What’s on David Solomon’s Mind as He Enters Year Two as CEO?

Goldman Sachs Exchanges

Goldman Sachs

Business

4.4 • 1K Ratings

🗓️ 1 October 2019

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this episode, David Solomon reflects on his first year as Goldman Sachs CEO: “I've been very focused on making sure that our client focus is at the center of everything we do, and that we really work with our clients as one firm,” he says. “We're a divisional firm, we've always been a divisional firm, but I think there's a great opportunity to make sure for our clients that we're delivering the whole firm.” Looking toward year two, Solomon says his priorities are about execution – from centralizing the firm's investing platforms to scaling new business initiatives, such as the Apple-Goldman Sachs credit card. “The big thing that we as a leadership team -- and I'm very personally focused on -- is the rollout of our broader strategy,” Solomon says.

Transcript

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0:14.0	This is exchanges Goldman Sachs, where we discuss developments currently shaping markets, industries in the global economy. I'm Jake Stewart, Global Head of Corporate Communications here at the firm.
0:17.0	Today we're sitting down with our CEO, David Solomon.
0:20.0	October 1st marks one year since David has been leading Goldman Sachs though he's been at the firm for 20 years and we'll talk about that.
0:26.0	We'll also talk about what he's been up to over the past year and his top priorities for year two as CEO.
0:31.0	And we'll ask him about what does outside the office as well so you can look
0:34.3	forward to that David welcome to the program. Thanks a lot Jake happy to be here again.
0:38.4	You've been CEO for just about a year now. Bring us back to October 1 of last year your first official day. What was it like waking up that morning and going to work?
0:47.0	I think the exciting thing about waking up that morning is I woke up in beautiful sunny, southern California.
0:52.0	I spent my first day as CEO at the Fortune Most Powerful Women Summit,
0:57.2	which was really a great way to start my tenure because it allowed me to put an emphasis
1:02.2	on something that's really important to me, which is diversity,
1:04.4	inclusion of Goldman Sachs. And so that's an event that the firm has been affiliated with for a long time.
1:09.6	Lloyd would attend on an annual basis. It's a real privilege to attend. There are very few men that come and have the opportunity to talk to this group of women leaders from all over the country, all of the world, actually in fact. And it was just a great way to start. So it wasn't walking into the
1:24.3	building like the first day it was still work but it was it was still work but it was
1:27.4	it was still work but I started with something that was just very
1:29.8	uplifting very exciting and you and you're off and running.
1:33.1	And I think one of the things that's just so interesting about it
1:36.1	is you kind of ebbed into it.
1:38.6	And I guess there are different transitions for different people.
1:41.3	I think there were stages of my transition. The first stage was
1:45.2	when Lloyd pulled me aside in March of that year and said you're going to be the
1:49.9	next CEO and I'm going to make a statement about that.
	...

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