Tom Montag will be the first banker appointed to Goldman’s board under CEO David Solomon, who hasn’t been winning popularity contests with the rank and file since helming multiple waves…
“David may have a problem with the board room. No one wants to see someone is at war with their senior execs,” one Goldman insider had told The Post. “You can ignore the bad coverage for a month or two, but the board no longer has plausible deniability about what’s going on.”
Montag, 66, spent two decades working as Goldman’s global co-head of securities. He secured the partner rank before the firm went public in 1999, Bloomberg reported. It was previously revealed that Goldman’s board was “starting to reevaluate” Solomon after partners’ qualms about their lackluster bonuses, his mismanaged venture into consumer banking and his side hustle as a DJ.The latest reduction in headcount comes as deal values have fallen more than 40% to $1.2 trillion this year.
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