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Clear all filters- Goldman Sachs33 min
The Case for Investing in Black Women
Gizelle George-Joseph, David Solomon, Margaret Anadu, Melissa Bradley, Jake Seward
Goldman Sachs launched the "One Million Black Women" initiative, a three-part program led by CEO David Solomon and Global Head of Sustainability Margaret Anadu to address the $300 billion annual GDP loss stemming from the 90% wealth gap between Black and white women. Centered on research by Giselle George-Joseph and guidance from an advisory council including Melissa Bradley, the investment strategy targets structural barriers in education, capital access, and healthcare to boost Black entrepreneurship and community resilience. By leveraging the firm's Urban Investment Group experience, the initiative uniquely integrates support for Black women as mothers, professionals, and homeowners to drive post-pandemic economic recovery.
- Goldman Sachs28 min
David Solomon Formally Announced as Lloyd Blankfein’s Successor
David Solomon, Lloyd Blankfein
Goldman Sachs announced that CEO and Chairman Lloyd Blankfein will retire at year-end, with David Solomon assuming immediate leadership of both roles as the firm enters a new strategic chapter. The transition coincides with a period of strong performance across investment banking and investment management, while Solomon pledged to uphold the firm's partnership culture and drive digital innovation through its Marcus and Clarity Money initiatives. With the firm aiming for its best fiscal year ever under the outgoing leadership, the move is presented as an evolution of the 149-year-old legacy designed to maintain competitive advantage in a changing regulatory and market landscape.