Goldman Sachs. Every Wall Street firm runs a little differently.

For more than a hundred years, Goldman Sachs was run as a private partnership. If you worked

there, you wanted to make a partner, which meant investing your own money in the firm and getting

a say in how it was run. Effectively, we're all in this together as partners. Our interests are largely

aligned because we're all invested in this firm together and we move together as one. Now,

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