The CEO of one of the world’s biggest and most powerful banks, Goldman Sachs, David Solomon has been making the rounds of late. Analyzing the paths and flight patterns of the exclusive jets he and President John Waldron have used offer us a glimpse into the business travels of the top-executives of the firm.
Previous reports and investigations from Insider concluded that Solomon has an expense account for the travels, with the CEO consistently settling the bill for the usage directly. Despite that, the bank has refrained from mentioning the details about the flights in its proxy statements.
A story from Dakin has now come to light, depicting the most frequently used flights from both jets and the days it is used. Although there is no blame on Goldman and Solomon for their adherence to the law when it comes to their travels, the issue has become much more than just a nitpicky topic for the benefit of one shareholder.
Furthermore, the past year has not been a great time for Goldman either.
For more details on the flights that Goldman’s two private planes have taken since 2022, click here.
A Wall Street Journal report concerning JPMorgan has revealed that its more senior personnel have been in regular contact with notorious tycoon Jeffery Epstein despite earlier claims that the bank had cut ties with him in 2013.
What was once a lucrative investment option for many is now suffering greatly due to a drop in rents and in some cases, prices of single-familly rentals. This combined with the high cost of operating these form the biggest barrier for investment.
Michael Klein, well-known dealmaker, is back in the game with Glencore’s takeover for Teck Resources. The resurrection comes after his failed attempt to reform Credit Suisse’s investment bank. There is more on Klein’s re-emergence in the Bloomberg report.
Goldman Sachs Technology Division head Marco Argenti spoke of the potency of AI and its likely influence on knowledge collection, categorizing and disseminating. If you’re interested in the speech, click here.
The nine cities with the most number of billionaires in the entire world are all in the USA. Apart from the usual hotspots, some new cities have emerged as epicenters of the wealthy. Click here to find out more about these alien-sounding cities.
Centerview’s senior-executives have welcomed two new co-presidents, the first of its kind in the history of the boutique investment bank. The duo will be under the supervising guidance of Centerview’s co-founders.
If you’re hoping to get into the gym soon but don’t know what to do, don’t worry! Here are some instructions from seasoned personal trainers that will help you start out on the right foot! Also, remember to not indulge in activities that others wouldn’t appreciate, such as ‘curling in the squat rack’.
Lastly, but certainly not the least, bar staffers have revealed what they have always wanted their patrons to understand, but needed an avenue to vocalize. Read up on their wishes here.
