Goldman Sachs CEO and DJ David Solomon, also known as D-Sol, has announced his retirement from DJing due to concerns raised by the company’s board members. The board reportedly felt that Solomon’s passion for music was taking up too much of his time, resulting in a lack of focus on his main job as CEO. Solomon faced criticism that his DJing was creating a distraction from his work after Goldman Sachs witnessed a profit decline of one-third in 2022, resulting in a major round of layoffs.
Despite his retirement from high-profile events, Solomon has been DJing for over a decade, with his last known public performance being at Lollapalooza festival in 2022. The CEO performed at an event in the Hamptons, New York, in 2020 amidst global lockdowns, which was subsequently criticised and became the subject of an investigation by the New York Health Department.
A source close to Solomon shared with The Financial Times that Solomon “has decided to stop DJing at high-profile events following criticism that his hobby created a distraction from his work leading the Wall Street firm.” Goldman Sachs’ spokesperson, Tony Fratto, has defended Solomon, stating that music was not a distraction from his work, but rather the media attention became a distraction.
Goldman Sachs recently reported a one-third net earnings decline each year in the last quarter, resulting in a total net earnings decline of $1 billion this September compared to last year. Solomon’s decision to retire from DJing at high-profile events has been a result of discussions held by the board.
In conclusion, David Solomon’s passion for music has forced him to retire from high-profile events as a DJ. Despite performing gigs for over a decade, the CEO’s side gig music career has attracted criticism for distracting him from his primary role as CEO of Goldman Sachs
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