{"id":596,"date":"2021-02-23T19:48:48","date_gmt":"2021-02-24T03:48:48","guid":{"rendered":"https:\/\/www.gmatgenius.com\/blog\/?p=596"},"modified":"2021-03-04T22:03:36","modified_gmt":"2021-03-05T06:03:36","slug":"conversation-with-goldman-sachs-ceo-solomon","status":"publish","type":"post","link":"https:\/\/www.gmatgenius.com\/blog\/conversation-with-goldman-sachs-ceo-solomon\/","title":{"rendered":"Conversation with Goldman Sachs\u2019 CEO Solomon"},"content":{"rendered":"

\"GoldmanI had the opportunity today to participate in a Zoom call with Goldman Sachs Chairman and CEO David M. Solomon<\/a>, moderated by CNBC anchor Sara Eisen<\/a><\/strong>. Since becoming CEO in October 2018, Solomon has navigated the 152-year-old investment bank through economic change and the pandemic. We had a great discussion about the economic environment, a post-pandemic world, and the value of an MBA.<\/p>\n

Economic Environment and Leadership<\/h2>\n

Solomon is optimistic about the medium-term prospects of returning to normalcy<\/strong>. He said that we have faced other challenges before. His worst memories are of seeing the devastation in Downtown Manhattan on 9\/11. Despite the horrors of this pandemic, we need to move forward. He thinks that more economic stimulus is needed, but it should be more targeted and thoughtful<\/strong> than the $1.9 trillion package under discussion in Congress. Solomon thinks that future generations will pay the consequences of such a heavy debt load.<\/p>\n

Solomon emphasized that a company needs to be led with purpose<\/strong>. Employees want a clear purpose and want to contribute to that purpose. Social impact is important. Solomon believes that companies should contribute broadly to the societies in which they operate<\/strong>. He is especially proud of an initiative that he spearheaded and announced in January 2020 \u2013 Goldman Sachs will not take a company public unless it has at least one woman or non-white member on its Board of Directors (two starting this year).<\/p>\n

Solomon\u2019s Opinion of an MBA<\/h2>\n

At my request, moderator Sara Eisen asked Solomon about the value of an MBA. Solomon said that one of his biggest personal regrets is that he didn\u2019t go to business school<\/strong>. All of his peers found value in the personal growth they experienced during their MBAs. Solomon said that he highly recommends getting an MBA<\/strong> if you are fortunate enough to have that opportunity. You will be working for many years, so taking a couple years to build a personal network and develop life experiences is invaluable in his opinion (and ours too!).<\/p>\n","protected":false},"excerpt":{"rendered":"

Goldman Sachs CEO David Solomon discussed the economic environment, a post-pandemic world, and highly recommended an MBA in our conversation.<\/p>

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