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Fortune
Fortune
Eleanor Pringle

Goldman Sach's last CEO called David Solomon to complain about performance after he lost $50 million on its slumping stock

Left: David Solomon, Goldman Sachs CEO. Right: Lloyd Blankfein, former chairman and chief executive officer of Goldman Sachs. (Credit: Left: Michael Nagle/Bloomberg - Getty Images. Right: Misha Friedman/Bloomberg - Getty Images)

Goldman Sachs CEO David Solomon may have sought endorsement or at least understanding from his predecessor, Lloyd Blankfein, who led the bank from 2006 to 2018. However, this summer, Blankfein reportedly conveyed his discontent to Solomon over his successor’s actions.

Blankfein spoke to Solomon in June—phoning him out of the blue and catching the current Goldman Sachs boss unawares—to complain about the company’s performance, sources told the New York Times.

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