Everybody loves a cleaning soap opera and Goldman Sachs Group Inc. has been delivering countless intrigue and nameless backstabbing in rolling media studies of Chief Government Officer David Solomon’s purported private failings. However there’s one thing a bit of empty about all of it. William Cohan, creator of a 2011 historical past of the agency, stated it greatest on Bloomberg TV final week: Funding bankers are fairly easy, if their bonuses go up this 12 months, the griping will die down.
Solomon can relieve his bankers’ irritations by liberally making use of the normal Wall Road salve of money. The impediment is the heavy value of undoing Goldman’s massive push into client banking.
