John Waldron, chief operating officer of Goldman Sachs Group Inc., and Goldman Sachs Chairman and CEO David Solomon.
Jason Alden | Bloomberg | Angela Weiss | AFP | Getty Images
Goldman Sachs is on top of Wall Street right now, advising on more than $1 trillion in merger deals and generating more than $12 billion in equities revenue in the first six months of the year alone.
Those records make it all the more striking that Goldman’s board has reportedly discussed replacing CEO David Solomon, 64, with president John Waldron, 57, as early as next year.
The succession plan, which would elevate Solomon to executive chairman, could be voted on by the bank’s board in coming months, The Wall Street Journal reported late Monday.
The transition would be one of the “smoother and more deliberate” leadership handovers seen on Wall Street, Wells Fargo banking analyst Mike Mayo wrote Monday.
But there’s a key risk facing Goldman: Solomon may not be…
