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Goldman Sachs Boosts Leadership Amid Record Quarterly Profits

2/27/2025

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Summary

Story summary

Goldman Sachs appointed John Waldron, president and COO, to its board, indicating a possible succession plan for CEO David Solomon.
Waldron recently received an $80 million retention bonus to secure top leadership.
KC McClure, CFO of Accenture, joined as an independent director.
The bank achieved its largest quarterly profit in over three years.

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Story summary

Goldman Sachs appointed John Waldron, president and COO, to its board, indicating a possible succession plan for CEO David Solomon.
Waldron recently received an $80 million retention bonus to secure top leadership.
KC McClure, CFO of Accenture, joined as an independent director.
The bank achieved its largest quarterly profit in over three years.