David Solomon

Excited to announce Goldman Sachs will be an official partner of the McLaren Formula 1 team! 🏁

As we help accelerate progress towards McLaren Racing’s net-zero goals, we’ll use our combined expertise to drive faster to a more sustainable future.

Learn more: https://lnkd.in/eeKcKhHG

Goldman Sachs’ partnership is the bedrock of our firm. Today we named 80 new partners who represent the best of our culture and are unified by our shared values of client service, excellence, partnership and integrity. Their skills, perspectives and experiences will continue to strengthen Goldman Sachs as we serve clients around the world. Learn more about this year’s class: https://lnkd.in/e67bHJQd

We are very pleased with our strong results for the quarter and the year. I’m encouraged that we have met or exceeded almost all of the targets we set in our strategy to grow the firm five years ago, and as a result, have both grown our revenues by nearly 50% and enhanced the durability of our franchise. With an improving operating backdrop and growing CEO confidence, we are harnessing the power of One Goldman Sachs to continue to serve our clients with excellence and create further value for our shareholders.

Couldn’t have had a better time in the beautiful city of Munich this week, where I met with many of our top clients. Germany is integral to our European franchise, and the team we’ve built here is second to none. Looking forward to my next visit.

This was a year of execution for Goldman Sachs. With everything we achieved in 2023 coupled with our clear and simplified strategy, we have a much stronger platform for 2024. Our strategic objectives underscore our relentless
commitment to serve our clients with excellence, further strengthen our leading client franchise and continue to deliver for shareholders.

I’m delighted to welcome our summer analysts and associates to Goldman Sachs. Over the next several weeks, they’ll work closely with our people to learn about our business and gain direct exposure to global finance. Below, I share some advice on how they can make the most of their summer. We’re excited to have them with us.

Cryptocurrencies are only one of blockchain’s many applications, so we shouldn’t miss the forest for the trees. Used correctly, blockchain can support responsible innovation across the financial industry. Read more of my op-ed in the The Wall Street Journal:

At our Goldman Sachs Communacopia + Technology conference last week, I had the opportunity to discuss the evolving landscape of #AI with three visionary CEOs: Jensen Huang of NVIDIA, Marc Benioff of Salesforce and Ali Ghodsi of Databricks.

Each CEO brought valuable insights that highlighted AI’s transformative potential: Jensen Huang explained how NVIDIA’s advancements in accelerated computing are dramatically speeding up data processing; Marc Benioff highlighted a new era where AI and human agents are collaborating for customer success; and Ali Ghodsi emphasized AI’s growing impact across sectors like healthcare, finance, and legal services.

It's clear we're in the midst of a significant technological shift, and I’m eager to see how these developments shape our future. #GSCommunacopiaTech

After over 20 years at Goldman Sachs, I still always look forward to the arrival of our summer interns. While this year is certainly different, it’s no less important and we’ve worked hard to ensure this virtual program will be a tremendous learning experience for all. Here’s the message I sent to our new interns this week:

It was incredibly moving to hear the stories of the families I met at a Ukrainian school and refugee center during my visit to Poland this week. I was also proud to see everything our people in our Warsaw office are doing to help Ukrainian refugees in the region.\n\nOur Warsaw office is a growing, vital part of our organization and we're trying to do everything we can to be supportive during this tumultuous period for the region.

An incredible night commemorating 150 years of Goldman Sachs and celebrating the privilege of long-term relationships with our clients. I am humbled and grateful. #GS150Years

Congratulations to all who have fought so hard to keep #DACA in place. There is more to do, and I hope all can work together to ensure lasting relief for Dreamers.

Had a great #AskMeAnything session with hundreds of our New York area summer analysts in our Jersey City office today, with many more joining virtually from our other offices around the world. Speaking with our interns always gives me hope about the future of GS. I told them what I’d tell myself at that age: Meet as many people as possible. Get out of your comfort zone, and build relationships across a wide spectrum.

Celebrated our newest class of 10,000 Small Businesses grads in three cities last night. While my colleagues traveled to Cleveland and Dallas, I was honored to address many of our #10KSBgrads at a ceremony in Baltimore with Mayor Brandon Scott. Still can’t believe they finished our program all while running their businesses during a pandemic.
 
