Ex-Goldman CEO Lloyd Blankfein phoned his successor to complain after taking a $50 million hit on the bank's stock - and even offered to rejoin the firm, report says
Ex-Goldman CEO Lloyd Blankfein vented his frustration to the investment-banking giant's current boss, David Solomon, and volunteered to give him more advice or even rejoin the firm to help, The Times said. Solomon declined the offer of assistance, the newspaper said, citing three people briefed on the conversation.Blankfein reportedly made the unexpected call in mid-June, after Goldman's stock price had tumbled close to 10% from its January highs. Blankfein owned about 2.
The stock has rallied since then and is now almost flat for the year. Goldman declined to comment to Insider. Solomon, who succeeded Blankfein as CEO in late 2018, has faced pressure on multiple fronts in recent months. Goldman's stock has lagged its peers, the bank has undergone
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