Russell Horwitz, Goldman Sachs' chief of staff, privately opposed CEO David Solomon's decision to retain Kathy Ruemmler, the firm's top lawyer, despite her controversial ties to Jeffrey Epstein. Horwitz raised concerns for months as Epstein-related documents revealed Ruemmler's relationship with the convicted sex offender. Ruemmler resigned in February but was asked by Solomon to stay on as an adviser, a move that caused internal shock and dissent within Goldman. Horwitz is leaving his role at the end of June but denies his departure is related to this controversy. The situation has drawn criticism from lawmakers questioning Solomon's judgment in retaining Ruemmler.
As AI companies like SpaceX, OpenAI, and Anthropic prepare for IPOs, investment banks Goldman Sachs and Morgan Stanley stand to benefit significantly. These banks earn fees through underwriting, trading, and advisory services regardless of which AI f...
Eric Ries, author and Anthropic advisor, criticized the AI investment hype, saying corporate AI productivity gains are largely unproven and many AI-related layoffs are just routine cost-cutting dressed up with AI labels. He highlighted that data so f...
Goldman Sachs will retain Kathryn Ruemmler, its outgoing chief legal officer, as an adviser after she resigned earlier this year due to revelations of her close relationship with convicted sex offender Jeffrey Epstein. CEO David Solomon personally re...
Three traditional Dow components—CVS Health, Goldman Sachs, and Caterpillar—have significantly outperformed broader market benchmarks over the past year, driven by their strong market positions, hard-asset moats, and AI integration. CVS Health rose 5...
