$127m and a private jet. Has Goldman Sachs chosen its next CEO?
Many on Wall Street regard John Waldron as heir apparent to David Solomon. But a coronation may lead to an exodus of talent.
If John Waldron (left) follows David Solomon as the second consecutive investment banker to lead Goldman Sachs, it would break with decades of precedent. Bethany Rae
Late last year, John Waldron had a $US500 million decision to make. Waldron, Goldman Sachs’ president and chief operating officer, had been approached by Apollo Global Management about a senior job offering life-changing money, even when set against the $US30 million he earned the preceding year.
The investment firm was dangling a remuneration package that, over the course of a few years, would be worth several hundred million dollars and could even reach half a billion, according to people familiar with the matter.