But the work isn’t over. Our latest survey of U.S. small-business owners says a majority are struggling to recruit qualified employees and to get the capital they need to grow. More here: https://lnkd.in/eNbe6GB #MakeSmallBig

Look who stopped by on her way to the VMAs. Thrilled to welcome Jennifer Lopez and U.S. Small Business Administration Administrator Isabella Casillas Guzman to our #10KSmallBiz event at The Lit. Bar yesterday. Together, we’re amplifying the voices of Latina entrepreneurs and helping them take their businesses to the next level. #SmallBusinessWeek

Not only is Mindy Kaling incredibly funny and successful, she’s a strong advocate for #smallbusiness. We had a chance to discuss her amazing career and entrepreneurial work during our Goldman Sachs 10,000 Small Businesses Voices Virtual Hill Day. Mindy also met with our #10KSmallBiz alumni from across the country who participated in 400+ meetings with Members of Congress to advocate for continued small business relief. Many thanks to her and congressional leaders who spent time with our #10KSBgrads yesterday.

As part of our One Million Black Women initiative, we celebrated nearly 150 graduates of our Black in Business program in New York last week. This 10-week business education program for Black women provides these solopreneurs an opportunity to turn business potential into sustainable business growth, all with the goal of reducing the 90% wealth gap Black women may face throughout their careers. It was an honor to meet so many of these incredibly talented leaders and I look forward to their continued success.

We brought together this week an extraordinary group of Black executives and industry experts for our inaugural Garland Summit. Named after our first Black partner, Garland Wood, the two-day event celebrated these leaders’ achievements and ambitions.

For our keynote session, I spoke with our former lead director Bayo Ogunlesi, whose career spans both the public and private sectors —from clerking for Supreme Court Justice Thurgood Marshall to founding Global Infrastructure Partners (GIP), which today has over $170 billion in assets under management.

Bayo reflected on the simple but powerful piece of advice that shaped his leadership style: build meaningful relationships. “Surround yourself with the smartest people you can, get them excited about a goal, and move them in the same direction.”

It was a fun and insightful conversation. My thanks to Bayo and all who joined us.

I was honored to present the grand prize of $1 million to the impressive students at Howard University who competed in Goldman Sachs’ Market Madness: HBCU Possibilities Program.
 
To all the 125 students who took part in this year’s program – thank you and well done. Not only did you win grants for your school, but I hope you enjoyed learning about the financial services industry from our people at Goldman Sachs.
 
Our commitment to investing in talent at HBCUs is a testament to the substantial role they play in economic growth. https://lnkd.in/dh-D3seG

I’m saddened to hear of the passing of my friend David Bonderman. I first met David in the early 1990s just before he founded TPG with Jim Coulter. We worked together on a deal for America West, and through the 1990s and into the early 2000s, as TPG grew into a major player, I continued to do more business with him. He had extraordinary business judgment, and he built and led an impressive firm. But more than that, he became a great friend and personal mentor of mine. I’ll miss his wise counsel, and on behalf of Goldman Sachs, I extend my condolences to his entire family.

Spent the day in our Chicago office meeting with clients and holding a town hall with our people. It’s great to see everyone together again, and #Chicago is a fun city to visit, especially in the summer!

Our fifth annual Analyst Impact Fund finals were held this morning, where analysts across the firm compete to win grants for nonprofits doing extraordinary work. This morning, with our Partnership Committee, I announced our first place and fan favorite winner, SIRUM, which works to ensure every American has access to their essential prescription medicines. Through #GSGives, SIRUM will receive a $275,000 grant for their lifesaving efforts. This event always showcases the best of Goldman Sachs – our purpose and values on display. And it’s so motivating to see the next generation of leaders share their hard work with the firm: gs.com/aif-2020

Even though we can’t celebrate together, I had the opportunity to record this commencement address for the Class of 2020 with iHeartMedia. You can listen to the speech here: https://click.gs.com/me82

Huge congratulations to all of our grads — and importantly, I hope you and your families stay safe and healthy.