Goldman Sachs | CEO clinging onto power despite employee revolt

The once-firm support pillars of David Solomon's tenure as CEO of Goldman Sachs are displaying signs of erosion, as internal unrest casts a shadow over his leadership.

Solomon, who has held the reins of the prestigious investment bank for nearly five years, now confronts one of his most challenging periods in office, characterised by waning morale and dislike of his leadership.

Reports of Solomon's leadership style, often characterised as blunt and uncompromising, have raised eyebrows in HR circles for years. He was one of the first high-profile instigators of a full office return, telling the media that remote working was “...an aberration that we're going to correct as quickly as possible," despite pushback from staff.

In 2021, he caused outrage by seemingly endorsing junior employees within Goldman Sachs working 95-hour weeks, and refusing to dissuade workers from doing so.