Goldman Sachs CEO David Solomon, who moonlights as a DJ playing in clubs around the world, is reportedly playing favorites at his company and has a soft spot for flashy ‘influencer’ bankers as his company readies for cuts.
Despite the company’s profits plummeting recently, Solomon has reportedly shown bias towards bankers who puff up their ‘personal brands,’ appearing at glitzy galas and panels with strong social media followings.
One such banker is Kim Posnett, who has surged through Goldman Sach’s ranks in recent years and currently serves as the Global Head of Investment Banking Services for the company.
Posnett has become a favorite at the banking giant despite being part of an investment team that saw a massive loss of profit during this year’s second quarter, producing 41 percent less profit than the same quarter last year.
Solomon reported earnings of $2.93 billion during that quarter which is a dramatic decrease from the $5.49 billion they made during last year’s second…