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 requested she stay on, despite controversy over thousands of emails showing gifts and warm exchanges between Ruemmler and Epstein. Ruemmler maintains her interactions were professional and denies knowledge of Epstein's illegal activities. Michael Bosworth will serve as interim general counsel while Goldman searches for a permanent replacement. This decision may reignite debates within Goldman about the firm's handling of the scandal and its impact on reputation.
Jim Cramer advised that it's not too late to invest in SpaceX, emphasizing that investors should view it as a long-term bet on space exploration rather than a traditional stock focused on near-term profits. SpaceX debuted on Nasdaq with a market cap ...
Apollo Global Management has chosen Austin, Texas, as the location for its second US headquarters, moving away from New York City. The decision was influenced by Austin's appeal to talent unwilling to pay New York prices and the absence of state inco...
Kevin Warsh, President Trump's nominee for Federal Reserve chairman, prefers to be called "chairman," reversing the 12-year trend of using the gender-neutral term "chair" adopted by his predecessors Janet Yellen and Jerome Powell. The Federal Reserve...
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 d...
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...
