Former Goldman Sachs CEO Lloyd Blankfein, who retired in 2018 after a 12-year stint as head of the Wall Street giant, told Goldman partners on the sidelines of a Miami Beach conference in February that current Goldman CEO David Solomon needed to focus more on his day job and less as a DJ at nightclubs and festivals, The Wall Street Journal’s AnnaMaria Andriotis reports. According to people familiar with the matter, partners have faulted Solomon for presiding over a money-losing expansion into consumer lending that Goldman is now unwinding, while John Rogers, a Goldman partner since 2000, and the secretary to the bank’s board, expressed concerns to Solomon about his DJ side gig, saying it “wasn’t a good look” for the CEO of the bank.
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