Why Goldman’s consumer ambitions unsuccessful, and what it suggests for CEO David Solomon

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A lot of of the conclusions Goldman CEO David Solomon created about Marcus ultimately led to the collapse of its purchaser ambitions, in accordance to a dozen people with understanding of the issue.
Marcus leaders had disagreed with Solomon in excess of solutions, acquisitions and branding, said the folks, who declined to be identified speaking about internal Goldman issues.
The humbling episode adds to the stakes of Solomon’s 2nd-ever trader working day conference Tuesday, in which the CEO will present facts on his prepare to make strong resources of revenue development.

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