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Goldman Sachs execs are jockeying for power in the firm's big new private investing unit ? and the stakes couldn't be higher


Goldman Sachs
Blackstone
Meet the Goldman Sachs
Rich Friedman
KKR
TransUnion
Blackstone —
Salisbury
CFO Stephen Scherr
Transunion


David Solomon
Daniel Oneglia
John Waldron
Julian Salisbury
Friedman
Sumit Rajpal
Andrew Wolff—
Pablo Salame
Mike Koester

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Isabelle Ealet
Salisbury
Rajpal

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Positivity     37.00%   
   Negativity   63.00%
The New York Times
SOURCE: https://www.businessinsider.com/theres-drama-with-goldman-sachs-private-investing-unit-plan-2019-7
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Summary

"No change occurs without some noise, but the team is already working well together and interest from clients is very strong." Read more: Meet the Goldman Sachs execs tasked with building the firm's new Blackstone-esque private-investing unit, and pumping up the bank's flagging stock price At its core, the debate centers around two of Goldman's most profitable units. Read more: ' It's good to be Rich': Meet the Goldman Sachs banker who has built a private investing empire that goes head-to-head with Blackstone — and you've probably never heard of him But Solomon and Waldron have pushed their own plans, according to people familiar with their thinking. Solomon is said to value Salisbury's advice on broader issues of investing and securities markets, and the special situations chief agrees with the CEO's assessment about how to go after growth, one of the people said. Another said the plan was always to have the leaders of the merchant bank — increasingly Rajpal and Wolff as Friedman began to step back — join with Salisbury, the special situations head. "He's done a good job running that book." The strategic discussions took place among a small handful of execs, including Solomon, Waldron, Friedman, CFO Stephen Scherr, and Salisbury, one of the people said. Read more: David Solomon told a room full of investors at a private dinner he's going to make the Goldman Sachs board his own - and that could highlight the firm's shifting priorities More details emerged two months later when a second memo announced Salisbury, Rajpal and Wolff as the three co-heads of a newly combined alternatives-investing unit.

As said here by Dakin Campbell