Goldman Sachs (NYSE:GS) is reportedly mulling over a major revamp to its management committee, potentially marking the most significant restructuring in years.
What Happened: Based on Insider information, Business Insider reports that the company’s CEO, David Solomon, is considering a significant reshuffle of the committee due to recent staff changes, according to sources familiar with the matter. The changes could involve either an expansion or a substantial reduction of the committee.
The committee currently includes 30 members, with three members due to retire this month. Additionally, three veteran members left the firm earlier this year, while another member, Stephanie Cohen, has been on leave since the summer.
The company’s president and Solomon’s close aide, John Waldron, is involved in advising Solomon on the potential changes and conducting internal discussions with possible candidates, the sources mentioned.
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If the committee sees an expansion, the new members are likely to be of a younger generation who have a ...